{"id":5130,"date":"2020-03-20T11:17:25","date_gmt":"2020-03-20T15:17:25","guid":{"rendered":"https:\/\/www.disciplescef.org\/blog\/?p=5130"},"modified":"2021-01-04T11:19:11","modified_gmt":"2021-01-04T16:19:11","slug":"dcef-announces-loan-payment-deferral-plan","status":"publish","type":"post","link":"https:\/\/disciplescef.org\/blog\/dcef-announces-loan-payment-deferral-plan\/","title":{"rendered":"DCEF Announces Loan Payment Deferral Plan"},"content":{"rendered":"<p>The disruption caused by the coronavirus (COVID-19) extends well beyond its primary health concerns to virtually every aspect of daily life including, but not limited to, economic impacts for individuals and congregations. Disciples Church Extension Fund (DCEF) understands that many churches will have trouble meeting their various financial obligations during this time of uncertainty. The inability to meet for worship and diminished congregational giving are the primary causes, along with loss of jobs in the economic slowdown.<\/p>\n<p>Our goal is always to work with our congregational partners to benefit our shared mission. To respond with immediate assistance to congregations, DCEF will provide to <a href=\"https:\/\/disciples.org\" target=\"_blank\" rel=\"noopener noreferrer\">Disciples<\/a> congregations a two-month deferral of <a href=\"https:\/\/www.disciplescef.org\/borrow\/\" target=\"_blank\" rel=\"noopener noreferrer\">loan<\/a> payments beginning with payments due April 1, 2020 through May 31, 2020. During this time, interest will accrue, but you will not be charged any late fees.<\/p>\n<p>Due to the short timeframe before we draw payments from most accounts, the deferral on loan payments will take place automatically on all DCEF loans to congregations. This means there is nothing you need to do at this time to start the deferral. However, we also know that the impact on congregations will be different and, should your preference be to continue your regular payments, you may do so. If your preference is to continue payments please give us a call at 1-800-274-1883 or send an email to <strong><a href=\"mailto:loans@disciplescef.org\" target=\"_blank\" rel=\"noopener noreferrer\">loans@disciplescef.org<\/a><\/strong>. If we collect your payments automatically from your checking account or DCEF Investments, we need to receive your notification by March 27, 2020.<\/p>\n<p>In times of crisis like this, we need to be working together for the good of all. Our prayer is that this deferral of loan payments will provide funds for your congregation to continue ministering to your flock and helping to meet the needs of people in your community.<\/p>\n<p>May God\u2019s blessings and love continue to surround you and your ministry to others.<\/p>\n<p><a href=\"mailto:rreisinger@disciplescef.org\" target=\"_blank\" rel=\"noopener noreferrer\">Erick D. Reisinger<\/a>, President<br \/>\nDisciples Church Extension Fund<\/p>\n<h2>Regarding DCEF\u2019s Loan Payment Deferral Plan, here is a brief summary of <span class=\"markpz8wh6tny\" data-markjs=\"true\" data-ogac=\"\" data-ogab=\"\" data-ogsc=\"\" data-ogsb=\"\">what<\/span> <span class=\"marki2zoi3q51\" data-markjs=\"true\" data-ogac=\"\" data-ogab=\"\" data-ogsc=\"\" data-ogsb=\"\">you<\/span> <span class=\"marks6jyeicov\" data-markjs=\"true\" data-ogac=\"\" data-ogab=\"\" data-ogsc=\"\" data-ogsb=\"\">need<\/span> <span class=\"markxo9sbomho\" data-markjs=\"true\" data-ogac=\"\" data-ogab=\"\" data-ogsc=\"\" data-ogsb=\"\">to<\/span> <span class=\"mark5fbctz0g4\" data-markjs=\"true\" data-ogac=\"\" data-ogab=\"\" data-ogsc=\"\" data-ogsb=\"\">know<\/span> <span class=\"marknpqskmj28\" data-markjs=\"true\" data-ogac=\"\" data-ogab=\"\" data-ogsc=\"\" data-ogsb=\"\">or<\/span> <span class=\"mark53thpc7gj\" data-markjs=\"true\" data-ogac=\"\" data-ogab=\"\" data-ogsc=\"\" data-ogsb=\"\">do<\/span>:<\/h2>\n<ul type=\"disc\">\n<li><strong>If <span class=\"marki2zoi3q51\" data-markjs=\"true\" data-ogac=\"\" data-ogab=\"\" data-ogsc=\"\" data-ogsb=\"\">you<\/span> want <span class=\"markxo9sbomho\" data-markjs=\"true\" data-ogac=\"\" data-ogab=\"\" data-ogsc=\"\" data-ogsb=\"\">to<\/span> defer <span class=\"marki2zoi3q51\" data-markjs=\"true\" data-ogac=\"\" data-ogab=\"\" data-ogsc=\"\" data-ogsb=\"\">you<\/span>r loan payments<\/strong> for two months (April and May loan payments), <strong><span class=\"marki2zoi3q51\" data-markjs=\"true\" data-ogac=\"\" data-ogab=\"\" data-ogsc=\"\" data-ogsb=\"\">you<\/span> <span class=\"mark53thpc7gj\" data-markjs=\"true\" data-ogac=\"\" data-ogab=\"\" data-ogsc=\"\" data-ogsb=\"\">do<\/span> not <span class=\"marks6jyeicov\" data-markjs=\"true\" data-ogac=\"\" data-ogab=\"\" data-ogsc=\"\" data-ogsb=\"\">need<\/span> <span class=\"markxo9sbomho\" data-markjs=\"true\" data-ogac=\"\" data-ogab=\"\" data-ogsc=\"\" data-ogsb=\"\">to<\/span> <span class=\"mark53thpc7gj\" data-markjs=\"true\" data-ogac=\"\" data-ogab=\"\" data-ogsc=\"\" data-ogsb=\"\">do<\/span> anything.<\/strong> The deferral is automatic.<\/li>\n<li><strong>If <span class=\"marki2zoi3q51\" data-markjs=\"true\" data-ogac=\"\" data-ogab=\"\" data-ogsc=\"\" data-ogsb=\"\">you<\/span> want <span class=\"markxo9sbomho\" data-markjs=\"true\" data-ogac=\"\" data-ogab=\"\" data-ogsc=\"\" data-ogsb=\"\">to<\/span> continue <span class=\"markxo9sbomho\" data-markjs=\"true\" data-ogac=\"\" data-ogab=\"\" data-ogsc=\"\" data-ogsb=\"\">to<\/span> make loan payments, please send an email<\/strong> <span class=\"markxo9sbomho\" data-markjs=\"true\" data-ogac=\"\" data-ogab=\"\" data-ogsc=\"\" data-ogsb=\"\">to<\/span> <a href=\"mailto:loans@disciplescef.org?subject=\" target=\"_blank\" rel=\"noopener noreferrer\" data-auth=\"NotApplicable\"><strong>loans@disciplescef.<span class=\"marknpqskmj28\" data-markjs=\"true\" data-ogac=\"\" data-ogab=\"\" data-ogsc=\"\" data-ogsb=\"\">or<\/span>g<\/strong><\/a>\u00a0<span class=\"marknpqskmj28\" data-markjs=\"true\" data-ogac=\"\" data-ogab=\"\" data-ogsc=\"\" data-ogsb=\"\">or<\/span> call 1-800-274-1883 by March 27.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The disruption caused by the coronavirus (COVID-19) extends well beyond its primary health concerns to virtually every aspect of daily life including, but not limited to, economic impacts for individuals and congregations. Disciples Church Extension Fund (DCEF) understands that many churches will have trouble meeting their various financial obligations during this time of uncertainty. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[32,1,2],"tags":[27,26,29,30,28],"acf":[],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DCEF Announces Loan Payment Deferral Plan - COVID-19<\/title>\n<meta name=\"description\" content=\"To respond with immediate assistance, DCEF will provide to churches a 2-month deferral of loan payments beginning with payments due April 1 through May 31.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/disciplescef.org\/blog\/dcef-announces-loan-payment-deferral-plan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"DCEF Announces Loan Payment Deferral Plan - 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