The Baptist Foundation of Oklahoma

By Jerry Vaughan
Senior Vice President, Church Services

The Foundation’s Church Building Loan Investment Fund has become the investment of choice for many Baptist churches across the state of Oklahoma. And for good reason. The CBLIF has traditionally paid above market rates on deposits in the fund and has provided a way for churches to invest in the ministries of other churches by providing funds the Foundation can loan through its Church Building Loan Program. And none of that is going to change.

But, the investment structure of the CBLIF is going to change. Effective January 1, 2011, the Foundation will offer CBL Term Investments with four investment options from which to choose. Along with the existing monthly option, there will now be an option to invest for six months, one year and two years. And the rates offered will continue to be better than can be earned on traditional bank CD’s and money market accounts. This new format will give investors the flexibility they desire in structuring deposits that will meet their needs in an ever changing financial world.

A new account can be opened anytime during the month during normal business hours of the Foundation. This means the church’s money can begin working immediately, not only for the church, but for the churches looking to borrow money from the Foundation for expansion of their ministries. It is truly a win-win combination… great rates and providing for the expansion of ministry.

"Chisholm Heights Baptist Church wants to be good a steward of its money. We believe we have a responsibility to support Southern Baptist churches," said Scott Badgett, associate pastor of discipleship. "With the new CBL Term Investments we can do both. Yes, we are strong supporters of the Cooperative Program, but this is another way in which we can help other churches grow."

If you would like to learn more about our new investment options through the CBL Term Investments, call the Foundation today to see how your money can work for you and other churches. For more information you may call 1.800.949.9988 or email at churchfundsmanagement@bfok.org.