North Central Bible College (Minnesota) has implemented a faculty development program over several years despite restricted financial resources. North Central Bible College (NCBC) is an independent, primarily residential college that is owned and operated by a group of 11 Assemblies of God districts. It offers bachelors degrees in 22 majors and enrolled 1,535 students in Fall 1993. The faculty is relatively young. Although NCBC does not offer tenure, it does have a faculty security program. NCBC's commitment to faculty development has been demonstrated in the Board of Regents' practical and symbolic gestures, and in leadership and encouragement by the President's Cabinet, the Vice President for Academic Affairs, and department chairs. Most importantly the faculty themselves have demonstrated commitment to their own development and growth. Creative institutional initiatives have been directed by principles that include clear purpose, flexibility, balance, measurable goals, creativity, cooperation, ownership, accountability, relevance, and rewards. Examples of actual program components include new faculty orientation and mentoring, campus-based faculty development activities, provision of in-service stipends, professional membership stipends, benefits for part-time faculty benefits, sabbatical leaves, promotion policies, annual evaluation, and an annual personal conference by the Vice President of Academic Affairs with each faculty member. (JB)