LLL Banking

Who is the LLL?

Peace Lutheran College was established through loans funded by The Lutheran Laypeople’s League of Australia (LLL).

The LLL is a Religous 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 the LCA organisations, including Lutheran Schools. Deposited funds enable the LLL to provide low interest loans to approved LCA projects for building and equiping 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 LLL website.

Matching Deposits

The concept of Matching Deposits provides an ingenious way to support a particular project within the LCA and is unique to the LLL. Approved projects are able to borrow funds from the LLL to the total amount of Matching Depositis at the low interest rate of 5% p.a.

Depositors can still make deposits and withdrawals as normal and funds are still available “at call”.

For more information on the LLL and Matching Deposits, please contact the School Office or visit the LLL wbsite www.lll.org.au

Pick up a package information regarding the LLL from the College Administration Office.