About NEA MB > A Proud History

A Proud History

For more than half a century, NEA Member Benefits has taken great pride in helping to enhance the lives of NEA members and their families.

This is reflected by the programs we offer to address members' needs, to help ensure their financial security, and by the many milestones we have attained along the way.


1941   NEA creates the committee that will eventually become Unified Legal Services.

1948   An NEA member benefits program is established with the introduction of the NEA Travel Program.

1961   NEA develops the NEA Member Insurance Plan to provide voluntarily purchased life insurance along with NEA AD&D and NEA Homeowners Insurance.

1967   Teachers Services Corporation is founded to administer member benefit programs.

1972   The NEA Member Insurance Plan evolves into NEA Special Services.

1978  

The NEA Members Insurance Trust (NEA MIT) is established.

NEA Special Services introduces NEA MIT insurance programs: NEA MemberCare Insurance, NEA Credit Plan and NEA Car Rental Program.


1982   NEA Magazine Service program is introduced.

1984   NEA Credit Card program is launched.

1985   NEA Teachers Services Corporation is merged into a new company to form NEA's Member Benefits Corporation;NEA DUES-TAB Insurance is introduced.

1986   NEA Credit Card program reaches 500,000 participants.

1988   NEA Money Market Program and NEA Line of Credit are introduced.

1990   NEA Valuebuilder is announced as a new vehicle to help members save for retirement.

1992   NEA Member Benefits Consultants (Regional Representatives) are established.

NEA Certificate of Deposit Program is introduced.

1993   NEA Members Insurance Trust offers NEA Level Premium Term Life Insurance Plan.

1994   NEA Home Financing Program is added to the list of sponsored programs.

1995  

NEA Home Protection Plan and NEA MemberCare Medicare Supplement Program are added to the list of sponsored programs.

NEA's MBC Investor Services Company is incorporated as a registered investment advisor company.


1996   NEA MemberCare Long-Term Care Insurance Program is introduced.

1998  

NEA Valuebuilder Future and NEA Valuebuilder Select are developed specifically for rollover and payroll deferral contributions.

The NEA Member Benefits Web Site--www.neamb.com is launched.


1999  

The NEA National Board Certification Loan is introduced to help members cover the assessment fee for enrolling in the certification program.

NEA Valuebuilder Retirement Savings Program surpasses $750 million in assets under management.


2000  

NEA Preferred Term Life Plan is introduced with level premium, level benefit coverage.

The NEA Members Auto & Home Insurance Program is launched, offering a variety of coverage for all risk categories and specialized needs.

NEA Home Financing Program surpasses $500 million in home loans.


2001  

NEA Valuebuilder introduces Variable Annuity TSA and Mutual Fund TSA.

NEA Quantum Credit Card is introduced.

Deposit savings in the NEA CD & Money Market programs exceed $3 billion.


2002  

NEA Valuebuilder Program adds the NEA Valuebuilder 457 TSA to its growing list of product offerings.

NEA MemberCare Medicare Supplement Program reaches 5,000 participants.


2003   2003 NEA Credit Card Program reaches its 20th anniversary.

NEA Member Benefits Web (www.neamb.com) Site is redesigned for easier and faster navigation.

The number of periodicals offered by the NEA Magazine Service
surpasses the 600 mark.


2004   2004 NEA Home Financing Program marks completion of its first decade of service.

2005  

NEA Member Benefits merges NEA's MBC Investor Services Company into MBC to broaden the range of services provided by MBC staff to Affiliates and members.

Total deposit savings of members in the NEA-Sponsored CD and Money Market Account programs exceed the $4 billion level for the first time in history.

NEA Members Insurance Trust marks the 10th anniversary of the NEA MemberCare Medicare Supplement Program.


2006   NEA's Accidental Death and Dismemberment Insurance Plan observes 40th year of providing affordable AD&D coverage to members.

 
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