Parish Development Announcements
July 7, 2021
Dear Church Family,
Greetings in the name of Jesus the Christ!
As the New York Annual Conference (NYAC) Parish Development Committee strives to assist the local church in their continuation of fruitful ministries, we believe that it is prudent to lower our interest rate.
At the May 10, 2021 meeting of our Committee, members voted to lower the interest rate charged on loans offered to local churches, as follows:
New Rate Previous Rate
The interest rate of 4% will be for new loans and it will be applied to all existing loans to be recalculated effective July 1, 2021.
Note: The maximum loan term of 10 years, along with a grant of up to 10 percent on loans (a grant of 5% up to 10% is offered with all loans), remains as before.
Have questions about obtaining a loan for your NYAC church? Please contact your District Parish Development Committe Chairperson or your District Superintendent for additional information.
Rev. Dr. Marjorie E. Nunes
Chairperson, NYAC Parish Development Committee
The New York Annual Conference (NYAC) Parish Development Committee serves local NYAC churches by making grants and loans throughout the year. This financial assistance is provided to help ensure that while seeking to make disciples of Jesus Christ, our NYAC churches are able to:
- Execute facilities improvements;
- Begin new ministries;
- Maintain existing ministries; and more.