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Catholic Financial Life
Catholic Financial Life (CFL) is a Milwaukee-based life insurer and fraternal organization. It is one of the largest Roman Catholic not-for-profit financial services organizations in the United States, second only to the Knights of Columbus. Fraternal benefits societies are nonprofit membership organizations that designate a portion of their income for charity.
CFL was formed in 2010 with the merger of the Catholic Family Life Insurance (CFLI) with the Catholic Knights. The Catholic Knights was the result of a merger in 2005 of two other fraternal benefit organizations Catholic Knights of America and the Catholic Knights Insurance Society.
In 2014 Catholic Financial Life posted a 50% increase in net income due to lower claims, an investment gain and other factors. It also saw a decrease in membership from 114,000 to about 112,000.
The Catholic Financial Life Building is among the tallest buildings in Milwaukee. The ground floor also contains the All Saints Chapel, dedicated in December 2010. A chapel contains hand-carved statues depicting patron saints of the ethnic groups who have played major roles in the fraternal benefits society. On June 15, 2015, the Milwaukee Journal Sentinel recognized CFL as one of 150 Top Workplaces for 2015, based solely upon employee surveys.
Catholic Family Life Insurance was founded in the State of Wisconsin in 1868 by the Most Rev. John Martin Henni, first Archbishop of Milwaukee. In August 1868, he gathered 21 men from a variety of occupations and they established The Family Protective Association.
The new organization was officially incorporated in March, 1869. As the oldest Catholic fraternal benefit society, CFLI would become the first to insure women and children, and first to provide Masses for living and deceased members. Over the years several societies merged with CFLI, including Rhode Island–based Union Saint-Jean-Baptiste in 1991, and Northern Fraternal Life, headquartered in Milwaukee, two years later. Its name changed to Catholic Family Life Insurance (CFLI) in 1949. At the time of merger with Catholic Knights, CFLI, with headquarters in the northern Milwaukee suburb of Shorewood, had a total of 45,000 members in 78 chapters located primarily in the upper Midwest and New England.
The Catholic Knights of America was a fraternal life-insurance company chartered under the laws of the State of Kentucky, U.S. The origins of the Catholic Knights of America dated from when James J. McLaughlin (a Catholic and a member of the Knights of Honor) attended an 1877 sermon by the Most Reverend Patrick A. Feehan (the Ordinary of the Nashville Diocese and future first Archbishop of Chicago). Bishop Feehan warned Catholics against joining secular fraternal orders. Moved by the sermon, McLaughlin decided to form a fraternal order that would be an alternative for Catholics. The initial meeting for the new organization was held at Emmett Hall on April 23, 1877. Branch No. 1 of the new group, the Order of United Catholics, received its charter from the State of Tennessee. The order changed its name to the Catholic Knights of Honor on June 5, and then, at the suggestion of Bishop Feehan, changed to Catholic Knights of America. The Order's patron saint, Saint Joseph, Protector of the Christian Home was chosen at the same time. It existed from 1877 to 2005 when it merged with the Catholic Knights Insurance Society to form the Catholic Knights, a financial services company.
In the next few years the CKA spread to West Virginia, Indiana and Ohio. The first national convention was held in Louisville, Kentucky, July 9–11, 1878. The organization very nearly came to an end in the late 1880s when an unscrupulous treasurer absconded with the groups funds. Luckily work by other official kept the Knights from going under and much of the money was recovered.
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Catholic Financial Life
Catholic Financial Life (CFL) is a Milwaukee-based life insurer and fraternal organization. It is one of the largest Roman Catholic not-for-profit financial services organizations in the United States, second only to the Knights of Columbus. Fraternal benefits societies are nonprofit membership organizations that designate a portion of their income for charity.
CFL was formed in 2010 with the merger of the Catholic Family Life Insurance (CFLI) with the Catholic Knights. The Catholic Knights was the result of a merger in 2005 of two other fraternal benefit organizations Catholic Knights of America and the Catholic Knights Insurance Society.
In 2014 Catholic Financial Life posted a 50% increase in net income due to lower claims, an investment gain and other factors. It also saw a decrease in membership from 114,000 to about 112,000.
The Catholic Financial Life Building is among the tallest buildings in Milwaukee. The ground floor also contains the All Saints Chapel, dedicated in December 2010. A chapel contains hand-carved statues depicting patron saints of the ethnic groups who have played major roles in the fraternal benefits society. On June 15, 2015, the Milwaukee Journal Sentinel recognized CFL as one of 150 Top Workplaces for 2015, based solely upon employee surveys.
Catholic Family Life Insurance was founded in the State of Wisconsin in 1868 by the Most Rev. John Martin Henni, first Archbishop of Milwaukee. In August 1868, he gathered 21 men from a variety of occupations and they established The Family Protective Association.
The new organization was officially incorporated in March, 1869. As the oldest Catholic fraternal benefit society, CFLI would become the first to insure women and children, and first to provide Masses for living and deceased members. Over the years several societies merged with CFLI, including Rhode Island–based Union Saint-Jean-Baptiste in 1991, and Northern Fraternal Life, headquartered in Milwaukee, two years later. Its name changed to Catholic Family Life Insurance (CFLI) in 1949. At the time of merger with Catholic Knights, CFLI, with headquarters in the northern Milwaukee suburb of Shorewood, had a total of 45,000 members in 78 chapters located primarily in the upper Midwest and New England.
The Catholic Knights of America was a fraternal life-insurance company chartered under the laws of the State of Kentucky, U.S. The origins of the Catholic Knights of America dated from when James J. McLaughlin (a Catholic and a member of the Knights of Honor) attended an 1877 sermon by the Most Reverend Patrick A. Feehan (the Ordinary of the Nashville Diocese and future first Archbishop of Chicago). Bishop Feehan warned Catholics against joining secular fraternal orders. Moved by the sermon, McLaughlin decided to form a fraternal order that would be an alternative for Catholics. The initial meeting for the new organization was held at Emmett Hall on April 23, 1877. Branch No. 1 of the new group, the Order of United Catholics, received its charter from the State of Tennessee. The order changed its name to the Catholic Knights of Honor on June 5, and then, at the suggestion of Bishop Feehan, changed to Catholic Knights of America. The Order's patron saint, Saint Joseph, Protector of the Christian Home was chosen at the same time. It existed from 1877 to 2005 when it merged with the Catholic Knights Insurance Society to form the Catholic Knights, a financial services company.
In the next few years the CKA spread to West Virginia, Indiana and Ohio. The first national convention was held in Louisville, Kentucky, July 9–11, 1878. The organization very nearly came to an end in the late 1880s when an unscrupulous treasurer absconded with the groups funds. Luckily work by other official kept the Knights from going under and much of the money was recovered.