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Your ECCU Church Finance Process

The process of obtaining a church loan with ECCU is straightforward and painless with the proper preparation.

Your ECCU Ministry Development Officer will walk your church through five simple steps. From sharing your vision to funding the loan, the entire church loan process typically takes less than two months and can be accelerated if necessary.

Step 1 - Understanding Your Vision

The first step begins with the introduction of your church's vision to ECCU. You'll talk with a Ministry Development Officer about your vision, church, and church leadership. Together we will explore what church financing option could best steward your resources. At the end, your church may have prequalification for financing.

Step 2 - Establishing Mutual Interest and Expectations

Your Ministry Development Officer provides your church with an interest letter, which establishes mutual interest and expectations in financing your vision. Your church can use this letter to assist in negotiations with contractors, brokers, and property owners.

Step 3 - Applying for Financing

Next, your church completes a loan application including detailed information about your church leadership, financial history, and outlook. From this application, your church will receive a loan decision including rates and terms.

Step 4 - Understanding the Financing

Once approved, your church will receive a formal approval letter, which fully discloses interest rates, loan fees, loan conditions, other requirements, and third party costs. This document will stand as proof of your church's ability to fund its vision.

Step 5 - Funding Your Vision

The final step is processing the loan, which includes signing the loan documents and funding your loan. With the loan process completed, your church's vision is well on its way to becoming reality.