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MissionTermSelect
NEW!
MissionTermSelect
investments may be
held as term
investment or as an
investment in a
Traditional or Roth
Individual
Retirement Account
(IRA), SEP IRA, or
Coverdell Education
Savings Account (CESA),
with UMB Bank, n.a.,
as custodian.
Suggested uses for MissionTermSelect investments:
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Individuals
may use MissionTermSelect as a short-
or
long-term investment
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Congregations
may use MissionTermSelect to hold funds for endowments, cemetery associations or renovation projects
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ELCA-related
ministries,
such
as
colleges
and
social
ministry
organizations
may use MissionTermSelect to hold funds for endowments, scholarships or building projects
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MIF offers
these MissionTermSelect investments:
MissionTermSelect-Adjustable
rate investments have terms of
1, 3, 5 and 7
years. The interest rates
are adjusted monthly,
but not below
specified U.S.
Treasury security
yields. Minimum
investments may vary
but will not be less
than $100. Additions
of $100 or more may
be made to the
principal of
investments with
terms of more than
three years at any
time prior to two
years before the
maturity date.
MissionTermSelect-Fixed
rate investments have terms of
1, 2, 4 and 6
years. The interest rate is fixed at the beginning of the term and will remain at that rate for the full term. Interest is paid quarterly from the date of investment and can be sent directly to you by check or automatically reinvested. No further additions to principal may be made.
Minimum investments
may vary but will
not be less than
$100.
MissionTermSelectGRAND-Fixed
rate investments have terms of
1, 2 and 3 years.
Minimum investment
is $250,000. The
interest rate is
fixed at the
beginning of the
term and will remain
at that rate for the
full term. No
further additions to
principal.
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Mission Investments are subject to certain risks. See "Risk Factors" following the introduction in the Offering Circular.
A Mission Investment
is not a bank
account. As securities issued by a non-profit institution, the investments are not insured by the FDIC, SIPC or any other federal or state regulatory agency. The securities are sold only by means of the Offering Circular, which can be obtained from the Mission Investment Fund. This is neither an offer to sell nor a solicitation of an offer to buy the securities described herein.
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