The Mission Investment Fund (MIF) of the Evangelical Lutheran Church in America (ELCA) is a financial services ministry that supports ELCA congregations, ministries, and the communities they serve. Here are some key aspects of the Mission Investment Fund: ## Overview - Purpose: MIF provides a faith-based way for individuals, congregations, and ministries to achieve their financial goals by offering a range of investments and loans[1][3]. - Specialization: It specializes in loans for church-related building projects, land purchases, renovations, and other capital projects[4]. ## Services and Features - Loans: MIF offers competitive loan rates and terms without mortgage points for ELCA congregations and related ministries. Loans can be used for various projects, including building purchases, renovations, and green initiatives[4]. - Investments: It provides investment options for individuals and congregations, with funds used to support loans for capital projects[1][5]. - Partnerships: MIF works closely with the ELCA Federal Credit Union to offer a wide range of financial products and services[1]. ## Operations and Impact - Establishment: Founded in 1988, MIF has a long history of supporting ELCA communities[3]. - Assets and Loans: As of year-end 2022, MIF had total assets of $776.3 million and 812 outstanding loans totaling $582.7 million[1]. - Community Impact: MIF's loans have supported numerous community projects, such as expanded worship spaces, educational facilities, daycare centers, and social service agencies[1]. ## Structure and Management - Headquarters: Located in Chicago, Illinois, with a hybrid workspace model[3]. - Regional Managers: MIF has regional managers who introduce loan and investment products to synods, congregations, and ministries[4].