FAQ

The principal mission of PBA is to provide mortgage funds to Georgia-Cumberland Conference Seventh-day Adventist churches and schools at a greatly reduced interest rate making it possible for new buildings, either by construction or purchase.

These funds are provided through 90-day renewable notes purchased by you, members of the Seventh-day Adventist Church and denominational entities. This gives you the opportunity to invest your savings, obtaining an attractive interest rate, and having your funds further the growth of God’s Kingdom while maintaining and protecting your savings.

They are not government or privately insured. However, even better, the Georgia-Cumberland Conference guarantees every mortgage PBA provides. The Conference Association, which is the legal arm of the Conference, is a co-signer on each loan. That action is also voted by the Conference Executive Committee. In the almost 59 years PBA has existed, there has never been a default on a loan.

Yes! A portion or all may be withdrawn at any time without penalty; however, please consider these to be long-term investments. Your funds are in a 90-day demand note. In most cases, we can write you the check the same week that you request the funds. If your request is over $50,000 we would ask that you give us two weeks’ notice before you need those funds. Again, please consider your investment as a long-term savings rather than a checking type account. Your funds are financing churches that have loans up to 15 years. PBA recognizes that circumstances change and emergencies arise. We will work closely with you if that need arises. Interest is paid to the date of withdrawal.

When you save money with the Professional & Business Association Fund, you participate in the mission of the church by assisting congregations to build or buy their facilities, all the while retaining your savings and earning a good interest rate. In addition, whenever PBA realizes any excess income, it has over the years given those funds to the Conference’s Magabook ministry to be used to provide tuition scholarships for students who work selling books door to door generating Bible studies. Just one more amazing way for you to have your funds further God’s Kingdom.

Your interest rate is a variable one (currently 4%) based upon the current open market rates. This allows us to give mortgage loans to our churches at a +1% difference from your rate thereby giving both you and the church attractive rates. Your interest is simply added to your account twice a year unless you specify those funds be sent to you by check. Statements are mailed along with a 1099-INT form.

Seventh-day Adventist Individuals and entities may join and invest by simply completing the online application or filling out and mailing the downloadable form found on this site and sending it with a check to the address indicated. The minimum amount to open an account is $2,000 with a maximum total of $500,000. Anything over that amount we will need to negotiate a withdrawal agreement so as to not affect the PBA cash flow.

Absolutely! God’s Spirit is growing churches in Georgia-Cumberland at a rate never seen before. It is because of PBA investor funds, churches and schools can meet their facility needs. Some of them would have a very difficult time doing so if they had to rely on the commercial banking market to obtain their loans. You joining PBA makes you a partner in the furthering God’s mission.