The LLL (Lutheran Laypeople’s League) is a charitable financial institution that serves the Lutheran Church of Australia (LCA).
Established in 1921, the LLL provides savings accounts with deposits enabling the LLL to provide low-interest loans to approved LCA projects, such as upgrades to Lutheran schools, churches and care facilities around Australia. In the past savings accounts were only available to members of the Lutheran community but are now available to the general public.
The LLL is not a bank and does not offer loans to individuals or non-LCA entities; rather it exists to provide safe and secure savings to its members while continuing to support the mission of the LCA. For a more detailed explanation of how the LLL operates refer to the LLL Notice to Depositors.
The LLL maintains a number of Permanent Funds (also referred to as capital or endowment funds) which provide an annual grant of 5% for ministry purposes. Many areas of the LCA benefit from these funds.
At the request of the General Church Council (GCC) the LLL Board provides the LCA with financial grants to assist particular mission areas of the church.
The LLL assists the LCA in many areas of business and finance. The LLL manages various funds on behalf of the LCA, namely LCA Pension, Provident and Car Grant Funds. In addition, the LLL administers LCA Insurance and LCA Subscriptions on behalf of the LCA.
Lutheran Tract Mission (LTM) is an outreach ministry of the LLL. LTM develops Christian leaflets, postcards, smaller ‘text’ cards and bookmarks. Ordered tracts are distributed throughout Australia and New Zealand.
The LLL provides loans to the LCA for churches, schools, aged care facilities and other associated organisations. The LLL Is not licensed to engage in consumer credit and does not provide credit to non-LCA entities.