The lodge was formed by several brethren who were prominent masons and staunch friends. The name is taken from the nearby town of Waltham Cross close to Halsey masonic hall where it was decided to hold the meetings. It was the 60th Lodge to be consecrated in the Province of Hertfordshire on 23rd September 1932, and the first to be held at the Hall.

W.Bro A.Rhodes presented the banner to the lodge which was supplied by Toye and dedicated on 30th March 1939. The central part of the banner incorporates the Eleanor Cross, which still stands in the town centre of Waltham Cross. These crosses were a series of twelve lavishly decorated stone monuments topped with tall crosses, of which three survive nearly intact, in a line down part of the east of England. King Edward I had the crosses erected between 1291 and 1294 in memory of his wife Eleanor of Castile, marking the nightly resting-places along the route taken when her body was transported to London.