A Financial Check-Up Could Benefit Your Ministry
By: Bruce Lund
When was the last time you received an evaluation on your loan portfolio? Is your rate as low as the current rates available on the market?
One of the practices of being a good steward is finding ways to save money. Now might be a good time to refinance your loan and lower your rate and payment. Not only will you save money, but you’ll increase your cash flow. During these difficult times, every dollar counts.
Does it make a difference?
For another church, it was the little things.
Pastor Donald Hay said, “In today's terms, our loan was extremely small. Thanks to our new loan, we will be able to once again focus our attention on fulfilling the call of the Lord to serve our community.”
Understanding your financial partner is equally important.
Plus, with a direct lender, you have the opportunity to obtain competitive rates with minimal fees.
Pastor Robert West Jr. from Hillister Assembly of God said, “It has been a pleasure dealing with an organization that recognizes God and understands the importance of churches and their needs.”
Have these difficult economic times affected tithing with your ministry?
Tithing is a reminder that God is the supplier of everything we have. It is also God’s personal invitation to an outpouring of his blessing in your life. One of the easiest and most effective ways to accomplish this is to automate your giving.
What are the benefits to electronic giving programs?
For example, if your church has 500 to 1,000 attendees, take your top weekly totals, excluding holidays, and compare those with an average week. Donors may also pledge more when making the decision annually, instead of donating based on what is in their wallets each week.
Does it really work?
Bruce Lund is assistant vice president of marketing at ACCU. For more information about Stewardship in Action, visit www.AmericasChristianCU.com.