All NWMN credentialed ministers are encouraged to enroll in the Ministers Benefit Association (MBA) or similar minister's tax-sheltered retirement program.
Each month, the NWMN will deposit an amount equal to 20% of each minister's tithe received by the NWMN to each minister's MBA account.
Participation in the NWMN retirement program is voluntary as members may choose for reasons of personal conviction not to participate in the program. (If you do not open an MBA account, an amount, equal to 20% of each minister's tithes will be designated for Compassion purposes in the NWMN.)
The NWMN has no obligation to make contributions to or for the benefit of any minister who has not established an MBA account or who has signed an exemption request, thereby, waiving their right to be included in the NWMN's Retirement Program.
MBA offers fatih-based mutual funds that have been screened for abortion, pornography, alcohol, tobacco, and gambling.
MBA allows individuals to pay taxes on contributions today and receive distributions at retirement, tax free.
Download the enrollment form, complete it, and mail it directly to AG Financial to start the process.
Educational Debt Support Program
The EDSP is for any newly credentialed NWMN minister with a one year window of opportunity to begin participation.
Participants can be a part of the scholarship program from the date of enrollment up to a maximum of six consecutive years.
EDSP assists in helping you repay your student loans by redirecting your NWMN MBA retirement account contribution (an amount equal to 20% of your minister's tithe received by the NWMN) to the lending institution specified for repayment of your student loan. Payments are processed monthly and made payable to your lending institution.
You can notifiy the NWMN office in writing at any time to have the contribution redirected to the MBA program. At that time you must have an MBA account. Once you end participation in the EDSP, you may not reenter the program.
To qualify you must be a first-time credential holder, have verifiable outstanding debt from a financial institution (not credit card, or other related consumer debt), that was incurred in payment for the prepatory ministerial education (graduate or undergraduate) leading to an Assemblies of God credential.
Download the application, complete it and email to Tammy Cox. You will be notified via email of your qualification.