Termination of Growth Bond Program
CID-CEF Growth Bond Program is Ending
Through its Growth Bond Program, the Central Illinois District Church Extension Fund (CID-CEF) has encouraged the young members of our congregations to save up their treasures while supporting the growth of the LCMS and God’s Kingdom in the Central Illinois District. Many of our youth have taken advantage of this program, but the time has now come to bring the program to an end.
The CID-CEF will initiate the following steps to bring the Growth Bond Program to a close:
- All unused stamps not yet in booklets will be refunded at stamp face value upon presentation.
- All stamps in booklets, partial or full, will be refunded at stamp face value upon presentation.
- Growth Bonds that have matured will, after a 60-day notification period, be redeemed at their current value, or the owner may have the option to reinvest in a CID-CEF Flexible Savings Account or Investment Certificate where qualified and permissible to do so.
- Growth Bonds that have not yet reached maturity will be redeemed at their full $25 maturity value, regardless of current value and time left until maturity.
Please submit all unused stamps and stamps in booklets for redemption by December 31, 2021, to the CID-CEF (1850 N. Grand Ave. W., Springfield, IL 62702). We ask churches and schools to please communicate this request as necessary to members of their congregations and schools.
Communications regarding redemption of Growth Bonds already purchased will be sent 60 days in advance of their maturity or redemption as a reminder of this change and to allow reinvestment, where qualified and permissible to do so.
We thank all for participating in the Growth Bond program and pray that you have likewise grown spiritually from the knowledge that you have assisted with reaching souls by providing the use of your treasures to build and grow our churches and schools in the Central Illinois District.