This option allows participants to invest in an adjustable interest rate Investment Certificate with Christian Investors Financial (CIF). The rate can be adjusted by CIF the first of any month.
CIF is the EFCA-affiliated provider of ministry capital financing, capital campaign coaching, and church consultation. In addition to earning a competitive rate of interest and providing for capital preservation, a participant's investment helps expand EFCA ministries.
CIF pays administrative fees to FCMM, so there are no fees paid by the participant on funds invested in this option. Prospective investors should refer to CIF’s current Offering Circular for risk factors and other information needed to make an informed investment decision. Current interest rate information ["403(b)(9) rate"] is available at https://christianinvestors.org/403b. At that page, select the state in which you reside, click Next Step, then click Download Resource for the Interest Rate Sheet.
Ministers and missionaries are eligible for the “housing allowance” designation of retirement benefits distributed from any of FCMM's investment selections.
