By Rev. Dr. William H. Foster, Jr. Financial transparency is essential to the long-term health of any organization. In profit-driven businesses, financial oversight supports revenue growth and shareholder confidence. In churches, however, it is more than a financial best practice — it is a spiritual discipline rooted in stewardship, accountability and trust. Those entrusted with […]
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By Ania Norori “The plans of the diligent lead to profit as surely as haste leads to poverty.” (Proverbs 21:5,NIV) This scripture, attributed to Solomon, is as true now as it was when it was written thousands of years ago. Every week, pastors minister to their congregations spiritually, but many are silently aware of church […]
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A panel of financial professionals — who serve churches every day in the areas of lending, banking, accounting and financial technology — offers practical insights and strategic guidance to help your ministries thrive. Q: What’s one piece of advice you’d give to a new church administrator stepping into financial leadership? Sandy McClure: Evaluate where you […]
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How the Church of Eleven22 found a true banking partner for its expansion plans By Jeremy Moore After The Church of Eleven22 launched in 2012, leadership quickly found out how challenging it could be to find a banking partner that understands the needs of religious institutions. True, its early requirements were fairly basic. But […]
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By Angela Park In today’s fast-paced world, we use technology in almost every area of our lives. So, it makes sense to use technology to manage our personal finances. With the correct tools and skills, it has become easier for anyone to manage their money with an online program or mobile app. Using technology […]
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Ensure that your church’s bank deposits are safe…no matter which bank you use! By Mike Batts, CPA Remote work is still a strong force after the COVID-19 pandemic, with many businesses allowing their employees to work remotely. Remote work’s lingering reality has significantly reduced the demand for commercial office and business space. The resulting increase […]
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By Rev. Earl Thorpe, Ph.D. We often consider retirement the end of a person’s vocational journey. But if, as Shakespeare wrote, “all the world is a stage,” retirement might just be the end of the first act in a clergyperson’s calling and the beginning of the second act in their life of service. While many […]
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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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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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How to protect your church’s data — and your own By Sharon McDowell Whether we realize it or not, social media is a double-edged sword. Platforms such as Facebook, Instagram and LinkedIn, among others, have become an integral part of our daily lives, and a valuable tool for churches to engage with their congregations and […]
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