|
Need LCEF forms, literature, or general information? |
|
|
|
|
|
Cemetery Perpetual Care StewardAccount®
For LCMS Congregational Cemetery Funds
These investment dollars are designated for the improvement, maintenance, management, control and long-term operation of a congregation’s cemetery. The Cemetery Perpetual Care StewardAccount offers easy access to the invested funds and pays competitive market rates.
It offers free check writing, optional VISA® ATM/ Check Card and Electronic Funds Transfers*, and check card transactions.
An application and Offering Circular are available.
|
- Initial quantity of checks provided FREE; replacement orders competitively priced.
- Minimum amount per check is $250.
- Unlimited number of checks per month.
- Cancelled checks truncated and held by UMB Bank for safekeeping.
|
|
- $1,000 minimum investment to open account.
- Interest compounded and paid monthly at month end.
- Tiered interest rates that rise as your balance grows; comparable to money markets.
- Tier 1 = Less than $25,000
- Tier 2 = $25,000 - $49,999
- Tier 3 = $50,000 - $99,999
- Tier 4 = $100,000 or more
- Variable interest rates adjusted monthly.
- No monthly maintenance or membership fees.
- Fees may be charged for customer-initiated special service requests.
|
- ATM/Check card (no line of credit).
- No LCEF or VISA usage or maintenance fees; retailers and ATM owners may assess usage fees.
- Special ministry revenue is generated on product purchases that do not involve entering a Personal Identification Number, (PIN).
|
- Electronic investment and payment options.
- Investor-initiated service.
- No charge transfer of funds to or from LCEF StewardAccount.
|
Note: The Cemetery Perpetual Care StewardAccount is not available to congregations in South Carolina, per the state’s offering circular.
* StewardAccount access services are offered through UMB Bank, n.a.
|