Virginia United Methodist Development

The Virginia United Methodist Development Company offers loans to congregations for building or expanding church facilities. This program offers individuals a chance to invest in congregations. For more information their website is https://vaumdevco.org.

 

 

Why invest with DevCo?

The Virginia United Methodist Development Company (“DevCo”) receives investments from United Methodist churches and individuals across the Virginia Conference. These investments earn excellent interest for the investors and are quickly loaned to churches for land acquisition, capital projects, building improvements and debt refinancing. As a conduit for missional investing, DevCo has funded over $37M of loans helping churches to move forward with expanded ministry and mission. “Methodists helping Methodists!”

New Rates effective October 1, 2018!

 

In response to the Federal Reserve’s interest rate increase, the Virginia United Methodist Development Company announces new rates to be effective October 1, 2018. The new rates are as follows:

1.7%   Savings Certificates (no holding period requirement)

2.3%   6 Month Investment Certificates

3.0%  12

3.2%  24

3.3%  36

3.4%  48

4.0%  60 

For further information, please contact Leo Rodriguez at 804-521-1121.