Banking
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?
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 [...]
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 [...]
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, [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]