Cash reserves. If you’re like me, your eyes glaze over when these two words are used together. It’s certainly not the most exciting topic. But, what we have found through the current economic downturn is that cash reserves are more important than ever for ministries.
Why do ministries need cash reserves? Consider these actual situations: [read more]
Several months back, the California Credit Union League partnered with the Nevada Credit Union League to produce a series of commercials titled Credit Unions Work. The ad campaign highlighted the benefits of banking with credit unions instead of banks. Some of the benefits they articulated include: [read more]
How do you plan on complying with the new Affordable Care Act provisions? Don’t worry, you’ve got some time to consider it, but it doesn’t hurt to start looking into options now. [read more]
I’ve sat in the executive pastor seat. I know how challenging (even seemingly impossible) it can be to get the rest of the staff, especially your lead pastor, to value the same priorities that you do when it comes to church revenues and expenses.
That’s one of the reasons we developed the four financial priorities model at ECCU. [read more]
I like to scour the Web for posts or articles that might help ministry leaders make wise decisions. Since I work for a credit union, I usually find myself on finance-oriented websites or blogs. But this week I found something compelling on Paul Clark’s blog that I thought churches (I know, I owe non-church ministries a post, too) might want to read. [read more]