Because we work in the world of finance, we are constantly dealing with money and numbers. But we know that the work that we do is much more than that. We don’t just deal with account balances and market values. There are real people behind the account numbers in our system. And the accounts…
Charitable giving is on the hearts and minds of many as we make decisions about how to give faithfully on Giving Tuesday and throughout the holiday season. But charitable giving is not only an important expression of our faith; it is also a significant part of our finances. And as with any other part of…
This Thanksgiving, Covenant Trust Company wants to thank all the people and ministries who make what we do worth doing. We are thankful for the Evangelical Covenant Church: for the leaders, and their faithfulness and commitment to the church as they discern what it looks like to love God with all our heart, soul, strength,…
As reported by numerous news outlets, 70 call-center workers were arrested just outside of Mumbai, India for posing as the IRS over the phone and demanding payment for bogus fees and charges. This group made almost $150,000 US dollars a day in just one of many IRS-related phone scams out there. We want to remind…
In 1978, the Evangelical Covenant Church established Covenant Estate Planning Services to enable those with a love for Covenant ministries to make significant legacy gifts through stewardship-centered estate plans and provide management for those dollars in a professional and effective way. Over time, it became evident that there was also a need to…
Looking back a week after the unexpected vote by Great Britain to exit the European Union, it is easy to observe the great uncertainty that vote caused, both politically and economically. With it, there was global market volatility as well. The US stock market (as measured here by the DJIA) went down nearly 5%…
“What are you doing to prepare for the November election?” the board member asked us. The CTC investment team was at the recent meeting to discuss the charity’s investment results year to date and what, if any, changes were being made to its portfolio. “Are you going to cash?” This question is being asked in…
It’s hard to believe that it’s already June; how quickly 2016 is passing by. The remnants of winter have given way to the warmer, sunnier days of spring, and the long, hot, school-free days of summer aren’t far behind. And before we know it, class will be back in session and tree leaves will don…
Starting a family offers plenty of unique challenges and requires smart financial planning. According to the US Department of Agriculture, as of 2013, the average cost to raise a child to the age of 18 is almost $250,000. And that doesn’t even include the cost for college tuition. So how do parents pay for…
The US government is doing something positive for retirement investors. The Department of Labor is putting out a new rule for financial advisors who provide investment advice on retirement investments: they have to act in the best financial interest of the client and they have to disclose any conflicts they may have. This is called…
