High Interest Deposits

In cooperation with the Southern Union Conference Association we are able to provide access to the Southern Union Revolving Fund (Surf).

Southern Union Revolving Fund (SURF)

If you are interested in the Southern Union Revolving Fund or already have an account and need certain actions performed by us please contact us directly instead of contacting the Southern Union.  Call 407-644-5000 ext. 2242 Andrew or  ext. 2245 Aletha.  We can assist you with the following:

Southern Union Revolving Fund, Inc. (SURF)

The Southern Union Revolving Fund offers members of the Seventh-day Adventist church the opportunity to invest money with the  Southern Union Revolving Fund while earning competitive interest rates.

Since its inception in 1982, tens of millions of dollars have been invested in this fund by churches and/or members of the Florida Conference. This has made it possible for our churches and schools to borrow at reduced rates, resulting in enormous savings in bank fees and interest.

By financing through the Southern Union Revolving Fund a church or school can obtain lower interest rates than can be obtained through commercial entities.  Please contact us to determine how much interest could be saved when borrowing funds for your church or school.

What is the interest rate and how is it paid?

Currently, interest earned is 1.25%.  Interest is paid to you by check at the end of each quarter or you can reinvest the interest with the Revolving Fund.

Are my funds safe?

Loan policies have kept problems to a minimum. In addition, the Revolving Fund provides safeguards to cover any loan repayment problems.

What happens with my investment in the Revolving Fund?

The money is used to make loans to:

Seventh-day Adventist churches

Seventh-day Adventist schools

Certain other qualifying Seventh-day Adventist institutions.

Thanks to these investments, we are able to offer lower-interest financing to churches and schools in the Florida Conference. These funds can be used to upgrade existing facilities, build new ones, or purchase others.

The Revolving Fund can lend to churches and schools only if there are sufficient investments in Surf by the constituents of Florida Conference.

How may I participate in the Revolving Fund?*

You have three choices:

  1. Enter into a revocable trust agreement with the Florida Conference Planned Giving and Trust Services department and request that your monies be invested in a Revolving Fund Note.
  2. Purchase a Revolving Fund Note directly through the Planned Giving and Trust Services department.
  3. Your church and/or school may invest in a Revolving Fund Note through the Planned Giving and Trust Services department.

*Revolving Fund accounts can be opened with a minimum investment of $1,000.

How Accessible Is My Money?

Although your money is in a 90-day Demand Note, generally a portion or all of your funds may be withdrawn without penalty by a notice in writing provided at least two weeks before the withdrawal date.  Interest is paid to the day of withdrawal.

Because monies are for building and acquisition loans or major capital improvements long-term investments are necessary. However, we do recognize that circumstances change and emergencies arise.  Therefore, a portion of the assets in the Revolving Fund are reserved for withdrawals.

This provision is expressly stated in the bylaws of the Revolving Fund and is in accord with the North American Division of Seventh-day Adventists Working Policy.

This notice is neither an offer to purchase nor a solicitation of an offer to sell any of these securities. The Exchange Offer is made solely by an offering circular which is available upon request.

To learn more about the Southern Union Revolving Fund (SURF) please visit www.susdagift.com.  Click here to contact the: Southern Union Revolving Fund.