Supporting Growth of Our Catholic Communities
The Allentown Catholic Beneficial Association (ACBA) mission is to serve as custodian to receive, pool, invest, grow and lend funds temporarily placed with it to fulfill the religious, charitable, or educational needs of participating entities that exercise the ministry of the Roman Catholic Church in the territory of the Diocese of Allentown.
We are an independent Pennsylvania 501(c)(3) Nonprofit Corporation managed by an independent Board of Directors. Based on its bylaws, ACBA operates in accord with the terms and both Pennsylvania law and the Code of Cannon Law of the Roman Catholic Church.
Our efforts have proved beneficial to numerous parishes and schools throughout or region for sound investing and responsible borrowing. Recently funds have been utilized for such purposes as new construction, building expansion and improvements, fully amortizing mortgages, and lines of credit.
In order to support its mission, the ACBA Board has adopted a conservative investment strategy and a robust loan portfolio in order to better serve our clients in the five-county area of the Allentown Diocese. We engage professional investment advisors to develop sound, conservative strategies securing deposits while pooling those deposits to provide loans to other participating, qualified entities in order to support growth of our Catholic communities.
Favorable Rates on
Deposits and Loans
The combination of these efforts allows us to generally provide depositors a higher interest rate than current money market and national certificate of deposit rates. It also enables us to offer lower lending rates than generally available in the commercial market for comparable loan terms. ACBA provides loans with quarterly adjustable interest rates and uses an interest rate spread over its deposit saving rate that varies with the loan term.