Wouldn’t it be nice if we could store our money in a piggy bank so it would be right at our fingertips? But in a world complicated with loans, thieves and online giving, banks are a dire necessity. What are some best practices when it comes to Banking?

 

Should Your Church Consider a Cell Tower Lease?

September 13th, 2016|Comments Off on Should Your Church Consider a Cell Tower Lease?

A sales rep stops by your church office with a simple offer. Your building is ideally suited to be a cell phone tower. The equipment will be practically invisible. If you lease the space to [...]

Use Technology to Keep Staff Safe and Cash Secure

August 1st, 2016|Comments Off on Use Technology to Keep Staff Safe and Cash Secure

How do you deliver ministry funds, like Sunday’s offerings, to your bank? A priest in Chicago learned the hard way that making a weekly trip to the bank is a risk that’s not worth taking. According [...]

Negotiating a Loan and Saving $17,000 Per Month

April 23rd, 2016|Comments Off on Negotiating a Loan and Saving $17,000 Per Month

It isn’t very often that you get to save $17,000 per month for your church. I was able to do just that by refinancing my church’s debt while maintaining a strong local relationship with a [...]

What If Your Bank Closed Your Accounts Tomorrow?

March 15th, 2015|Comments Off on What If Your Bank Closed Your Accounts Tomorrow?

Things don’t always turn out the way we expect. Some call this Murphy’s Law. Sociologists call it the Law of Unintended Consequences. People who work with money have long recognized this. In 1691 John Locke was [...]

Five Questions to Ask Your Banker

December 27th, 2014|Comments Off on Five Questions to Ask Your Banker

What’s on your XP to-do list as the New Year approaches? Year-end giving, for sure. Which is precisely why another item should be on your list. You need to talk with your banker. Why? The annual [...]

You’ve Been Deceived: Three Myths Pastors Believe About Church Giving Technology

November 13th, 2014|Comments Off on You’ve Been Deceived: Three Myths Pastors Believe About Church Giving Technology

It’s hard to spend half a $5 bill. Yet that’s exactly what happens to many churches when givers want to be generous but can’t. For decades, giving in the church remained a familiar process. At [...]

Is Your Church Reaching Its Budget?

September 5th, 2014|Comments Off on Is Your Church Reaching Its Budget?

Would it surprise you to learn that, of the churches recently surveyed by Giving Rocket, only fourteen percent were meeting or exceeding budget? Knowing that churches rely entirely on donations to survive, not meeting the [...]

Purchasing and Financing Existing Facilities Today

June 4th, 2014|Comments Off on Purchasing and Financing Existing Facilities Today

When it comes to managing facilities expansion in most dynamic churches, many people think first of building a brand new facility. But in today’s changing world, there are good reasons a church should seriously explore [...]

Congratulations to GuideStone

March 22nd, 2014|Comments Off on Congratulations to GuideStone

Congratulations to our friends at GuideStone for this significant award!  We are posting this press release as a way to say both "thanks" and "congratulations" to GuideStone---one of our loyal sponsors of our annual XP-Seminar! [...]

Networking—Inside and Outside the Church

August 28th, 2013|Comments Off on Networking—Inside and Outside the Church

Leaders can effectively communicate their mission with people from all walks of life by using several different methods of communication. One of the best ways I’ve found for communicating your message is through networking and [...]

Creating a Way for People to Give Online

July 15th, 2013|Comments Off on Creating a Way for People to Give Online

As a child, I remember my dad placing a check in the offering plate at church on Sunday mornings. As I got older and got a job, I began to be serious about giving and [...]

Mobile Phones and Online Giving

May 31st, 2013|Comments Off on Mobile Phones and Online Giving

With 87% of the U.S. adult population now carrying mobile phones, (52% of them internet-enabled smartphones), people are changing the way they buy things. According to a survey recently released by the Federal Reserve Bank, 15% [...]

Video: Staying on Mission—Adapting to Economic Pressure

March 5th, 2013|Comments Off on Video: Staying on Mission—Adapting to Economic Pressure

ECCU Ministry Development Officer Randy Marsh presented, "Staying on Mission: Adapting to Economic Pressure" at the XP-Seminar in February, 2013. ECCU is a loyal sponsor of our annual XP-Seminar and gives presentations such as the [...]

Digital Giving is Successful Giving

December 5th, 2012|Comments Off on Digital Giving is Successful Giving

In 2009, 38% of surveyed churches declined in giving while 29% showed no change according to the “State of the Plate” report. Yet 33% of the surveyed churches showed an increase in giving during a [...]

When to Finance or Not: Are You Ready For Debt?

December 5th, 2012|Comments Off on When to Finance or Not: Are You Ready For Debt?

The attendance is climbing and the membership is growing. Each Sunday you notice there are fewer empty seats. With three services already in place, you wonder how many more people you can accommodate without having [...]

When to Build or Not: Construction Can Make or Break a Ministry

December 5th, 2012|Comments Off on When to Build or Not: Construction Can Make or Break a Ministry

You have a good problem—your church attendance is growing and you’re busting at the seams. Having found a great location in the heart of your community, your church has purchased some nice land. Suddenly you’re [...]

Renting Versus Buying Your Church’s Facility

December 5th, 2012|Comments Off on Renting Versus Buying Your Church’s Facility

God called you to plant a new church, and you’ve followed His calling. For the last year (or two years or five years), you’ve been renting adequate facilities to meet your congregation’s needs. You have [...]

Liquidity: Managing Ministry Funds During Tough Economic Times

December 5th, 2012|Comments Off on Liquidity: Managing Ministry Funds During Tough Economic Times

Managing ministry funds is a challenging responsibility, especially during tough economic times. In response to this challenge, Evangelical Christian Credit Union (ECCU) has published a number of articles on liquidity in Ministry Banking Today, a [...]

Liquidity: How Much is Enough?

December 5th, 2012|Comments Off on Liquidity: How Much is Enough?

We have all either heard or uttered the phrase, “How much is enough?” and the answer always seems to be, “Just a little bit more!” For ministries, resources are limited. Determining how much liquidity is [...]

How to Look Like a Borrower

December 5th, 2012|Comments Off on How to Look Like a Borrower

One of the most significant events in the life of your church is preparing for a building project. A new building can mean an opportunity to start new ministries and grow those that exist. It means touching more [...]

Handling Cash

December 5th, 2012|Comments Off on Handling Cash

Consider the following scenarios:  (1) A newspaper headline reads: “Sticky Fingered Deacon Pads Wallet with Offering Plate Funds.” Nobody wants this humiliating portrayal of their church to appear in the paper. (2) A senior pastor dreads [...]

Financial Statements Matter

December 5th, 2012|Comments Off on Financial Statements Matter

“What is more, he (Titus) was chosen by the churches to accompany us as we carry the offering, which we administer in order to honor the Lord himself and to show our eagerness to help. [...]

Is Your Data Secure?

December 5th, 2012|Comments Off on Is Your Data Secure?

Think for a moment. Where do you keep information about your congregants or donors? In an Excel file on someone's desktop computer? An Access database housed on your laptop? If someone were to steal your [...]

Cash Reserves: How Much is Enough?

December 5th, 2012|Comments Off on Cash Reserves: How Much is Enough?

We have all either heard or uttered the phrase, "How much is enough?" And the answer always seems to be, "Just a little bit more!" In business, we have also heard the phrase, "Cash is [...]

Cash Recycling: Utilizing Cash Donations Without Compromising Deposit Integrity

December 5th, 2012|Comments Off on Cash Recycling: Utilizing Cash Donations Without Compromising Deposit Integrity

As a financial decision maker, you have many responsibilities and often not enough time to complete them all. In order to manage this never-ending challenge, you frequently look for ways to make processes more efficient. [...]

Cash Equivalents and Alternatives: Reduce the Cash You Keep on Hand

December 5th, 2012|Comments Off on Cash Equivalents and Alternatives: Reduce the Cash You Keep on Hand

If you handle the finances for your ministry, you know how inefficiency can keep you from staying on mission. And if your ministry is growing, you’re aware of the increased demands being placed on staff [...]

Borrowing and the Church

December 5th, 2012|Comments Off on Borrowing and the Church

Borrowing money has become a way of life for many. And credit use raises more than a few questions: what does the Bible say about money? Does church financing have a place in building the [...]

Should Your Church Use Corporate Credit Cards?

December 5th, 2012|Comments Off on Should Your Church Use Corporate Credit Cards?

The church’s credit card bill arrives and you look at it with dread. It has so many charges on it, and you only have five receipts in the folder. You know you’ll have to pester [...]