Posted on: April 20, 2008
We are proud to announce the launch of the new Foundation Capital Resources website. It features tons of new, ongoing features and new functionality such as podcasting, direct downloads, interactive maps, rss feeds, updated content and the Loans web blog. Feel free to check out the site, and more importantly, keep checking out the site routinely. We will be constantly adding new content with which we hope to better serve you. In the meantime, let us know what you think of the new website and, especially, what you’d like to see on the site in the future.
Posted on: January 1, 2008
Foundation Capital Resources would like to welcome Charles Wallace to our team as our newest loan consultant. Residing near Atlanta, GA, Charles Wallace has years of experience in ministry and finance.
Background and Education
Charles was born and raised in upstate South Carolina, where he was an active member of Beaverdam Baptist Church in Enoree. He holds a bachelor of science degree in business administration from The Citadel, the military college of South Carolina and a master of divinity degree from Christian Life School of Theology in Columbus, Georgia.
Leadership Experience
Charles is a dynamic leader with over 20 years of leadership, management and board experience with numerous civic and church-related organizations. At the age of 22, he owned and operated his first company and at the age of 29 he owned a full service hotel. Hospitality and service has always been a passion for Charles. After the devastation of September 11, Charles transitioned from employment in the secular world and became Executive pastor of Grace Community Church in Greenwood, SC. With a desire to assist and see the body of Christ position itself to its rightful place, he became COO of a church consulting firm in 2003 and moved his family to Atlanta. This transition allowed him to learn and understand all aspects of church lending. He was also able to capitalize on his vast hospitality and service experience to serve numerous pastors and congregations with a spirit of excellence throughout the country. In January 2008, Charles was appointed senior loan consultant of Foundation Capital Resources.
Family
Charles and his wife, Paryn have three sons. They reside in Conyers, Georgia. Charles is also senior pastor of Hebron World Church located in Covington. His passion is to minister, liberate and set free those who are captives and to see people fulfill their God given purpose.
Posted on: October 12, 2006
JACKSON, Mississippi — Foundation Capital Resources, Inc.
(FCR) today announced the pending transition of its church lending operations to
Missouri. Gerald Hindy, FCR board chairman, has appointed Randall Smith to serve as
interim director of FCR with responsibility for coordinating the transfer of operations to
Springfield, Missouri, by the end of 2006. Hindy also announced the appointment of
James Batten to the board of directors of FCR.
In its six years of operation, FCR has emerged as a leading resource for loans and
mortgage-secured financing for churches, schools and other faith-based organizations
with a total loan portfolio of over $470 million. FCR is a subsidiary of AG Financial,
one of the largest church lenders in the United States with a portfolio in excess of 2,200
loans totaling over $1.1 billion. Gerald Hindy also serves as president and chief
executive officer of AG Financial, a $2.5 billion financial services organization that
provides retirement planning services, planned giving services, stewardship/capital
campaign services and investment options such as church loan fund certificates.
“This transition will enable FCR to be more competitive in the church lending market
through the shared efficiency of operations with AG Financial,” said Hindy. “Although
the loan servicing function will be transferred to our corporate offices in Missouri,
existing customers of FCR will see no significant change in the manner in which their
loans are serviced and will continue to enjoy the high levels of customer service they
have come to expect.”
As Vice President of AG Loan and Capital Services Group, Randall Smith was
responsible for evaluating approximately 450 loan applications each year and servicing
over 1,900 active loans totaling $750 million. Randy came to AG Loan and Capital
Services Group in 2001 after serving as Business Administrator of Glad Tidings
Assembly of God in Omaha, Nebraska. He began his career as Assistant Administrator at
Saint Elizabeth Community Health Center in Lincoln, Nebraska. In 1986, Randy
assumed the role of Vice President at Immanuel Medical Center in Omaha. With the
consolidation of two large hospital systems in 1996, Randy was promoted to Chief
Operating Officer for Alegent Health and served as the administrator of Immanuel
Medical Center. Randy graduated from Missouri Southern State College with a Bachelor
of business administration and holds a Master’s degree in health services administration
from University of Missouri in Columbia, Missouri.
James R. Batten serves as Treasurer of O’Reilly Automotive, Inc., a publicly-traded
company based in Springfield, Missouri. He served as Executive Vice President and
Chief Financial Officer from 1994 until June, 2006. Mr. Batten has been instrumental in
many facets of O’Reilly Automotive growth from their initial public offering in 1993, the
acquisition of Hi/LO Auto Supply LP in 1998, the acquisition of Mid-State Automotive
Distributors in 2001 and of Midwest Auto Parts in 2005. During his tenure, O’Reilly
Automotive had two-for-one stock splits in July 1997, November 1999 and May 2005.
He oversaw the growth of the company’s revenue from $100 million to in excess of $2
billion annually. Mr. Batten serves as board member for the Springfield Area Chamber
of Commerce, board member and Audit Committee Chair for Guaranty Bank,
Springfield, Missouri, and board member for New Covenant Academy. Mr. Batten is a
certified public accountant with a BS degree in accounting from Central Missouri State
University in Warrensburg, Missouri.