CHICAGO, IL (July 14, 2011) – A lawsuit that could have ended housing allowances for ministers was dismissed last month in the Federal District Court for the Eastern District of California in Sacramento. Continue Reading »
Posts tagged ‘Finance’
Financial Reports Reflect Generosity of Covenanters
ESTES PARK, CO (June 29, 2011) – The Evangelical Covenant Church recorded a surplus of $21,000 for fiscal year 2010, Treasurer and Director of Pensions Dean Lundgren told delegates during today’s business session of the 126th Annual Meeting. Continue Reading »
Health Insurance Premium Credit Proves Valuable
CHICAGO, IL (May 9, 2011) – Evangelical Covenant churches that have applied for a special tax credit on health insurance premiums have received between $400 and $10,000 from the government, says Dean Lundgren, director of pensions and vice president of finance for the Evangelical Covenant Church. Continue Reading »
May 15 Deadline for Churches Seeking Tax Credit
CHICAGO, IL (May 3, 2011) – Local Evangelical Covenant churches and regional conferences have until May 15 to apply for a special tax credit on health insurance premiums paid during calendar year 2010. Continue Reading »
Health Care Tax Credit Could Help Some Churches
CHICAGO, IL (April 28, 2011) – Some local Evangelical Covenant churches may benefit from a new small employer health care tax credit designed to provide financial relief to qualifying churches that provide health benefits from their denominational benefit program. Continue Reading »
Five-Year Wait for Permanent Home Comes to an End
PALM SPRINGS, CA (April 27, 2011) – After renting space for five years at a local high school, Cornerstone Covenant Church held the first worship service in their new building on Easter Sunday. Continue Reading »
Bethany Benefit Offers Special Open Enrollment Period
CHICAGO, IL (April 5, 2011) – A special mid-year enrollment period has been approved that will allow qualified individuals to apply for medical insurance coverage through Bethany Benefit Service, it was announced today. Continue Reading »
Covenant Pension Plan Recovers from Market Plunge
CHICAGO, IL (March 17, 2011) – The Covenant Pension Plan has made “a truly remarkable recovery” since the market plunge that hit bottom March 9 in 2009, says Dean Lundgren, director of pensions and vice president of finance for the Evangelical Covenant Church. Continue Reading »
Covenant Churches, Retirees to Share $1 Million ‘Surprise’
CHICAGO, IL (March 9, 2011) – Local Evangelical Covenant churches and retirees will be pleasantly surprised to learn that the Bethany Benefit Service medical and dental insurance premium for the month of June has been waived – a move that is expected to collectively save local churches and individuals covered by Bethany $1 million in premium savings. Continue Reading »
Enrollment for Bethany Health Insurance Now Open
CHICAGO, IL (November 5, 2010) – Applications are being accepted from Evangelical Covenant Church pastors desiring to obtain medical insurance coverage through Bethany Benefit Service. Continue Reading »
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