September 5, 2007
FOR IMMEDIATE RELEASE
September 5, 2007
COLORADO SPRINGS, Colo. – After an exceptional year of earnings on invested reserves, The Alliance Development Fund (ADF), a support ministry of The Christian and Missionary Alliance (C&MA), gave a gift of more than $1 million to Alliance churches and other ministries that have ADF loans. Each ministry received an amount equal to the interest portion of one monthly payment. “As God has blessed ADF,” says President Larry McCooey, “we want to bless those churches and ministries that He has entrusted to us.”
ADF provides loans to Alliance churches to build or acquire facilities. The C&MA subsidiary’s ministry focus allows loan interest rates to be as low as possible, while paying investors competitive rates of return, covering operating costs and building reserves to keep ADF financially strong.
These gifts meet ADF’s core values—serving Alliance churches and giving back when it can. Churches appreciate the unexpected gift. Pastor Stephen Kroh, from Emmanuel Alliance Church in Maryland, and his prayer group had just finished praying for their students attending LIFE and financial needs. “I checked the mailbox as my wife and I left the church and found the ADF check,” said Kroh. “I told my wife, ‘We just prayed for this!'”
South Pacific District Superintendent Don Brust shared the amazement of many beneficiaries. “I have never heard of anyone getting a gift refund from a lending institution before,” he said. “Thank you for modeling stewardship from God’s blessings!”
ADF offers investment options for members or friends of the Alliance family and provides free Internet banking services for ADF investment partners. Currently, ADF has approximately 6,200 investors, and a growing number of people are realizing that they can maximize their stewardship impact by making their investments do “double duty”—helping C&MA churches while receiving a competitive rate of return.
For more information about The Alliance Development Fund, visit www.adf-inc.com.
The Alliance is a fellowship of evangelical believers joined together in local churches, dedicated to fulfilling Christ’s command to make disciples of all nations. The Alliance has a thoroughly evangelical doctrinal statement and encourages believers from diverse backgrounds and theological traditions to unite to complete Christ’s Great Commission.
CONTACT:
Mike Saunier, Director for Communications
The Christian and Missionary Alliance
719-265-2009
Fax: 719-599-8234
E-mail: [email protected]
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