(by October 26, 2022, American Banker, Miriam Cross)
Jonathan Gatlin wanted to start a bank for freemasons 10 years ago.
Freemasonry is a 300-year-old fraternal organization where men unite over values such as friendship, helping those in distress, community service and personal improvement. The somewhat secretive group, with its networks of lodges and grand lodges, is complex for outsiders to understand, as is the way money flows throughout the organization.
One of the biggest pain points for the lodges, or local chapters, is collecting dues from members. Some organizations related to masonry, which take cash donations, are charged fees for depositing large sums of cash at their banks…
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One of the biggest pain points for the lodges, or local chapters, is collecting dues from members. Some organizations related to masonry, which take cash donations, are charged fees for depositing large sums of cash at their banks… .
read more:
