ECCU Blog

by Jac La Tour

I may be Ministry Banking Guy, but I’m not Banking Security Guy. That title would rightly belong to information systems expert Alan Weisenberger. So I asked him to write this post because this issue is so timely and important.—MBG

The buzz in the information security world this past week sounds like something straight from the Cooking Channel. Data breaches at four major websites including LinkedIn, eHarmony, music sharing site Last.fm, and gaming site League of Legends have resulted in millions of passwords being compromised. The common element is that “hashed” passwords that weren’t “salted” were stolen from their databases and posted on the internet. Say what? [read more]

by Jac La Tour

“Over the past several years, many churches made the mistake of borrowing everything a bank was willing to lend them. As a result, many ministries are facing the strangling hold of lenders and interest payments. Seek to restructure the debt…and resolve to never again borrow an amount of money that would jeopardize the ministry.” – Joseph  Sangl, Top 10 Financial Mistakes Churches Make

Yeah, that hits a nerve for me. So I would add this to Sangl’s advice: Along with resolving to never allow debt to jeopardize your ministry, align your ministry with a financial partner who cares about your vision as much as you do and will help protect you from such decisions.

Check out the rest of the list at Top 10 Financial Mistakes Churches Make. Has your church bounced back from making any of these common mistakes? How did you recover?

by Jac La Tour

Is it possible that a book which is thousands of years old has insights that can guide investment decisions today? Respected financial advisor Ron Blue says yes.

In a post titled What the Bible Can Teach You About Investing Today , blogger Jeff Mackey writes that Blue, founder and managing director of Kingdom Advisors, says “the old proverbs found in the Bible hold the keys to today’s investment success.” [read more]