Atlanta Bethany UMC - Reducing Debt and Enhancing Ministry
By Rev. Jun Namkoong
Pastor of Atlanta Bethany UMC, Sugar Hill
Atlanta Bethany UMC was founded in 1997. In 2002, the Church took out a loan to construct a multipurpose building. Our challenge was that the original lender would not refinance our existing loan. Although we were searching, we did not have much time to find a new lender.
Our goal was to reduce the interest rate and mortgage payment. Rev. Hyo Kim, The North Georgia Conference Korean/Asian Church Development Consultant and Pastor of Rock Springs UMC, recommended the Church consider refinancing our loan with the Georgia United Methodist Foundation. It was God’s blessing to have the Foundation step in.
The loan from the Foundation has considerably eased the Church’s financial burdens. Our interest rate decreased to 4.50%, and as a result, it reduced our mortgage payment by $1,500 each month. The Foundation has helped with the Church’s ability to pay apportionments, pastor benefits, and mission outreach. The Church can now focus on being a more vital congregation and serving our members and community through Vacation Bible School, our homeless ministry, prayer meetings, Bible studies, and worship services.
QUESTIONS? CONTACT GUMF.
|James "Jim" F. Pope
Director of Lending