Published: Dec 10, 2013 5:33 PM EST
Updated: Dec 10, 2013 6:55 PM EST

CAPE CORAL, Fla. - A Cape Coral Elks Club is in jeopardy of shutting down over financial problems.  

Members of the Elks Lodge No. 2596 received a letter from national leaders alerting them that their charter is suspended.

It's an organization known for giving back.

"it's a great deal for the community and there's a lot of great people that do belong to the Elks here," says Jim Lewis, one of the members.

Between veterans functions and scholarship programs, Lewis says, he's disappointed to hear the club he's been a part of for years was forced to close it's doors.

"The phone calls came to the house letting us know what was actually going to have to happen, they were going to change the locks here and shut it down," he adds.

In a letter from the office of the Grand Exalted Ruler based in Oklahoma, national leaders say the lodge failed to 'maintain a sound financial condition.'

Leaders also claim the Cape Coral club lost 73-thousand dollars during the past year and there is no active accounting or auditing committee.

"Unfortunately, at this time of the year right now, it's a sad thing that the club is closed down," Lewis adds.

And with the holidays right around the corner, several club and community events are on hold for now.

"They're looking forward to their Christmas parties, New Year's Eve, they were going to have a sellout New Year's Eve... I just see a lot of good people here and they're all getting hurt because of it," Lewis says.

Local trustees will help determine the future of the club from now until next Wednesday.