National Covenant Properties Assets Reach Record Level

Post a Comment » Written on April 3rd, 2009     
Filed under: News
CHICAGO, IL (April 3, 2009) – National Covenant Properties (NCP) has reached record highs of $300 million in total assets and $250 million in investments from Covenant constituents, says President Steve Dawson.

For 40 years, NCP has utilized the funds invested by Covenant investors to make loans to Evangelical Covenant Church congregations.

“There has been a significant upswing in NCP investments over the last six months,” Dawson says. Most of that growth occurred in January and February.

Since the first of the year, NCP total assets have increased by almost $6 million, Dawson says. Earnings also continue to be strong, despite the huge decline in the stock market.

“NCP relies on the trust of Covenant investors, and we’re blessed that the economic conditions have not negatively impacted that trust,” Dawson says.

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