Due to economic conditions over the past few years, ministries have experienced significant fluctuations in giving which, in some cases, has jeopardized their ability to fulfill their missions. Evangelical Christian Credit Union (ECCU) recently presented a webinar that offered a solution to this problem.
“Cash Reserves: Why you need them. How to build them.” explains the importance of maintaining cash reserves. It also shows that doing so can save your ministry from financial hardship and stabilize your financial resources for mission fulfillment.
Determining an appropriate reserves target is also critical and can make the difference between being a ministry that thrives and one that merely survives.
ECCU understands that ministries face many challenges when building adequate
reserves. By viewing this webinar recording, you’ll learn about some of these challenges
and be introduced to a process for building reserves.
To access the webinar recording, visit www.eccu.org/cash-reserves-webinar.