UMC Clergy Financial Well-Being Initiative Priorities

Low-Interest Clergy Debt Refinancing

Many clergy carry burdensome debt, whether from educational or personal expenses, which often hinders their ministries. The Initiative is partnering with annual conferences and United Methodist institutions to create opportunities for low-interest debt refinancing for clergy.

Models of Success: Several organizations have launched successful low-interest debt refinancing programs for clergy:

Iowa United Methodist Foundation’s H.E.L.P. Loans
The HELP Program of the New England Preachers’ Aid Society (guidelines)
The United Methodist Foundation of Western North Carolina
Interfaith Federal Credit Union
The Florida UM Foundation (guidelines)
The North Carolina Foundation Clergy Loan Program
The United Methodist Credit Union ClergyAssist Program
The United Methodist Foundation of Michigan (guidelines)
Contact the Christian Family Credit Union about clergy debt relief loans

Other foundations are in the process of exploring debt refinancing services.

Based on the success of these programs, we encourage other annual conference institutions to consider similar programs. Please contact us to learn how Wespath can support your efforts.

Saving Grace: A Guide to Financial Well-Being

Clergy need access to resources that offer personal, faith-based financial education. That is why the Initiative developed Saving Grace: A Guide to Financial Well-Being. This exciting new partnership between Wespath and Abingdon Press draws on the expertise of United Methodist leaders across the connection through videos, a workbook, a leader guide and devotional materials. With study sessions for both pastors and laity, participants will explore money management from a Wesleyan perspective helping you reach personal financial goals as well as address life concerns. Visit Cokesbury today to learn more about this essential resource for clergy and congregations.