Chase Bank Unexpectedly Cancels Conservative Religious Non-Profit, No Specific Reason Given
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The religious non profit organization advocates for religious freedom, all faiths welcome, but had their bank account closed without notice. Chase- 'provide donor list for reinstatement consideration,' founder said.

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The National Committee for Religious Freedom (NCRF), a non-profit organization who advocates for religious freedoms for ALL faiths had their Chase bank account recently suspended without warning, according to the non-profit’s leader, former Senator Sam Brownback.

The organization, a 501c (4) started the organization early in 2022. The main mission of the organization is to proactively defend the constitutional rights of religious freedom, according to their website.

The non-profit welcomes all faiths into their organization. “We would have people on here with no faith at all if they stand for religious freedom for everybody, everywhere, all the time- that’s our basic standard,” Brownback said on an interview with Tony Perkins on Washington Watch.

The Non- Profit’s Bank Account

NCRF went to a Chase bank to routinely open an account. However, the bank account was suspended only weeks later.

“We find out less then six weeks in it [when] we go to make another deposit, they said ‘you’re bank account has been canceled, we’ll be sending you back your funds’- that’s it. We were stunned,” said Brownback.

Brownback questioned the decision due to the ambiguous nature of the account suspension. He made numerous attempts to get concrete answers, and eventually, he succeeded.

In the interview, Brownback said, “We were told ‘the decision was made at corporate level, it’s secret- we’re not going to tell you about it’ and ‘it’s irrevocable.’”

The response left Brownback dumbfounded.

Chase Bank

In a hearing to Congress, JP Morgan Chase CEO, Jamie Dimon told members of Congress how much he believes in American values.

“We live in the greatest country in the world built on foundational principles of freedom of speech, freedom of religion, freedom of enterprise, the sanctity of the individual, and the promise of equality and opportunity for all,” Dimon told Congress in a prepared speech. He continued, “These core values are the fabric the binds us as Americans, where the best of what we are shines through…”

But the Chase practices are clearly different than what was represented in Dimon’s testimony to Congress.

Cleo McDougald, a former Chase executive and Vice President told Morning Wire about how the bank comes to certain conclusions, like closing a non-profit’s bank account. She referred to it as “red-dotting”- the practice of flagging certain records to notify other divisions within the bank. McDougald explained it’s a way to let others know “don’t do business with this entity.”

Part of the reported reason for making such decisions were to “protect the bank.”

“A unit can make the decision that they don’t want to pursue the transaction because of what we call rep risk…” McDougal said. She continued, “It could be something in a newspaper article that could be completely frivolous, but they make the decision that they don’t want to pursue business with you…”

Last year Chase attempted to cancel credit cards belonging to General Flynn under the same guidelines. But after some pushback, Chase responded that it was an error on their end.


Other Groups Canceled

Brownback later discovered that other organizations had similar problems with Chase bank. He invites any religious groups and non-profits with similar experiences to reach out to him.

After finally getting answers from Chase, Brownback was given an opportunity to have their account re-opened, but with stipulations.

Chase told Brownback that they would reconsider their business arrangement if he could provide them with the non-profit’s list of donors and what candidates they would be supporting.

“That’s not required under the law, and you wouldn’t require that of other groups to my knowledge…” Brownback said. “We, by that time found another bank and went to another place.”

You can avoid a similar disheartening experience by using our services at Align Us. With the simple press of a few buttons, you can determine what political affiliations a banking institution may have and compare it with your own value system.

In a case like this, former Senator Brownback can log onto our app and comment on his unfortunate experience with Chase bank. By doing so, he would help inform the next person, or even non-profit, and save them the hassle of a conflict of political differences.  


-Align Us

Eddie
  

Eddie

Blog Contributor SPM
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