One of America's largest megachurches brings in millions of dollars per year but is facing multiple foreclosure cases.
First National Bank of Illinois's recent foreclosure case against Family Christian Center, whose 15,000 weekly attendees make it the largest church in Indiana and ranked No. 15 in the nation by Outreach Magazine in 2011, over condos used to house visiting pastors is just the latest of the church's ongoing financial struggles.
"While the Family Christian Center was spending millions of dollars annually on leadership compensation, travel, meals and jet fuel, it was falling behind on its mortgage payments and racking up a list of past-due bills," concluded a lengthy investigation last week by the Northwest Indiana Times. It cited comments by Lake Superior Court Judge Diane Kavadias Schneider made during a Dec. 4 hearing: "When I saw some of the expenditures being made in this church when there was a mortgage not being paid, I was astounded."
The church, which used to bring in ...1