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Columbia Union Revolving Fund

How to

Manage Your Loan

CURF supplies loans that help Adventist organizations in the Columbia Union do ministry. Loan interest is charged monthly at a variable rate set quarterly by the CURF board. Find everything you need to manage your CURF loan right here.

Loan Draw Schedule Information

CURF will send money to the Borrower according to the Draw Schedule as outlined on the Loan Application. Loan amounts less than or equal to $25,000 must be drawn in full. Draws on loan amounts greater than $25,000 must be rounded to the nearest $1,000 with a minimum of $10,000 per draw. Once a loan is voted and approved by CURF, the first draw of funds must take place within 12 months of being voted or the loan will be cancelled.

Funds can either be sent by mailed check or wire transfer to a bank account as specified in the application. Wire transfers require an additional $12 processing fee for each transfer.

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Loan Interest Rates & Repayment Information

Loan interest is charged monthly at a variable rate set quarterly by the CURF board. Once you start drawing and/or receive the full amount of your loan, you will start accruing interest.

Loan Interest

Loan interest is charged monthly at a variable rate, currently 4.25% per year. The interest rate charged on loans is variable and can be adjusted quarterly by the CURF Board. Borrowers receive monthly Statements at the beginning of each month identifying the amount due. Payments are due on the first of each month.

Repayment Schedule

Once you start drawing and/or receive the full amount of your loan, you will start accruing interest and your first payment will be due the first day of the following month. Your loan Promissory Note and Guarantee specify the amount of and schedule for repayment. All vehicle loans must be repaid in full within five years of receiving the full amount of the vehicle loan.

Pay it off Faster

You can pay more than the monthly amount due shown on your statement in order to pay off your loan faster. CURF will apply extra payments to both the loan interest and principal, which will reduce the amount of interest accrued that you will need to pay on your loan overall. Making timely and early payments can also reduce the amount of interest you will need to pay over the course of your loan.

Not a Borrower Yet?

Is your ministry ready to grow but held back by a lack of funds? CURF is here to help.

Entity Loans

Is your ministry ready for a new home? Does your ministry need some renovations? Are you looking to grow your ministry with some new equipment? CURF is here to help with Entity Loans available to churches and other eligible non-education entities in the Columbia Union.

Institutional Loans

Do you have dreams of growing your ministry, but are being held back by a lack of funds? CURF is here to help with Institutional Loans available to eligible conferences, academies, church schools, colleges and universities affiliated with the Columbia Union.

Vehicle Loans

Are you wanting to purchase a new vehicle but don’t yet have the funds? Is your ministry looking to buy a van to pick-up church members on Sabbath mornings? Are you wanting to reach your community by transporting meals to those in need, but first you need a vehicle? CURF is here to help.