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Referencing the Bible Referencing the Bible to justify dropping a lawsuit against a CU. (Source: Shutterstock)

An Illinois megachurch apologized for filing what it called a “sinful” lawsuit against the $726 million Evangelical Christian Credit Union in Brea, Calif.

Harvest Bible Chapel in Elgin, a non-denominational conservative Christian church that reportedly has about 13,000 congregants, sued ECCU last year over a dispute to refinance four of the five church loans. The megachurch was presumably seeking to lower the interest rates on the loans because of its $40 million debt.

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Peter Strozniak


Credit Union Times

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