The LLL (Lutheran Laypeople's League) is a Religious Charitable Development Fund. The LLL exists to serve the Lutheran Church of Australia (LCA) in numerous ways, but especially in aspects of business and finance, and has been doing so since 1921.
The LLL operates Savings Accounts for members and supporters who wish to assist LCA organisations, including Lutheran Schools. Deposited funds enable the LLL to provide low interest loans to approved LCA projects for building and equipping schools, churches and care facilities.
The LLL is NOT a bank. For a more detailed explanation of how the LLL operates, please refer to the "LLL Notice to Depositors" on the website.
The concept of Matching Deposits provides an ingenious way to support a particular project within the LCA and is a unique to the LLL. Approved projects are able to borrow funds from the LLL to the total amount of Matching Deposits at the low interest rate of 5% p.a.
for more information on the LLL and Matching Deposits please click on the following link to access the Lutheran Laypeople's League website.