Frequently Asked Questions (FAQs)

How often do the rates change?

Investment rates on new offerings are subject to change at any time.

For established Variable notes, rates are reviewed in January and July. At review, the rate on variable notes could go up, down, or stay the same.

Will the interest rate go up if I increase the principal amount invested?

Interest rates are determined by the terms of your investment, not on the dollar amount invested.

Am I allowed to make withdrawals from my note(s)?

The 30-day Access option provides for withdrawals (principle reductions). You can make one withdrawal per calendar month against the principal with no penalty.

Term notes are set up with the intention that the funds will stay in the account until maturity. Currently, early withdrawals can be made from these notes with a 45-day written notice and will result in a six-month interest penalty.

Can I continue to add to my investment note?

Yes, unless you are notified in writing that your note is closed to additions.

Will the maturity date change if more funds are added to the note?

No.

Are CEP’s investments secured or insured?

Vision investments are not “secured”. Your investment is backed by mortgages on the loans made to churches and CEP's other assets. CEP maintains an excess in assets, currently over $10 million.

Our investments cannot be covered under the FDIC insurance program because Church Extension Plan is a ministry, not a bank.

Where does CEP invest my money?

All investment dollars go to support the expansion of Assemblies of God churches and ministries through our Partners Plus loan program. Cash reserves are in bank, money market and very conservative mutual fund accounts. The variety allows for balance when one part of the economy softens (the other part usually does the opposite).

What happens to my investments if I die?

Your beneficiaries will need to contact CEP and provide a certified death certificate. They will also need to inform CEP in writing whether they want to cash out the investment note(s) or hold it to maturity.

Can I put my investment note in the name of my trust?

Yes. You will need to provide a copy of your trust agreement or complete a Certification of Trust Agreement form. CEP requires that we have one of these items before we can set up your investment note in the name of a trust.