Dear New Life Family,
We want to share an important financial update and also give praise for God’s continued faithfulness and provision. Recently, our Finance Team became aware of an increase in the interest rate on our church mortgage. While we were surprised by this change, the Lord had already positioned our church in a place of financial stability and wisdom through careful stewardship over the years, as well as through the faithful giving, generosity, and servant hearts of our church family.
At the time of the increase, the remaining balance on our mortgage was approximately $67,000, and by God’s grace, we had also built our emergency fund/savings to approximately $67,000 through faithful giving and wise financial management. After prayerful consideration, the Finance Team made the decision to pay off the mortgage in full rather than continue under the increased interest rate.
Praise God — our church is now mortgage free!
While we rejoice in this tremendous blessing and milestone, paying off the mortgage has temporarily depleted much of our emergency reserve fund and operating savings. In the months ahead, we will begin rebuilding those reserves using what would have been our monthly mortgage payments.
We ask that you continue praying for our leadership and Finance Team as we seek the Lord’s wisdom, guidance, and discernment for the future. This is an exciting season as we celebrate God’s faithfulness and look ahead to future growth and ministry opportunities, while also remaining committed to wise and careful stewardship.
If you feel led to support the rebuilding of our emergency reserve fund, we would be deeply grateful for your partnership and prayers.
Thank you, church family, for your faithfulness, generosity, and trust through the years. We give God all the glory for what He has done and all He will continue to do through New Life.
With Love and Gratitude,
New Life of Currituck Finance Team
“Now to him who is able to do immeasurably more than all we ask or imagine, according to his power that is at work within us, to him be glory in the church and in Christ Jesus throughout all generations, for ever and ever! Amen.” Ephesians 3:20-21 (NIV)
If you feel led to give toward the rebuilding of our emergency reserve fund, you may do so through the offering boxes at the back of the sanctuary, the church app, website, or by scanning the green giving card. As always, all tithes and offerings first support the church’s regular monthly operating expenses, with remaining funds helping rebuild our emergency reserves.