Webinar Recording Covers Why and How to Build Cash Reserves
BREA, California—One of many lessons ministries have learned in recent years is the importance of cash reserves—having funds available when you need them. Without adequate reserves, the pursuit of your ministry’s mission may be in jeopardy.
A free webinar recording offered by Evangelical Christian Credit Union (ECCU) can help. It looks at why reserves are so important and introduces you to a process for calculating an adequate cash reserves target for your ministry.
Representatives from hundreds of ministries registered for Cash Reserves: Why you need them. How to build them. and gained firsthand access to cash reserves best practices. Now the webinar recording and a broad range of financial resources are available to everyone. They include: A white paper, online tools, articles, book recommendations, and more.
By watching this webinar recording you can expect to learn:
- What constitutes reserves and why they’re so important for every ministry
- About the process a ministry goes through to set a cash reserves target
- About the struggles and benefits ministries have experienced as they worked to achieve their cash reserve goals
- How an ECCU member ministry builds and manages cash reserves
This webinar recording is relevant for churches and parachurch ministries and is designed to be of value to those staff members who are involved in financial decision-making.
Jim Clark, pastor of business and stewardship with First Evangelical Free Church of Fullerton, presented with David Lee, ECCU ministry development officer, and Mark Jones, ECCU vice president and senior banking consultant.