“Churches that nurture the practice of extravagant generosity take seriously the stewardship of the resources entrusted to them by their members. They take extraordinary precautions to protect the integrity of their financial systems by providing proper checks and balances for those who handle money, preparing regular and accurate financial reports for church leaders and for anyone who requests them and furnishing annual audits to appropriate trustees and financial officers. They operate with transparency, knowing that trust is the currency of financial leadership in the church and that confidence in the motives and competence of staff and volunteers is essential to cultivate giving.”
Robert Schnase in Five Practices of Fruitful Congregations (Nashville: Abingdon, 2007) 122.
Today is a historic day for God’s church in Seoul, South Korea. On behalf of Dan Busby, president of the ECFA, and joined by John Van Drunen, VP and General Counsel of the ECFA, I am signing an MOU to extend encouragement and commendation to Korean leaders for the formation of the CCFK, the Christian Counsel for Financial Transparency in Korea, a separate and distinct entity to serve Christian ministries in Korea.
Like the ECFA in the USA, the CCFK will help churches and ministries enhance trust through greater financial transparency and avoid issues that can hinder (and have hindered) the the spread of the gospel. Through the collective commitment of CCFK members to faithful administration, we pray that God’s people will generously participate in God’s work and ministries will be positioned for Kingdom fruitfulness for God’s glory.