Who we can serve
In order to purchase any Notes you must be a person who, prior to receipt of this Offering Circular, was a member of, contributor to (including an investor) or participant in the Christian Church or Disciples Church Extension Fund or in any program, activity or organization which constitutes a part of the Christian Church or Disciples Church Extension Fund or in other Protestant church organizations which have a programmatic relationship with the Christian Church or Disciples Church Extension Fund. (“Limited Class”) or such other persons having a reasonable association or affiliation with the Limited Class, such as (1) “family members” (as defined by applicable laws) of persons in the Limited Class, (2) entities controlled by members of the Limited Class, (3) employees of Disciples Church Extension Fund or any of the organizations affiliated with the Christian Church and (4) other reasonably associated or affiliated institutional investors that are nonprofit religious organizations.
Review the Offering Circular
The information on our Web site does not constitute an offer to sell or a request to buy investments. The offer is made only in the Offering Circular. Before making any decisions, you should read the Offering Circular carefully regarding any investment risks.
Sales vary from state to state
Conditions and limitations on the sale of Disciples Church Extension Fund Investment Notes may vary from state to state.
States Where Investment Notes are Available: Alabama, Alaska, Arizona, Arkansas, California, Colorado, District of Columbia, Florida, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maryland, Massachusetts, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Mexico, New York, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Texas, Utah, Virginia, Washington, West Virginia, Wisconsin, Wyoming, and Puerto Rico.
States in which Investment Notes are NOT Available: Connecticut, Delaware, Maine, New Hampshire, New Jersey, North Dakota, Rhode Island, Vermont
The following states require the following additional disclosures which you should read if you live in one of these states:
California Residents: We will notify you approximately thirty (30) days before your Note matures, at which time you will have the opportunity to send us the Note for repayment or notify us of your intention to renew the Note for an additional like term or reinvest the principal balance of the Note in another form of Note then available. If you do not affirmatively elect to renew, reinvest or send us the Note for repayment, your Note will be automatically renewed for an additional like term, provided that we will still honor a request for repayment of your Note without penalty within thirty (30) days after maturity, if you send us the Note and notify us in writing that it was your intention to request repayment at maturity, but failed to because of inadvertence or neglect. California residents will only be able to renew their Note or reinvest in other Notes if we hold a current registration permit in California. We cannot assure you that we will hold these permits in the future.
IT IS UNLAWFUL TO CONSUMMATE A SALE OR TRANSFER OF THIS SECURITY, OR ANY INTEREST THEREIN, OR TO RECEIVE ANY CONSIDERATION THEREFORE, WITHOUT THE PRIOR WRITTEN CONSENT OF THE COMMISSIONER OF BUSINESS OVERSIGHT OF THE STATE OF CALIFORNIA, EXCEPT AS PERMITTED IN THE COMMISSIONER’S RULES.
Louisiana Residents: We are not offering and cannot sell our Flexible Demand Notes or Capital Builder Notes to residents of Louisiana.
Missouri Residents: The Notes have not been registered under the Missouri Uniform Securities Act of 2003 because they are exempt from registration by Section 409.2-201(7)(B), RSMo Cum. Supp. 2003. In making an investment decision, you must rely on your own examination of our organization and the terms of the offering, including the merits and risks involved. The Notes have not been recommended by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not confirmed the accuracy or determined the adequacy of this Offering Circular. It is illegal for anyone to tell you otherwise.
New York Residents: The Attorney General for the State of New York has not passed on or endorsed the merits of this offering. Any representation to the contrary is unlawful.
North Carolina Residents: IN MAKING AN INVESTMENT DECISION, INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE ISSUER AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED. THESE SECURITIES HAVE NOT BEEN RECOMMENDED BY ANY FEDERAL OR STATE SECURITIES COMMISSION OR REGULATORY AUTHORITY. FURTHERMORE, THE FOREGOING AUTHORITIES HAVE NOT CONFIRMED THE ACCURACY OR DETERMINED THE ADEQUACY OF THIS DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
Pennsylvania Residents: The amount of Notes being registered and sold in Pennsylvania is limited to $1,500,000 during each registration period.
EVERY PENNSYLVANIA PURCHASER OF THE NOTES HAS THE RIGHT TO WITHDRAW FROM THE PURCHASE AS PROVIDED BY SECTION 207(M) OF THE PENNSYLVANIA SECURITIES ACT OF 1972. IF YOU ACCEPT AN OFFER TO PURCHASE THE NOTES YOU MAY ELECT, WITHIN TWO BUSINESS DAYS AFTER THE FIRST TIME YOU RECEIVE THIS OFFERING CIRCULAR, TO WITHDRAW FROM YOUR PURCHASE OF NOTES AND RECEIVE A FULL REFUND OF ALL MONIES PAID BY YOU. YOUR WITHDRAWAL WILL BE WITHOUT ANY FURTHER LIABILITY TO ANY PERSON. TO ACCOMPLISH THIS WITHDRAWAL, YOU NEED ONLY SEND A LETTER, TELEGRAM, FACSIMILE OR ELECTRONIC MAIL TO US INDICATING YOUR INTENTION TO WITHDRAW. SUCH LETTER OR TELEGRAM SHOULD BE SENT AND POSTMARKED PRIOR TO THE END OF THE SECOND BUSINESS DAY MENTIONED ABOVE. IF YOU ARE SENDING A LETTER, IT IS PRUDENT TO SEND IT BY CERTIFIED MAIL, RETURN RECEIPT REQUESTED, TO ENSURE THAT IT IS RECEIVED AND ALSO TO EVIDENCE THE TIME IT WAS MAILED. SHOULD YOU MAKE THE REQUEST ORALLY, YOU SHOULD ASK FOR WRITTEN CONFIRMATION THAT YOUR REQUEST HAS BEEN RECEIVED.
The By-Laws of Disciples Church Extension Fund provide for certain indemnification of its officers and directors. It is the position of the Pennsylvania Department of Banking and Securities that indemnification in connection with violations of securities laws is against public policy and void.
A registration statement in connection with this offering has been filed in the offices of the Pennsylvania Department of Banking and Securities, 17 N 2nd St., Suite 1300, Harrisburg, Pennsylvania, 17101. The registration statement contains information and documents not included in this Offering Circular. The documents and additional information are available for your inspection at the Harrisburg, Pennsylvania offices of the Department during normal business hours which are Monday through Friday, 8:30 a.m. to 5:00 p.m. Telephone number: (717) 787-8059.
ANYTHING TO THE CONTRARY HEREIN NOTWITHSTANDING, PENNSYLVANIA RESIDENTS WILL NOT BE PERMITTED TO PURCHASE NOTES WITH A CREDIT CARD.
South Carolina Residents: We are not offering and cannot sell our Flexible Demand Notes or Capital Builder Notes to residents of South Carolina. If we do not pay principal or interest on your Note for a period of 90 days from the date of lawful demand by you, other than by clerical error or administrative oversight, it will be an event of default, unless you waive the default or we lawfully contest the payment. A default on your Note will constitute a default on all of our Notes of the same class issued to other South Carolina Investors under this Offering Circular. Upon default, South Carolina Investors shall have the right to obtain the names and addresses of all South Carolina Investors of Notes in default and by a vote of 25% of these Investors, to declare all defaulted Notes in South Carolina due and payable in full.
Tennessee Residents: The State of Tennessee requires the following special disclosure which you should read carefully if you live in Tennessee:
IN MAKING AN INVESTMENT DECISION INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE ISSUER AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED. THESE SECURITIES HAVE NOT BEEN RECOMMENDED BY ANY FEDERAL OR STATE SECURITIES COMMISSION OR REGULATORY AUTHORITY. FURTHERMORE, THE FOREGOING AUTHORITIES HAVE NOT CONFIRMED THE ACCURACY OR DETERMINED THE ADEQUACY OF THIS DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND THE
APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM. INVESTORS SHOULD BE AWARE THAT THEY MAY BE REQUIRED TO BEAR THE FINANCIAL RISK OF THIS INVESTMENT FOR AN INDEFINITE PERIOD OF TIME.
Washington Residents: As a prospective purchaser, you are entitled to review our financial statements which are included in this Offering Circular. Receipt of a Notice of Exemption by the Washington Administrator of Securities does not mean that the Administrator has approved or recommended the Notes or that the Administrator has determined that this Offering Circular is accurate or complete. It is illegal for anyone to tell you otherwise. The return of your funds to you at the time of maturity of your Notes is dependent upon our financial condition.