ABOUT OUR COMPANY
COGBF Financial Solutions was incorporated on April 2017, under the Florida 501c.3 Not-for-Profit law. It received its 1023 Exempt designation from the IRS of the United States Treasury Department and operates according to the North American Securities Administrators Association, Inc. (NASAA) Statement of Policy amended April 18, 2004. The Extension Fund was established to assist COGBF churches and Ministries by providing loans for new facilities, renovation, and refinances with investor funds.
COGBF Financial Solutions Extension Fund mission is to ADVANCE the Kingdom of God, EXPAND the foot-print of Church of God by Faith, BUILD excellent facilities and EMPOWER our churches and the people of God
OUR CORE VALUES
BUILD A SOLID FUND
While aligning with our core faith values.
PROVIDE COMPETITIVE RETURNS ON INVESTMENTS
With the tools you need to make your financial goals a reality.
HELP CHURCHES GET TO THE NEXT STEP
With a foundational desire to accelerate ministry growth and personal financial health. We stand ready to join you in your journey for what’s next.
COGBF Financial Solutions Extension Fund is governed by Board of Directors and managed by a capable Team that brings together a diversity of skills including leadership, administration, management, banking, building, and entrepreneurship.
WHAT YOU NEED TO KNOW
Q: What is the process for acquiring a church refinance?
A: A church must submit: a COGBF Financial Solutions application, any required documentation, and meet all criteria established; all of which is available via the website: www.cogbffs.org.
Q: Is COGBF Financial Solutions a not-for-profit organization?
A: Yes, this is not for profit 501c.3 organization, established under IRS guidelines with legal counsel.
Q: How is the Extension Fund different from a bank or credit union?
A: When it comes to making a decision as to which financial institution an individual should choose to entrust his or her money, the “eternal benefits” provided through the COGBF Extension Fund should be kept in mind. Not only does the Extension Fund offer better rates than banks and credit unions, it also uses the investor’s funds wisely. The Extension Fund is building on Kingdom foundations as it assists churches in accomplishing their God-given goals.
Q: Is the Extension fund secure from economic woes?
A: No business or institution is exempt from the risk of failure. Fortunately, our business is Kingdom business, which means God is in control. Secondly, we take our responsibility towards our investors very seriously. This is why we have strict lending guidelines and review each loan application carefully. For a more detailed report concerning the financial status of the Extension Fund, please view our Offering Circular.
Q: Is the extension fund FDIC or NCUA secured?
A: The Extension Fund is not secured by any investment insurance. We rely on the faithfulness of payments from local churches as stated in their signed Promissory Notes. All loans are secured by a first mortgage; naming the Church of God by Faith Financial Solutions Extension Fund as lien holder.
Q: Does the Extension Fund offer retirement services?
A: Yes. We offer Individual Retirement Accounts (IRAs) for both individuals as well as for corporate entities. Rates and terms are the same as normal investments.