501c3

Can a pastor make his members sign a promissory note to pay back loan? The church is a nonprofit and is under the 501c3.

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Submitted 54 days ago...

Susu

Professor (1,146)

The church itself as an entity can enter into a loan agreement, but to ask and/or require its members to sign the note is highly unethical and suspicious to say the least. If you or any other member have been asked to do this, I would check the church's constitution to see if a vote of confidence is in order. If you are the pastor and you are contemplating such a request, I would think twice about it. Looks to me like a case of "Fleecing the Flock" but I am not there so I can't say that for sure. All I know is that if there are financial troubles, if you seek God's Will, He will be faithful. Susu

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This Question was awarded 53 days ago therefore you can no longer post an Answer. However you may post a comment below.

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Submitted 53 days ago...

Kurus842

New User (4)

I appreciate and thank Susu for taking the time to answer this answer for me. Now I can give my Christian friends the answer that they need and how to they can handle this matter with their pastor.

God bless you Susu

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Submitted 53 days ago...

Susu

Professor (1,146)

God bless you too, and I will be praying for your friends and the entire situation. Susu

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