At United Church Funds (UCF), we field questions from investors and prospective clients every day. Below, we’ve answered those we hear most frequently — but if you have a question we haven’t addressed, click here to email your question, or call us toll-free at 877-806-4989.
Click on an individual question to view the answer.
Opening a New Account
Adding & Transferring Funds
You may also send funds by wire transfer — we’ll simply need a letter by fax, email or regular mail notifying us of the amount we should expect, the fund(s) to which you want the wired funds credited, and of course your church name and UCF account number. For additional wire transfer instructions, call us at 877-806-4989.
To deposit/withdraw assets from one or multiple funds, send a written request to the UCF Client Services Team by fax at 212-729-2601, email at firstname.lastname@example.org or mail. We will automatically deposit the asset in the designated checking account listed in your New Account Application form.
We only use Electronic Funds Transfer (EFT) through the US banking system’s Automated Clearing House as it offers greater speed and security.
UCF will process requests received by 12:00 PM on any business day on the next business day, with funds credited to your bank account within 24-48 hours. You will receive notification via the method used to submit your request.
No! UCF charges no fees for new investments, withdrawals or transfers. The sole exception: if you request a wire transfer, we do pass along the $25 fee charged by our bank. Wire transfers may be required when churches need funds within a matter of hours.
All withdrawal requests require that you send a letter of instruction via fax, email or mail.
A written request is all we need to either begin reinvesting your account’s quarterly income, or to begin sending quarterly income disbursements to your church. Be sure to include the name and address of your church, your UCF account number, and your instructions. We’ll send notification back to you by the same method used for your request.
Your Account & Online Access
UCF does not maintain signature files.
Please send a written notice by fax, email or regular mail that includes the previous and new address or contact information, along with your UCF account number(s).
To obtain statements that are not available online, call us toll-free at 877-806-4989 or send us an email.
Yes, call UCF toll-free at 877-806-4989 or send an email to email@example.com to setup your online account. Upon completion, visit ucfunds.org and click on Investor Access at the top of the page to enter your log-in information. Online access allows you to view your account, track investment results and income activities, review historical statements and print reports. Your statements will be available on-line three business days after month end. You will receive printed quarterly statements via mail.
About UCF Investments
Because our managers are constantly monitoring and adjusting for shifts in the market, we do not maintain a frequently updated list of holdings. We do, however, publish an annual Schedule of Investments as of December 31.
No, at this time only UCC-affiliated churches and organizations may invest with UCF. For individual investing, you may consider Cornerstone Fund, another UCC-affiliated organization.
For regular investment updates, commentaries from our Chief Investment Strategist and information on performance webinars, please check our Investment Updates page regularly. You may also visit our Performance page to view quarterly reports, and examine the long-term performance of each separate fund on the Investment Funds page.
Every fund manager bears a responsibility to thoroughly review the investments that go into their clients’ portfolios. In this investigative process, known as “due diligence,” the manager seeks to discover material information about securities under consideration either for purchase or sale. United Church Funds investors conduct their own due diligence when they request information about the securities held in UCF’s portfolios: how and where they are held, how much was spent to buy or sell them, how they are valued on an ongoing basis, if they are loaned or encumbered, and so on.
These questions and many others are usually answered in detail in the annual report, audited financial statements and related documents of an organization. The signed auditor’s letter assures that the financial statements provide an accurate picture of the organization’s actual assets, liabilities, fund balances, and cash flows. A schedule of investments will identify the actual securities held as of a certain date by name, stating both purchase cost and market value. Performance statements allow comparison of actual returns with the average return of relevant benchmark indexes over differing periods of time.
Careful due diligence helps to steer responsible investors away from the fraudulent investments and Ponzi schemes that have recently made headlines. United Church Funds are managed in a wholly transparent manner, entrusting hard assets held to a bonded custodian bank for safe-keeping and annually publishing a detailed schedule of investments and audited financial statements. Our experienced staff, Investment Committee and Board of Directors continually engage in the due diligence needed to insure the integrity and professionalism of our operations.
Book value represents your initial investment, any additions to or withdrawals from the account, along with reinvested income (if applicable). The market value represents your account’s actual value on any given day, based on the movements of the stock and bond markets.
UCF works much like a mutual fund — and like mutual funds or any other investment in the stock and bond markets, we do not enjoy federal protection. Only FDIC-insured banks offer guarantees, and then only on checking/savings accounts and certificates of deposit up to federal limits.
UCF offers a Cash & Equivalent Fund, which functions much like a money market account. If your church is interested in a longer-term, fixed-rate type of instrument, we recommend you consider the UCC Cornerstone Fund, which offers CD-type instruments with terms from six months to five years.
About United Church Funds
United Church Funds is dedicated to serving the churches and ministries of the United Church of Christ, and is honored to be entrusted with the management of the denomination’s historic endowments. We believe we offer UCC ministries several distinct advantages —
• a family of 13 funds to meet the range of investment interests
• competitive fees lower than most commercial managers, with no transaction fees
• socially responsible management in keeping with UCC values and objectives (see our Social Responsibility page for more information)
• a not-for-profit structure that keeps costs low
• competitive performance from highly skilled professional managers
In addition, UCF offers trust services to assist churches and donors in the management of endowments and other significant gifts.
Unlike commercial brokers and investment managers, UCF operates as a not-for-profit organization — managing our funds solely for the benefit of our investors rather than for corporate stockholders. We pay no dividends, offer no fat bonuses, and benefit from a volunteer board of directors — highly experienced professionals who seek no compensation for the time they dedicate to their service to UCF (we do reimburse expenses incurred when members travel to board meetings). Each year, we examine our fee structure in light of market conditions, and have actually lowered fees in some years.
Our representatives meet with churches practically every week, and we’d be pleased to discuss a visit to address your particular questions. Give us a call at 877-806-4989 for more information.