Missional Investing

We are “Methodists Helping Other Methodists!”

The Virginia United Methodist Development Company (DevCo) is a wholly-owned subsidiary of the Virginia United Methodist Foundation (VAUMF). The Foundation is a supporting organization of the Virginia Annual Conference of the United Methodist Church (VAUMC). Both the Foundation and DevCo share a joint staff and a common mission for ministry. 

DevCo fulfills its mission by providing funding for churches to:

a) purchase land

b) build new structures

c) accomplish major renovations or expansions

d) refinance current debt.

Additionally, we consult with church leaders about investments, loans and stewardship.

Founded in 2014, DevCo accepts deposits — similar to CDs — from United Methodist churches and members, and people with United Methodist affiliation in the Virginia Conference. After setting aside 10% as a reserve, the deposits are loaned to churches. All loans are designed for local United Methodist churches or church-related entities within the Commonwealth of Virginia – and may not be used for church operations or personal credit. The Development Company has more than $40 million in assets under management. We currently have more than 40 loans completed or in process, ranging in size from $100K – $13M, and totaling more than $40 million.

When you make an investment with DevCo, you not only earn an excellent return on your money, you are also making a missional investment — providing a church the opportunity to buy an adjacent piece of property for additional parking, build a new sanctuary, open a pre-school in an underserved community, reroof a parsonage, or save the church thousands of dollars by refinancing its mortgage. By lowering the cost of doing these kinds of projects, a church can redirect funds to the community to “open hearts, open minds and open doors”…and it’s all made possible through your investment!

Give us a call at 1-804-521-1150.