Budgeting is rarely fun. Having to watch every dollar can be tiresome, though often necessary. However, when it is not your own money, it becomes critical. The Finance Committee is charged with overseeing the church’s budget and ensuring every dollar is maximizing the church’s mission and ministry. Earlier this year, a unique opportunity was presented to further our mission impact in the local community.

Self-Help Credit Union contacted our own Matt Rollins to explore opportunities to partner with First Baptist. Self-Help is a non-profit credit union headquartered in Durham, NC, with branches throughout the southeast, including Greenville, and over $1.7 billion in assets. Their focus is on supporting individuals, families and businesses that often are left out of normal banking channels.

They provide competitive interest rates for deposits and participate in a national credit union program similar to the FDIC program that banks utilize, ensuring deposits are Federally insured. You can learn more about them through their website: self-help.org.

Matt contacted the Finance Committee to explore the potential of our church financially participating. After due diligence was completed by a Finance sub-committee and church staff, the Finance Committee unanimously voted to reduce our holdings at a bank with whom we currently work and deposit $250,000 with Self-Help Credit Union.

This month the Credit Union’s SC President, Kerri Smith, sent us the following email:

“We have pre-qualified a Homes of Hope client to purchase the home she has lived in for the past 8 years. She is a single mom that came to Homes of Hope from a shelter. It is because of the generous deposit with us that helps make this possible for her.”

This type of news makes counting every dollar a little less of a chore and a whole lot more rewarding.

Warmly,

Roy Janse and Lora Johnstone, Finance Committee Members

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