“Over the last few weeks, there has been daily news of turmoil in the financial markets and instability in many financial institutions. Many of you have called our offices to inquire as to the safety and stability of your investments. I would like to address these issues in this letter.” Read more now...
Posted on: September 23, 2008
The Internal Revenue Service has issued final regulations on 403(b) plans that generally become effective on January 1, 2009.
AG Financial Solutions wants to partner with AG churches, schools and affiliated ministries to comply with these new regulations and avoid any taxation penalties.
Posted on: September 23, 2008
Due to the current economy, some lenders have cut back on providing loans to churches. But with over $1.6 billion in loans, AG Financial Solutions' strong capital base allows us to offer competitive rates and flexible borrowing limits on a variety of loan types.
Posted on: September 23, 2008
There is minimal impact on AGFS. Banks in trouble have been involved in high-risk lending, such as real estate mortgages, sub-prime lending, etc. AGFS has very high standards for lending to protect our investors and does not participate in personal mortgage loans. AGFS is also different because the returns paid to our customers on fixed rate investments are primarily dependent on yield from church loans and not on equity market appreciation.
