Overview
What is State Bankers Association Group Insurance?
State Bankers Association Group Insurance is a VEBA trust established for the Virginia Bankers Association Group Welfare Benefit Plans. The trust primarily manages premium payments for various insurance coverages, including Medicare Supplement, Vision, Accident, Long-Term Care, Critical Illness, Disability, Hospital Indemnity, Group Life Insurance, and Legal Services. This comprehensive insurance portfolio aims to support the well-being and financial security of its members. The trust is headquartered in Orlando, Florida.
Is State Bankers Association Group Insurance legitimate?
State Bankers Association Group Insurance is a legitimate nonprofit organization registered as a 501(c)(9) entity. State Bankers Association Group Insurance submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of State Bankers Association Group Insurance?
The State Bankers Association Group Insurance operates a VEBA Trust for its group welfare benefit plans. The primary mission of this trust is to manage premium payments for various types of insurance coverages, including Medicare supplement, vision, accident, long-term care, critical illness, disability, hospital indemnity, group life, and legal services. The goal is to provide comprehensive insurance protection and support to the members associated with the Virginia Bankers Association.
Who is the CEO of State Bankers Association Group Insurance?
Truist Bank is the Trustee of State Bankers Association Group Insurance.
What is the revenue of State Bankers Association Group Insurance?
State Bankers Association Group Insurance's revenue in 2022 was $7,062,495.
Who are the executives of State Bankers Association Group Insurance and what are their salaries?
Here are 13 key members and their salaries:
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Where can I find the form 990 for State Bankers Association Group Insurance?
State Bankers Association Group Insurance's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of State Bankers Association Group Insurance
The State Bankers Association Group Insurance, referred to as VEBA TRUST FOR THE VIRGINIA BANKERS ASSOCATION GROUP WELFARE BENEFIT PLANS, is dedicated to managing various welfare benefit plans for its group members. This nonprofit organization is responsible for collecting premiums for a range of insurance coverages, including Medicare Supplement, Vision, Accident, Long-Term Care, Critical Illness, Disability, Hospital Indemnity, Group Life Insurance, and Legal Services coverage. By offering these plans, the State Bankers Association Group Insurance aims to provide financial security and protection to its associated bankers.
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Impact
October, 2024
State Bankers Association Group Insurance plays a significant role in enhancing the welfare of individuals associated with the banking industry in Virginia. By offering a range of welfare benefit plans through its VEBA Trust, it ensures that members have access to essential insurance products. These include Medicare supplement plans, vision and accident coverage, long-term care, and critical illness insurance. Additionally, it provides disability and hospital indemnity coverage, group life insurance, and legal services coverage.
The impact of these offerings is profound. They help individuals and families mitigate financial risks associated with unforeseen health issues, accidents, or legal needs. By ensuring access to comprehensive coverage, State Bankers Association Group Insurance supports the overall well-being of its members and fosters a sense of security within the banking community. This mutual benefit strengthens relationships among members and promotes a healthier, more resilient workforce in the banking industry. Overall, their programs enhance both individual financial stability and collective resilience.
This information is meant to be a general summary of State Bankers Association Group Insurance. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $740
- Program Service Revenue: $7,061,755
- Gross Receipts: $7,062,495
Assets and Liabilities:
- Total Assets: $39,082
- Total Liabilities: $653
- Net Assets: $38,429
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INSURANCE PREMIUMS
Revenue
$7,061,755
Organization Details
Founding Year
2015
Phone
(404) 813-1440Principal Officer
Truist Bank
Main Address
PO BOX 919798, ORLANDO, FL, 328919798
NTEE Category
Code: Y43 - Mutual benefit
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