Church Management Software, like most business applications, has benefitted greatly in the past few decades from the advent of the internet, and more recently, the cloud. These advancements in technology have brought with them great improvements in the way congregations manage their members, their operations and gather their funds.
Features like online donations and tithe management have streamlined the ways in which funds are collected and documented, but not many have addressed the ways to grow those funds safely once they are deposited. Due to this oversight, many religious organizations are leaving money on the table, and that’s where The American Deposit Management Co. (ADM) can help.
Church Management Software + Deposit Management
We are not meant to replace the services you already have. With ADM, you keep your church management software and your local bank. You continue to leverage your software and local relationships to streamline gathering and recording your donations. But once the money is sitting idly in your bank, we are there to help.
We have leveraged financial technology, or fintech for short, to develop a proprietary network of community banks which allows us to achieve the most competitive rates possible for your congregation’s deposits. While the funds are growing, they remain liquid. In addition to those benefits, the funds are secured with FDIC / NCUA coverage, even for balances in excess of $80 million.
A single deposit and a single statement
You’re probably thinking it must be a lot of work for you to set up an account this sophisticated. And, nothing could be farther from the truth.
With ADM, you complete our short account application, which takes our average client about 10 minutes. After that, you can fund your account with your first deposit. Then, you will have access to our online portal and a single account statement to track and manage your funds while they grow. In many cases, accounts are opened in just a few hours.
Your congregation’s money is safe with ADM.
We are celebrating 10 years of helping our clients get the most competitive return on their deposits, all while keeping those funds safe. Beyond our reputation is the fact that we can secure every dollar of your funds with FDIC / NCUA coverage, even for amounts in excess of $80 million.
The standard limit of $250,000 per depositor at each institution could be overcome by anyone with the manpower to maintain relationships and negotiate with hundreds of banks. But the time and money required to do that would more than overcome the returns for most organizations. That’s why we do all that work for you!
Stewardship can come in many forms.
At ADM we believe that helping congregations grow their reserves is one way we can create a larger, positive impact on our communities. For more than a decade we have helped religious organizations grow their cash reserves at more than 10X the national average of the Top 50 U.S. Banks. The days of letting money sit idly in your congregation’s accounts are over!
Click here for more information on how ADM can help maximize your congregation’s giving.