Lutheran Laypeople's League (LLL)

What is the LLL?

The Lutheran Laypeople’s League (LLL) was established in 1921. Its prime purpose is to assist the Lutheran Church of Australia Incorporated (LCA) in its mission of spreading the Good News of Jesus Christ.

The LLL operates a deposit account system similar to a savings account with any bank or credit union. It provides loans to LCA approved projects at a rate of 5% p.a. and assists in many business, finance and administrative needs of the LCA.
Are your funds secure with the LLL?

The LCA guarantees repayment of all loans, and also indemnifies the LLL against any loss in the event of a default. Other funds are placed in secure investments only. The LLL does not speculate in shares or property. In addition, the LLL uses Reserve Bank regulations for Authorised Deposit Taking Institutions as a guideline to maintain its Capital Adequacy ratio to ensure ongoing viability, and to assist in safeguarding depositor’s funds.
Earmarking of Deposits

When money is deposited with the LLL, depositors can instruct that their funds are to be used for a specific project. In the case of St John’s, earmarking of deposits will enable all supporters to pool resources in support of the school. Whilst your funds are ‘earmarked’ for use by the school, they are still readily available and at call for your own use any time you may need them.

Features of an LLL account

o 4.25% p.a. interest calculated on a daily basis, added May 31 each year.
o No minimum deposit or balance required
o All funds are available ‘at call’
o Periodical payments
o Direct crediting and debiting
o Choice of passbook or Internet access (LLL@Home)
o Fee Free: No Government fees, No account keeping fees, No fees for cheques or transfer requests, No postage charges (Use free LLL reply paid envelopes) No LLL account costs at all!!
o Deposits can be made at the School office.
o Deposits in accounts of Pensioners in receipt of Social Security benefits are not subject to deeming rules, provided they are earmarked to a capital project of the LCA (full details are available from the School office).

Internet Access (LLL@Home)

With LLL@Home you can:
o View account balances
o View transaction history and interest earned
o Request a cheque
o Print statements
o Transfer funds from your LLL account to another LLL account or to a bank account including future dated transactions.

Your support through the LLL will enable St John’s Lutheran Primary School, Jindera to borrow from the LLL at an annual interest rate of 5% which is much lower than borrowings from commercial sources, thereby keeping fees to a minimum.

To open an LLL deposit account, please complete the account opening form and send it to the LLL or to the School office.

Want to know more?

If you would like to know more about this exciting new venture for St John’s, about the LLL or about ways in which you can help, please contact:

The Principal
St John’s Lutheran Primary School,
154 Adams St, Jindera NSW 2642.
Phone: 02 6026 3220 Fax: 02 6026 3289
Email: admin@stjls.nsw.edu.au

The Lutheran Laypeople’s League of Australia Inc
Reply Paid 45, North Adelaide SA 5006
Phone: 08 8360 7200 Fax: 08 8267 1722
Email: info@lll.org.au