Overview of Synod Investment Service
Starting May 1, 2021, The Synod of the Pacific will no longer be mailing paper statements for all the Investment accounts. If you would like to register for online access to view statements and transactions, please complete the online access form located at the top left of this page. Or you may contact Danielle Williams via email, email@example.com for a copy.
The Synod of the Pacific
Investment Service is open to any church, presbytery, specialized ministry, or
ecumenical partner related to the Presbyterian Church (U.S.A.) within the
bounds of the Synod.
The Investment Service was established with
initial deposits of less than 2 million dollars in 1989. Today deposits exceed
over 30 million dollars. Churches have choices of how they wish to
invest their dollars.
The Custodial Fund -
similar to a money market account, is 100% liquid and offers flexibility to
Certificates - We offer six-month, one-year, two-year, and three-year
Mission Development Certificates which, depending upon the term of the
certificate, will accrue interest at a higher rate, but cannot be redeemed
under any circumstances until maturity.
The Synod's 5 million dollar line of credit with
its bank ensures continual liquidity for all investment depositors.
The deposits from the Investment Service make
possible the Synod Loan Service.
Advantages to Depositors
receive a high rate of return on short-term investments. The current
annual rate is significantly higher than commercial banks' return for
interest-bearing checking, savings, money market, and certificates of
- Depositors are
spared the inconvenience of shopping around for the best rates or
transferring funds among various commercial institutions to secure the
- Custodial Fund
depositors may make an immediate withdrawal, without penalty, at any time
during regular business hours. There is no maturity date; funds are always
available. The Mission Development Certificate is a six-month, one-year,
two-year, or three-year note, with interest accruing each month,
redeemable only at the maturity and/or renewable for an additional
participate in the Synod's mission by underwriting its Loan Service. In
turn, the Loan Service provides the necessary funds for new church
development, construction to existing churches and/or renovations, as well
as other special needs of churches, presbyteries, and agencies across the
Benefits to the Synod as a
- The Synod
Investment Service funds the Synod Loan Service, allowing the Synod to
reduce expensive borrowing from commercial banking institutions.
- The Synod
supports ministry among its eleven presbyteries using the difference in
interest rates between investment deposits and loans.
Policies and Procedures
- The Synod
accepts deposits to its lockbox from Presbyterian Church (U.S.A.)
congregations, presbyteries, and specialized ministries within its bounds,
and related organizations and ecumenical ministries in which the Synod or
any of its presbyteries are partners. Regulatory requirements prohibit the
Synod from accepting deposits from individuals or organizations/agencies
not related to the Synod of the Pacific, Presbyterian Church (U.S.A.)
- The Custodial
Fund's initial minimum deposit is $1,000.00. Deposits or withdrawals in
any amount are acceptable after the initial deposit. Although it is not
necessary to maintain a $1,000.00 balance, the Synod reserves the right to
return a deposit that falls below $500.00.
- An initial
minimum deposit of $1,000 is required for Mission Development Certificates
(MDCs). Please view the minimum deposit required per MDC
- The Synod
credits interest utilizing an annual percentage rate based on the cost of
funds of the Investment and Loan Services, and calculated daily.
Synod Investment Service
- The Synod's capacity to accept deposits is limited by its portfolio of outstanding church loans. At this time, qualified investors are encouraged to make deposits.
- Depositors will receive a statement for new accounts, and a regular monthly statement thereafter showing all account activity for each account.
Contact the Investment Coordinator at Danielle@synodpacific.org or 1.800.754.0669 Ext. 11 for further information.