The Baptist Foundation of Oklahoma

 
The Foundation initiated its Church Funds Management program in 1995 as a way to give Southern Baptist churches and associations an opportunity to invest funds with the same professional money managers used for the Foundation’s own investment portfolio. Churches across the state have taken advantage of this opportunity to earn greater returns than those provided with traditional bank CD’s and savings accounts.

In 2003 these investment opportunities were expanded to include the Church Building Loan Investment Fund. This is the pool of funds from which the Foundation uses for Church Building Loans. This allowed churches and associations to partner with other churches who borrowed money to expand their ministries. The Church Building Loan Investment Fund became the investment of choice for many Baptist churches across the state of Oklahoma. And for good reason. The CBLIF traditionally paid above market rates on deposits in the fund.

The Foundation replaced the CBLIF with CBL Term Investments in January 2011. This new format offers one month, three month, six month, nine month, one year, and two year investment options.The rates offered continue to be better than can be earned on traditional bank CD’s and money market accounts. Investors have the flexibility they desire in structuring deposits that will meet their needs in an ever changing financial world.

Scott Badgett, associate pastor of discipleship at Chisholm Heights Baptist Church in Mustang, put it this way, “Chisholm Heights Baptist Church wants to be good a steward of its money. We believe we have a responsibility to support Southern Baptist churches. With 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.”

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.

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 visit our website at www.bfok.org or email at jvaughan@bfok.org.

Past performance does not guarantee future results. The CBL Term Investments invest exclusively in the debt of Southern Baptist entities with current income as its lone objective.