3 Ways to Get the Most out of your Banking Relationship
"The master was full of praise. ‘Well done, my good and faithful servant. You have been faithful in handling this small amount, so now I will give you many more responsibilities. Let’s celebrate together!’”
Matthew 25:21 (NLT)

Churches and banks often relate to each other as consumer and provider. In this kind of relationship, the bank and church have opposite goals. The bank wants to collect as much as possible on loans and pay back as little as possible on deposits. Meanwhile, the church wants to get the lowest possible interest rates on loans and the highest possible dividends on deposits.

There’s nothing wrong with this kind of relationship. But it doesn’t have the creative energy that a real partnership can bring. Here are three ways your ministry can get the most out of your banking relationship.

1. Offering Financial Advice

A bank can be much more than just a service provider. It can be a valued partner and advisor as well.  All of our ministry development officers have years of experience working with churches and ministries. This helps them to offer ministries useful financial help and advice.

For example, some churches have a cash flow shortage during the summer. Their development officer acts as a liaison. He or she represents the church’s situation to the bank’s management.

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