About OPC Loan Fund

Established in 1993, the OPC Loan Fund has helped many OP churches acquire buildings or complete renovations. Perhaps you worship in one of these buildings every Sunday!

The Orthodox Presbyterian Church Loan Fund, Inc. (“Loan Fund”) is a legally autonomous and separately incorporated Delaware nonprofit corporation, established on October 15, 1993, under the supervision of The Committee on Home Missions and Church Extension of the Orthodox Presbyterian Church, Inc. (the “Committee”). As such, the Loan Fund is affiliated with, and was organized solely for the benefit of, the Committee and the members, churches and committees of the Orthodox Presbyterian Church denomination (the “OPC”). The OPC as a denomination has approximately 301 churches and a combined membership of more than 32,700 persons. The Loan Fund is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code and under a group exemption issued by the IRS to the OPC on October 21, 1968 (the “Group Exemption”), and is qualified to receive tax deductible bequests, transfers or gifts.

The primary purpose of the Loan Fund is to act for the benefit of, and assist in, providing financing capital for the construction, remodeling, refinancing, or purchase of church buildings and other projects for OPC churches and other instrumentalities of the OPC. The Loan Fund’s principal activity is operating a church extension loan fund. The need for the Loan Fund arises primarily from the difficulties encountered by OPC congregations in financing capital expansion plans on their own. Long term bank financing can be very expensive, inflexible, and increasingly difficult to obtain. Generally, the high cost of money in the financial markets and the variety of instruments available to bank customers make it more expensive, and consequently more difficult, for churches to borrow money from traditional financial institutions. Additionally, the cost for individual OPC churches to comply with legal restrictions related to raising funds make it desirable to centralize fundraising and loan activities through the Loan Fund to minimize legal and borrowing costs.

Since the Loan Fund is a nonprofit membership corporation, it has no shareholders. The Loan Fund is supervised and directed by a Board of Directors, consisting of six members. The management by the Board of Directors includes the review and supervision of the work of the Loan Fund Manager, periodic updating of the Offering Circular, the review of new loan applications, and the oversight of the overall operation of the Loan Fund. The Directors of the Loan Fund are elected by a majority vote of the Committee at a regular meeting and serve for terms of three years each and until a successor is elected and qualified. These elections are normally held at the June meeting of the Committee. Likewise, Directors’ terms of office will normally expire at that meeting. The Board of Directors reports at least annually to the Committee. No more than three directors shall be non-members of the Committee. Any such directors must be members in good standing of an Orthodox Presbyterian Church.

The directors of the Loan Fund and the year of expiration of their terms, together with their age and principal occupations, are as follows:

  • Gregory S. De Jong ‘25
    Age 63; BA, Calvin College; CFP®; Ruling Elder, Bethel Presbyterian Church, Wheaton, IL; Member of the Committee on Ministerial Care, Orthodox Presbyterian Church; Retired Investment Advisor, Savant Wealth Management, Rockford, IL; Former Principal of Paragon Advisors, LLC, Naperville, IL.

  • J. Kevin Baldwin ‘25
    Age 59; BA, Covenant College; JD, DePaul University College of Law; Ruling Elder, Grace Presbyterian Church, Hanover Park, IL; Member of Presbytery Midwest Church Extension Committee; Member of Orthodox Presbyterian Church Home Missions Committee; Corporate Secretary, General Counsel & Director of Receivership Operations, Office of Special Deputy Receiver, Chicago, IL; Co-Chair of National Association of Insurance Commissioners Receivership Law Working Group.

  • John M. Mauldin ‘24
    Age 78; Associate Degree in Business Administration, Kings College, Charlotte, NC; Ruling Elder, Resurrection Orthodox Presbyterian Church, Matthews, NC; Member of the Committee on Home Missions and Church Extension, Orthodox Presbyterian Church; Retired from Dun & Bradstreet, Inc.
    (1966–2003).

  • The Rev. C. Steven McDaniel, Jr. ‘24
    Age 42; BA, Geneva College; MDiv, Westminster Theological Seminary, Glenside, Pennsylvania; Member of the Committee
    on Home Missions and Church Extension, Orthodox Presbyterian Church; Associate Pastor of Calvary Orthodox Presbyterian Church, Glenside, PA.

  • Sidney O. Smith ‘26
    Age 67; BA, Temple University; Member, Trinity Orthodox Presbyterian Church, Hatboro, PA; CEO of Port Richmond Savings, Philadelphia, PA; CPA

  • John J. Voss, II ‘26
    Age 66; Deacon, Covenant Orthodox Presbyterian Church, Orland Park, IL; Member of the Committee on Diaconal Ministries; Owner and Operator, Keepsake Construction Co., Orland Park, IL, Owner and Operator, Princeton Builders, Inc., Orland Park, IL.

Mark Stumpff

LOAN FUND MANAGER

Mark has worked with the OPC Loan Fund since 2015. He resides in Central Pennsylvania with his wife and four children.

Contact: mark.stumpff@opc.org

215-935-1028

FAQs

  • While it’s true you may find better interest rates with a national bank, we would encourage you to consider the lasting impact your trust in us makes on the church. By supporting the Loan Fund, you are investing in the growth of the OPC!

  • OPC Loan Fund’s securities may only be offered and sold to a limited class of investors in states where OPC Loan Fund is legally authorized to sell its securities. To be eligible to invest, investors must generally be members, contributors or participants in an OP Church or related organizations. Please see the current Offering Circular for more information.