The Illinois League of Financial Institutions Trust (The Trust) has sponsored a group insurance program since 1967 for The League members and their employees. It has since been amended to meet all the requirements of the Employee Retirement Income Security Act of 1974 (ERISA). The Trust is a separate legal entity and the policyholder for the various group insurance policies offered to all League members. The Trust holds a tax-exempt status under Section 501 (c)(9) of the Internal Revenue Code.
The Trust offers a complete portfolio of health, life, dental, vision, and disability insurance products. Eight different health plans are available to Trust members and to their employees, directors, and retirees.
The Trust is managed by The League Trustees who are Chief Executives from member organizations throughout Illinois. The Trustees determine all plan designs, administrative decisions, and premium rates for The Trust. Programs are continuously reviewed to provide the most up-to-date products, cost management techniques, funding alternatives and administrative efficiencies. By offering all members of The League the buying power of a multi-million dollar program, this translates to lower overhead expenses, plan flexibility, expanded administrative services, and personal assistance from our consultants and actuaries at no extra cost to members.
Dedicated Trust field service representatives are available to answer questions and/or visit your institutions to provide personal assistance at any time. Representatives can assist with plan design, price alternative plans, help with employee meetings, meet with your Board of Directors, and more. To become a member of The Trust, please contact The League or reach out to one of The League team members below.
Trustees of The Trust
Dane H. Cleven
Community Savings Bank
DeWitt Savings Bank
Larry H. Clark
Marion County Savings Bank
Kenneth B. Elmore
The First National Bank of Litchfield
Walter "Chip" Hasselbring III
Iroquois Federal Savings & Loan Association
Craig M. Hepner
Ottawa Savings Bank