FAQs

National Covenant Properties (NCP) is a nonprofit, 501(c)(3) organization affiliated with the Evangelical Covenant Church. NCP provides real estate lending and investment opportunities that support the growth and sustainability of Covenant churches and affiliated ministries.

Funds invested with NCP are primarily used to make loans to Covenant churches and affiliated ministries for real estate and facility projects. These projects are designed to strengthen ministry impact in local communities.

NCP has served Covenant churches and ministries since 1970, supporting long-term ministry growth through responsible stewardship and faith-based investment practices.

Investments are available to members of, contributors to, or participants in The Evangelical Covenant Church, or ancestors, descendants or successors in interest to such persons. Please contact NCP to confirm eligibility.

NCP offers both fixed-rate and demand investment certificates, including options for Individual Retirement Account (IRA) Certificates and Health Savings Account (HSA) Certificates.

Minimum investment amounts may vary by certificate type. Please contact NCP or request an investment packet for current requirements.

Rates are set by the board of directors of NCP. Rates are reviewed and subject to change monthly. Current interest rates are always posted on our website: nationalcovenantproperties.org/investments.

Interest payment schedules depend on the certificate type selected. Details are provided in the offering circular and your Certificate Application.

No. Investment certificates are not FDIC insured or bank deposits. They are investments made in support of NCP’s lending mission. As with any investment, there is risk, including the potential loss of principal. Please see our Offering Circular for more details on the risks associated with investing in NCP.

Yes. NCP offers IRA and HSA certificates. Contribution and redemption rules follow IRS guidelines.

Loans are generally available to Covenant churches and affiliated ministries.

NCP finances a wide range of ministry-related real estate projects, including but not limited to:

• Property acquisition
• New construction
• Renovations and expansions
• Facility improvements

Loan terms and interest structures vary based on project scope, financial capacity, and organizational needs. NCP works directly with each borrower to structure appropriate financing.

Most loans are secured by real estate or other acceptable collateral. Specific requirements are reviewed during the application process.

Timelines vary depending on project complexity and documentation. NCP staff will guide applicants through each step.

Yes. The Real Estate Services team at NCP walks with churches through all steps of their project from site evaluations or facility planning guidance to lease or purchase consultation.

Quick Steps:

1. Log into your online account at nationalcovenantproperties.org to make a current-year contribution.
2. To contribute by mail, send a check payable to National Covenant Properties with a letter including:
   • Your name
   • Account number
   • Contribution year

Important: Contributions received without a clear contribution year will be applied as current-year contributions per IRS Publication 590(A).

How do I redeem a fixed-rate certificate?

Return your signed maturity notice to NCP. If you would like funds transferred directly to your bank, include a voided check.

How do I redeem a variable-rate certificate or demand investment account certificate?

Quick Steps:

1. Log into your online account to submit a redemption request.
2. Or mail a letter of instruction requesting a full redemption or a specific dollar amount.

If you would like funds transferred directly to your bank, include a voided check.

How do I reissue a certificate?

To change the type of certificate (for example, from variable-rate to a five-year fixed-rate):

1. Write a letter of instruction requesting the change.
2. Complete a new Certificate Application under the “Investment Options” section.
3. Mail or email both documents to NCP.

To change the owner of a certificate (for example, from parent to child):

1. Write a letter of instruction.
2. Complete a Certificate Amendment Form with current and new account holder information.
   • Both parties must sign.

If reissuing to a trust, include the required trust document pages.

Joint Owners

How do I add or remove a joint owner?

1. Write a letter of instruction.
2. Complete a Certificate Amendment Form listing current and new owners.
   • Both parties must sign.

If a joint owner has passed away, please include an original death certificate.

Please send an original death certificate along with your contact information. NCP will contact all named beneficiaries with next steps. Death certificates will not be returned unless requested.

Mail all forms, letters, and documents to:

National Covenant Properties
8303 West Higgins Road
Chicago, IL 60631

Our team is here to help.

For Investors: Request an Investment Packet or speak with an NCP representative.
For Churches & Affiliated Ministry Borrowers: Talk with the Real Estate Services Team about your project.

Contact Us:
Phone: 800-366-6273
Email: ncp@nationalcovenantproperties.org