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| The disastrous senior center pulled the district into insolvency. |
Luther Quest Author Asks: What’s Going on in Lutheran Church-Canada? – ANO / Lutheran Watch:
"Recently Rick Strickert over on Luther Quest cited my article “LCC East District Board Meeting, March 12-13 2018“. What his article didn’t get quite right was to the timeline of the restructuring events and the current state of affairs. LQ doesn’t allow people with a gmail.com email addresses to register on its site and enable me to correct the record there. Instead I’ve written this article to provide a short overview of the sequence of events from the start of LCC’s restructuring process to the current point in time."
CEF operated that way until the 1990s when it’s Board of Directors (BOD) decided to get into seniors housing as form of ministry. This action was against the CEF mandate to fund churches and schools. Risky real estate development projects was not part of CEF’s mandate to keep depositor money safe and only use it for funding churches and schools.
'via Blog this'
