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Primitive Methodist Investment Foundation, Inc.

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Primitive Methodist Investment Foundation, Inc. Sharing Faith Building the Future of Primitive Methodist Churches One Brick at a Time-PM Investment Foundation, Inc ... – PowerPoint PPT presentation

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Title: Primitive Methodist Investment Foundation, Inc.


1
Primitive Methodist Investment Foundation, Inc.
  • Sharing Faith
  • Building the Future of Primitive Methodist
    Churches
  • One Brick at a Time

2
-PM Investment Foundation, Inc-What is it?
  • The PMIF is a not-for-profit corporation.
  • It is a separate legal entity under the PM
    Conference.
  • It has existed since 1969 (43 years old).
  • It promotes the growth and development of the PM
    Church in the US and abroad.
  • It establishes an investment fund to make loans
    available to PM churches.
  • It provides initial financing to new churches.
  • It provides capital improvement financing to
    existing churches.

3
How can I assist thePMIF achieve its purpose?
  • Invest with the PMIF in a Hybrid Savings account.
  • Make a tax deductable contribution to the PMIF in
    the furtherance of Gods work.
  • Plan a gift to the PMIF upon your home going
  • Bequest by will Name the PMIF as a beneficiary
    in your will.
  • Life insurance policy Name the PMIF as a
    beneficiary on a life insurance policy.

4
Invest in a Hybrid Savings Account
  • PMIF pays its investors competitive savings
    account rates (currently 2.0) for any size
    investment for any period of time.
  • Funds invested are available to the investor upon
    demand.
  • Simple interest is calculated daily and is paid
    or added to the investors account every 6 months
    (semi-annually).
  • Account statements are mailed semi-annually
    following interest payment.

5
Hybrid Savings Account Questions
  • Is their any minimum amount I must invest?
  • No. Any amount is accepted for investment and
    accounts may be earmarked for certain purposes
    (i.e. education fund, vacation fund, etc.)
  • Can I add to my account?
  • Additions to, or withdrawals from your account
    can be made at any time.
  • Are my funds available when I need them?
  • Yes. Funds are generally available with 1-3
    business days of notice.
  • Are my PMIF investments FDIC insured?
  • No. PMIF funds are not FDIC insured as the PMIF
    is not a bank. Funds invested with the PMIF are
    SIPC insured with our investment manager.

6
Hybrid Savings Account Questions(continued)
  • May my family members open accounts with the
    PMIF?
  • Yes. Family members investments and gifts are
    welcome.
  • Can I transfer my retirement savings accounts to
    the PMIF?
  • No. The PMIF does not have the capability to
    receive pre-tax contributions from retirement
    savings accounts.
  • Does the PMIF interest rate paid on investments
    change?
  • Yes. It can change based upon PMIF Board
    direction. Any interest rate change is
    communicated in the next semi-annual statements
    to PMIF members.

7
Become a PMIF member today!
  • A census of PMIF participation includes the
    following
  • 548 PMIF individual and institutional members.
  • 913 Hybrid Savings accounts open.
  • 10.6 million invested.
  • Over 100 loans made to PM churches over the
    PMIFs existence.
  • 31 loans currently outstanding.
  • 1.1 million in loans to PM churches outstanding.
  • We want you as a PMIF member - Open a PMIF
    account today by calling (570)287-2888.

8
How do I find out more information about the PMIF?
  • Ask your Pastor about the PMIF.
  • Ask your Conference Delegate about the PMIF.
  • Ask a fellow church member about their PMIF
    experience.
  • Contact the PMIF office by phone at
    (570)287-2888.
  • Contact the PMIF by email at rjthomas63_at_gmail.com
    .
  • Contact the PMIF by fax at (570)283-8295.
  • Visit the PMIF web pages on the PM Conference
    site at http//www.primitivemethodistchurch.org/p
    mif.html.

9
Thank you for your time and consideration!
  • Sharing Faith
  • Building the Future of Primitive Methodist
    Churches
  • One Brick at a Time

10
Primitive Methodist Investment Foundation, Inc.
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