Financial Services Archives - Church Executive


FINANCIAL RESERVES:

  Does my church really need them? From Thrivent Church Financing We talk to church leaders every day. Our team understands your concerns about meeting your ministry’s needs today and tomorrow. We’re going to set out to convince you that saving for a “rainy day” is being a good steward — and generous and wise […]

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The downsides of borrowing from your 403(b)

By Colin Nass, CFP®, AEP®, RICP® You have been saving for retirement and your account has been growing steadily. Maybe your employer provides an annual matching contribution that has been a great incentive to build up your 403(b) or 401(k) retirement account — and with favorable interest rates and investments, it has turned into a […]

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3 churches, 1 challenge

  Third-party ministry accounting, payroll services can be a Godsend for church leaders who are overwhelmed, uncertain — or both By RaeAnn Slaybaugh  Change is hard — but does it need to be?  Surprisingly, if we’re talking about outsourcing your church’s financial systems and processes, the answer is no.  At least, that’s what these three […]

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Ready to refinance?

Consider these in-the-trenches, professional perspectives   Church Executive: With interest rates as they are, is it still a good time to consider refinancing? Charity Kuehn: Every situation is a little different. There will be times when you’ll be forced to refinance during a higher-interest-rate environment because your loan comes due. If so, there are lots […]

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Weighing the cost of waiting

  By Chris Lewis Over the last year, a dramatic shift in interest rates has served to stall a large portion of refinancing efforts. The difference in the rate a church is currently paying, and the existing market rates, is substantial in many cases. This is creating an appropriate pause in ministry refinancing because the […]

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BETTER TOGETHER: Why working with a team yields better building project results

A major building project is something typical pastors undertake only once or twice in their careers, if ever. Many potential pitfalls loom without the right guidance, and far too many pastors are essentially “flying blind” when they start out. It can even lead them to burnout … and leaving their churches behind. To this end, […]

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In for a penny, in for a pound

  By RaeAnn Slaybaugh After more than a decade meeting in a school, and then in a leased warehouse, Faith and Victory Church in Auburn, Wash. — a suburb of Seattle — was enjoying significant growth: 30 percent, year over year, for several years. The need for a more permanent (and suitable) church home was […]

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Growing out, growing smart

BILL AANESTAD / EXECUTIVE PASTOR / ORCHARD CHURCH / MURRIETA, CALIF. By RaeAnn Slaybaugh  As Executive Pastor Bill Aanestad and his team at Orchard Church neared completion of their construction project, they were looking for a long-term fixed-rate loan. With interest rates on the verge of a sharp increase, they wanted something predictable. Something manageable.  […]

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An intro to estate planning

  For ministry leaders, ‘estate planning’ isn’t a priority; plus, a lot of misconceptions surround the process.  To ensure your wishes are carried out and to protect your loved ones, it’s crucial to have a deeper understanding of what estate planning involves — and to get started now, while you can make the best possible […]

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Fiscal training for your trustees – what they need to know

By Rev. Dr. Perry J. Hopper For any church to effectively carry out its ministry to faithfully serve God, it needs many lay leaders and volunteers with diverse gifts. All believers are called to be servant leaders, including the pastor and ministerial staff.   While the pastor is often the most visible servant in most […]

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