Loan Deposit Program

Is the LDP unique to the Archdiocese of Detroit?

No. Many dioceses in the United States rely on internal, benevolent depository programs like the LDP in which depositors, including parishes, schools, and other Catholic entities, earn interest on their savings, while having access to capital through loans from the same source. These diocesan programs enable better diocesan financial management and limit the exposure of individual parishes and schools to commercial lenders.