Not only does the Rocky Mountain Synod 3E program receive funds from Lilly Endowment, but so does the Evangelical Lutheran Church in America (ELCA). The Lilly funds ELCA receives are generously matched by a donation from the ELCA Mission Investment Fund. With those funds, the ELCA deploys a program called Resourceful Servants.
Here is what you need to know as it relates to your Savings Account.
Beginning August 18th, 2020, rostered ministers are eligible to apply for the Resourceful Servants “Emergency Savings” savings match program if they are serving a call or are on leave from call and have less than six months’ income in emergency savings.
The program will match contributions to a dedicated savings account with the ELCA Federal Credit Union dollar for dollar up to $50 per month, for a period of up to two years. At the end of the program, rostered ministers who have taken full advantage of the match will own a savings account containing $2,400.
Limited funding is available. The qualification & application period begins on August 18th and closes on October 15th. Selected recipients will be notified by November 2nd.
Interested in building up your Savings Account? Complete the Financial Wellness Assessment to check your eligibility. If eligible, you will continue to the online application form.
Questions that 3E might be able to address? Contact us