Having been a banker for more years than I like to admit, I have seen my share of changes in the financial world. There have been more in the past ten years than ever before. The reason? Technology. [read more]
As a church treasurer, I often find myself immersed in tax and legal issues that affect church finances. When I came across this one, I thought I’d better give our readers a quick update.
One response to economic changes of the past few years has been increased concern at some ministries about the safety of their deposits. Increasing the federal deposit insurance limit to $250,000 helped ease some of that concern. Recently passed legislation may ease that tension a bit more. [read more]
“When will the church and ministry lending market return to normal?”
That’s one of the most common questions we heard at the recent NACBA conference in Orlando. Some ministry leaders are concerned about finding financing for their next project. Others are wondering whether they’ll be able to renew their existing loans. [read more]