About The Trust

The benefits of the Trust are funded through a Voluntary Employee Beneficiary Assocation (VEBA), also know as a 501(c)(9). The VEBA is a nonprofit, tax-exempt organization operating continuously since its creation in 1956. In 1966, it was amended to expand eligibility to include all Wisconsin financial institutions.

The benefits of the Trust are available to financial institutions, their employees and their families. Application may be made by eligible employers for any or all of the benefits available through the Trust. Certain underwriting and eligibility rules must be met.

The directors of the WBA Benefits and Insurance Committee, Inc. (BIC), a non stock, non profit corporation, oversee the operation of the Trust. BIC has the responsibility of managing the Trust for the exclusive benefit of participants. All directors are selected from participating members.

The Trust serves more than 180 financial institutions and 7,000 employees and their families.