 As we all know, God's system is better than any system that the world has in place. Our goal is to help faith-based organizations establish credit unions that will offer banking and financial services to the members of faith-based associations throughout the United States and Worldwide. Benefits include increasing potential tithing, low rate lending for Church expansion as well as special interest rates for Church accounts. Your credit union will consider the member's tithing consistency as a basic show of credit worthiness as well as the traditional credit analysis system. Your members will experience lower loan rates and additional earned interest.
Does your church need to refinance its current building, construct a new building, build an addition, or buy land?
Take a minute to review our Church Financing Services
Your Credit Union will offer savings accounts, checking accounts, certificates of deposit, money market accounts, Individual Retirement Accounts (IRA), automated-teller machine (ATM) services, consumer loans, mortgage loans, home equity lines of credit, auto loans and leases, direct deposit and payroll services initially. Near Future service include investment services through a Broker/Dealer and insurance products such as life, annuities, homeowner's, property and casualty.
As pre-chartering consultants, we prepare all of the necessary documents to charter a new credit union.
Pre-Chartering services offered:
- After you have completed a basic survey, we will prepare a proposal to determine the feasibility of a credit union for your organization.
- We will research grant and sponsor support opportunities to assist with the establishment of your credit union.
- We will prepare your federal charter application and business plan.
- We will oversee the entire process until completion and your credit union is established.
Our services also include:
- Tithing credit procedure training
- Rental space research
- Determining leasehold improvements
- Equipment search and financing options
- Vendor search
- Marketing research and development
- Software establishment and support
Optional services include:
- Payroll services
- Employee hiring
- Employee training
- Accounting Services
- Website development
- And much more...
Ongoing services include:
- Periodic review of operations
- Compliance reviews
- Implementation of new strategies
- Execution of approved expansion projects
Existing Credit Union Services
Is your credit union struggling to attract new members? Are you challenged with the task of increasing deposits to maintain your existence? Or are you simply looking to implement a system that has been ordained by God?
We consult faith-based credit unions on how to increase their membership and deposits by analyzing their current process and offering various solutions. Some of our strategies include implementing a tithing concept that allows the credit union to honor tithing by adding more interest to the members account because they are consistent tithers. Whether it means adding to your current product base or adding a financial planning services division, By His Word will customize a program that works for your credit union.
Contact us via phone or email and request a confidential, one-page survey to see if we can be of service to your credit union.
Email: Information@byhisword.com or 888-271-5499
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Upon Client approval, the credit union will request an applicant's tithing report from his/her church. The members will have the option to supply their own copy of the tithing report. Tithing consistency will not be a requirement for lending. This report will serve as a compliment to the member's current credit score as a show of credit worthiness.
The credit union's elected board of directors will ultimately, determine the tithing acceptance policies. The board will outline procedures for slow payments, repossessions and foreclosures, etc. |
