FAQ
General
Are my investments insured in any way?
The AG Loan Fund certificates are not insured or guaranteed by SIPC, FDIC, or any other federal or state authority or regulatory agency, or any other person or entity.
Has anyone ever lost money with this program?
While past performance is no guarantee of future returns, no AG Loan Fund investor has ever experienced a loss of investment or missed receiving an interest payment.
Why are you not covered by the FDIC?
The Federal Deposit Insurance Corporation offers insurance only to banks. AG Financial Solutions is not a bank, and thus not eligible for FDIC.
What is an "Offering Circular?"
The "Offering Circular" provides all the information you need to make an informed investment decision. It provides information on the history of the AG Loan Fund, the policies and procedures for the AG Loan Fund and the last three years of Financials for the program. When opening your investment, you are agreeing to the terms and conditions of the Offering Circular.
What is the relationship between the General Council of the Assemblies of God and the AG Loan Fund?
AG Loan Fund was organized by The General Council on November 29, 1994, under the Missouri Nonprofit Corporation Act. AG Loan Fund is the incorporated continuation of the Church Loan Department of The General Council, which was transferred to us by means of a transfer agreement. According to the transfer agreement, The General Council assigned to us certain real property, notes receivable, investments, agreements and other assets of The General Council in consideration for our assumption of certain debts and liabilities of The General Council. As a corporation, AG Loan Fund maintains independent books and records and has annual audited financial statements.
What is APY and how does it differ from APR?
APY stands for Annual Percentage Yield. APY is the rate you will earn if the interest is applied to the principal balance and compounded.
What are premium rates?
Premium rates are available to clients who have an aggregate investment of $250,000 in AG Loan Fund.
Do I have to be an Assemblies of God member?
In most states, any resident can invest and AG affiliation is not required. Please refer to the Offering Circular for state specific requirements for Alabama, Arizona, Arkansas, California, Idaho, Kansas, Kentucky, Oklahoma, Pennsylvania and South Dakota. AG Loan Fund Investments are not currently offered to residents of Pennsylvania and Washington, D.C.
Does the Assemblies of God keep any of my money?
There is no gift component to AG Loan Fund Investments.