Every day, I talk to church leaders who are looking for additional financial support. They’ve grown frustrated with their current loan (or lack thereof). All too often, the conversation becomes an explanation of why a bank isn’t likely to be interested in a project or loan and then a few basic changes to consider for […]
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Supply chain issues. Rising interest rates. A reimagined worship environment. All these factors — and more — are likely to impact church financing now and in years to come. Church Executive: Tell me about your organization and its history working with churches. David Lee: Thrivent has been serving the financing needs of churches for more […]
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By Keith R. Davenport, CFP® With the growing popularity of HGTV and other networks, homeowners are presented with glamorous home makeovers and improvement projects. It all looks beautiful on the screen, but how much will that project cost? And will it increase your home’s value? Let’s look at the realities. At some point, most homeowners […]
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With stained-glass windows and ornate pillars juxtaposing stained concrete and steel, Frontline Church’s downtown Oklahoma City location merges historical beauty with a modern renovated space for the community. By Carla Hinton • Photos by Marcus Wehmuller • Additional reporting by RaeAnn Slaybaugh The transition from house church living room to one of the most […]
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By Colin Nass, CFP®, AEP®, RICP® Your credit score is one of your most important assets. It should be treated with care because it impacts your overall financial health. Your credit score influences how much money you’ll spend on interest and fees. A very good credit score will likely get you the best rates and […]
Read More >By Vincent J. Schera, ACC®, CCP® You’re excited to start a new position, or to accept a new call to a church or organization that you’ve been offered in another city or state. The compensation package is an improvement over what you are currently receiving, and the location seems ideal for you and […]
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For Jamie Barth, accommodating unique insurance requests is pretty common. A large Texas church hosts a Christmas pageant including live animals — camels, lions, a small elephant, and sheep for the manger. The church hires an outside company to provide the animals. The need for separate insurance coverage never occurs to church leaders; it only […]
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By RaeAnn Slaybaugh With rates near historic lows, it makes a lot of sense for a church to consider refinancing its debt right now. Like many houses of worship, Reston Bible Church (RBC) in Dulles, Va., wanted to take advantage of this lending climate while the opportunity existed. In particular, Executive Pastor Bruce Campbell was […]
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At New Life Church of Arkansas, becoming debt-free — while continuing to expand across the state — are co-equal priorities. Here’s how it’s doing both successfully. At the financial helm of one of the nation’s fastest-growing churches — with 18 campuses across Arkansas — Finance Director and CFO Trip Leach has his hands (blessedly) full. […]
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A commitment to consistent financial stewardship — and the guidance of a like-hearted lending partner — enabled Blackhawk Church to set a course for debt elimination. By RaeAnn Slaybaugh For the finance team at Blackhawk Church in Madison, Wisc., solid financial stewardship is a priority. Led by Director of Accounting & Administration Jon Mueller and […]
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