Munster megachurch faces foreclosure
The Associated Press February 22, 2013 10:16AM
Updated: March 24, 2013 6:08AM
MUNSTER — A megachurch mired in financial woes tied to church leaders’ spending on travel and compensation is facing a foreclosure request by an Illinois bank.
Court records show that First National Bank of Illinois filed a mortgage foreclosure case Tuesday against the Family Christian Center, Senior Pastor Steve Munsey and the Internal Revenue Service.
Court documents show that as of Jan. 4 the Munster church owes the bank more than $604,000.
A report says church leadership had been spending millions of dollars annually on leadership compensation, travel and meals, made as the church was falling behind on its mortgage payments and racking up a list of past-due bills.