Church Pays Off Debt, 3.5 Years Early
Pastor holds bank note just after the church treasurer lights it on fire.
During a recent afternoon service, the NorthStone church family rejoiced as they united together to pay off the debt on their Family Life Center Building.
Proverbs 22:7 "...the borrower is servant to the lender."
"It's a liberating feeling to be loosed from the debilitating bondage of financial debt," said Pastor James C. Johnson.
On Sunday December 29, 2019 the church gathered together for a special note burning service. A few Sunday's previous, December 8, 2019, the church hosted a Sacrifice Sunday during which members of the congregation gave sacrificially for the specific purpose of paying off the debt before the end of the year.
Sacrificial Giving Pays Off
Originally the bank loan was $560,000 at 4.7% interest on a 10 year term. Because of the generous giving of the church family, the church was able to completely eliminate the debt 3.5 years early, thus saving the church thousands of dollars in interest. This saving allows the church to focus on eliminating the debt on their west parking lot and then allows them to invest in needed infrastructure as a response to the Nine Mile Road expansion. The church is together "Praising God for all He has done!"