Snow Removal Relief Loan Program

At the recommendation of Bishop Hughes, on March 4, 2026 the Trustees approved an emergency loan program, funded out of the Episcopal Capital Loan Fund (ECLF), to assist our churches that are having cash flow and budget problems due to the enormous and unexpected cost of snow removal this winter. Here are the details:

• Each congregation may borrow up to $10,200.
• Loans are to be repaid in 24 monthly installments beginning in January 2027.
• There will be no interest charge for loans repaid on schedule.
• The borrowing will need to be approved by the vestry.
• All loan disbursements and collections will be made via ACH transfer.

Congregations wishing to borrow under this program must do the following:

1. Complete the attached application.
2. Pass the attached sample resolution at your next vestry meeting.
3. Complete the sample loan note (modifying as needed if the initial loan is to be less than $10,200)
4. Execute the loan note and certify the resolution.
5. Attach receipts equaling, at least, the amount of the loan.
6. Complete ACH bank instructions if your congregation isn’t already enacting ACH transfers with the diocese.
7. Return the executed documents to Sam Reckford, diocesan CFO.

Once all documentation is received and is determined to be in good order, the diocese will promptly disburse funds.

While $10,200 may fully suffice for some congregations while perhaps being a bit meager for others, the intention is that it will help all of our congregations spread out the cost of this unexpected expense over multiple fiscal years.