Australia's Lutheran community has a financial institution looking after its interests, following APRA's announcement that it has licensed Lutheran Laypeople's League of Australia as an authorised deposit-taking institution.LLL has a full banking licence but its lending activity is limited to the Lutheran Church of Australia and church bodies nominated by the Lutheran Church of Australia. The League has a long history and converted from an association to a company last year. It has around A$27 million in assets.LLL's website promotes its savings accounts with the pitch that "they allow you to earn great interest, while enabling you to support the Lutheran Church of Australia."The savings account rate is currently 2.25 per cent.It says loan funds go towards projects that include the building and fit-out of churches, schools and care facilities.It also facilitates 'giving' through services such as legacies and a direct debt system for church donations.It offers the option of non-interest bearing accounts, which provide an additional benefit to Lutheran projects. And is has a product called matching deposits, which work this way: "Once a project application is approved, the project owner is able to borrow funds from the LLL to the total amount of matching deposits at the low interest rate of 5 per cent."