How one church helped families secure stronger finances in tough times
When Blackshear Place Baptist Church offered a family finance program, 1,200 people signed up, and trimmed thousands in personal debt.
Read More >Financial Services Archives - Page 19 of 19 - Church Executive
Refinancing debt may free up cash for ministries and missions
One of the most significant stewardship responsibilities for a church is managing debt. Churches weigh the decision to incur debt very carefully, and are typically highly focused on the details of the loan.
Read More >THE CHURCH’S NEW NORMAL: A time to take from the offering plate according to one’s need?
Cross Timbers Community Church decided to take some exciting steps to respond to this current economic season. A few weeks back, Senior Pastor Toby Slough told the church during our giving time that if anyone that day had a need — because being laid off or other financial challenges — that they were welcome to take out of the plate as it passed by rather than give that week.
Read More >A written policy for benevolence maintains records, protects the church
Churches often maintain benevolence funds to assist needy individuals in times of financial crisis. However, these churches may not have enough structure in place to provide essential direction and documentation.
Read More >Business administrators uncertain where the recession is going
Fortunately, most economists don’t think we’re anywhere near a depression — nor are we heading toward one — but they also agree that this recession isn’t going to improve any time soon. This means that church leaders have a greater burden than ever to guide their staff and people, many of whom are feeling the effects of this recession personally.
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