History
Humble beginnings
Recognizing that financial security was a top priority for Wisconsin's public school employees, the Wisconsin Education Association Council (WEAC) created the WEA Trust to provide insurance and benefit plans tailored to fit members' needs.
The trustees held their first Board meeting in 1970 and began operations with just one employee and a $5,000 loan from WEAC.
Steady growth
The Trust's first programs were health, life, and disability plans. The success of these programs inspired WEAC to expand its offerings. In 1972, the Trust offered automobile, homeowners, and other casualty insurance plans to members. Retirement investment opportunities followed in 1978 with the creation of a tax-sheltered annuity program.
By 1977, the Trust had become Wisconsin's thirteenth largest health insurer. The WEA Insurance Corporation, a wholly owned subsidiary of the WEA Trust, was created in 1985 to underwrite the Trust's group benefit plans.
By 1989, the Trust had grown to 140 employees and took up residence at its current location -- 45 Nob Hill Road in Madison, Wisconsin. In 1993, the Trust formed the WEA Property & Casualty Insurance Company and began underwriting homeowners and automobile policies. Today, the Trust employs approximately 500 people and serves over 200,000 Wisconsin public school employees and their families.
Read our accomplishments. |
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