2024 Mortgage Interest Rebates

As God blesses the Central Illinois District Church Extension Fund (CID-CEF), so we return His blessings to those churches, organizations, and schools in the Central Illinois District that have borrowed funds in answer to God’s calling to make disciples of all nations. Under the Mortgage Interest Rebate Program, the CID-CEF returns part of the interest paid during the year by our borrowers under our standard interest rate program, thereby reducing the cost of their loans and returning financial resources to them to meet other needs in their ministries.

This year, the CID-CEF Board of Trustees approved returning $150,000 to our borrowers under this Mortgage Interest Rebate Program. All borrowers qualified to receive a rebate under our standard interest rate program met the qualifications to earn this rebate, which will return to them an estimated 24% of the interest they paid on their loans in 2024, effectively reducing their interest rate by 24%.

Only through God’s grace are these financial resources available to be returned to His ministry in the Central Illinois District – praise be to Him!

Praise God for opening the eyes of our people in the Central Illinois District to the challenges facing our society today and knowing that only our Lord can overcome these challenges, using His churches, organizations, and schools to preach His Word and carry  it to all corners of the Central Illinois District!