Who we are
and what we do.
COGBF Financial Solutions was incorporated in April 2017, under the Florida 501c.3 Not-for-Profit law. COGBF FS received its 1023 Exempt designation from the IRS 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.
“Remember this: Whoever sows sparingly will also reap sparingly, and whoever sows generously will also reap generously.”
2 Corinthians 9:6 NIV
Our Mission
Our Core Values
Our Staff
How We Thrive
OUR MILESTONES
During the Pandemic
During the pandemic, 2020-2021 increased total assets by 3 million dollars. Currently at $13.2million.
Milestones of 2021
In 2021 we assisted COGBF, Inc. to pay off all outside mortgage debt
In 2021 we started offering Advantage Accounts, with variable rates and no time restrictions, for individuals to establish emergency savings accounts, minor accounts, and rainy day funds.
Milestone of Contributors
In 7 years we’ve serviced a total of 1,448 investment accounts and 76 loans.
What you need to know.
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.
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. The Extension Fund offers competitive rates, 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.
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.
Yes, this is not for profit 501c.3 organization, established under IRS guidelines with legal counsel.
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.
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.