ELCO Mutual News

To our ELCO community: 

The 2023 tax season is approaching, and with that comes confusing paperwork. If you currently hold an annuity with ELCO Mutual, you should expect to receive a 1099-R or 5498 from us in the mail. To help you better understand these forms, we've created a guide for each that explains different sections of the forms and answers some common questions we receive during tax season. If you'd like to learn more about your 1099-R or 5498 click the links below and download the guides today!

Every March, we think about the contributions that women have made in our society. We think about their impact on our lives and what we could learn from them. What started as just International Women’s Day, which is still celebrated on March 8th, has now expanded into a whole month titled “Women’s History Month.” We have had the honor of many women making history in the walls of ELCO Mutual. To kick off Women’s History Month, we want to highlight the matriarch of ELCO: Patti Bruce.

On March 2nd Corporate Secretary Richard Leach will be retiring and starting a new chapter in his life. His 42 years of service are much appreciated by ELCO, agents, ELCO partners, and policyholders.

It is with a heavy heart that we announce the passing of our fearless leader, William D. Bruce. He passed away on Friday, February 11, 2022. He was 93 years young. It is only fitting that he waited until 1:00 PM to pass away, as ELCO closes at 1:00 PM on Fridays. W.D. lived and breathed ELCO and he taught us all the meaning of hard work. He worked for ELCO for 68 years, sitting as ELCO’s CEO for 43 years. W.D. also holds the record of 42 years without using a sick day, a testament to his dedication to ELCO Mutual. His ELCO story is an inspiring one about ...

In honor of National Golf Month, we want to take this time to celebrate ELCO’s most experienced golfer, W.D. Bruce. He is our Chairman Emeritus and golfed for over 50 years. What started as a hobby quickly became a passion of his and sparked an annual event held at ELCO Mutual celebrating his favorite sport and former leadership.

We are pleased to announce that AM Best, the world’s most tenured insurance rating agency, has upgraded ELCO Mutual’s financial strength rating from a B to B+.

Each year on the first Wednesday of every month, people come together to celebrate the global phenomenon known as Global Running Day. What started as just another national day in 2009 (originally known as National Running Day) quickly evolved into this worldwide celebration very well-known not just in the running community but to anyone who wants to be more active. Running might be seen as an individual sport, but this could not be further from the truth. Half marathoner and ELCO’s Marketing Specialist, Jessica Weis, says, “The running community is so ...

May is Mental Health Awareness Month. We hear all the time about how we can take care of our physical bodies. Doctors tell us to eat healthy, exercise, and even set aside time to get our annual physical. Understandably, we often forget to take care of our emotional and psychological state of mind. Our physical and mental well-being go hand in hand and lead to us being the best version of ourselves. In honor of this important topic, ELCO is bringing you tips on how you can improve your mental health. 

ELCO Joins the Fight Against Hunger Due to the pandemic, Feeding America has estimated that up to 1 in 9 people in our community face hunger, including 1 in 6 children. In response to this, Northern Illinois Food Bank held their annual Fight Against Hunger 5k/10k. We at ELCO were thrilled to sponsor the event and have a few employees participate. We are proud of our employees who were willing to go the distance for such a good cause. Race participants were limited this year and race organizers followed all CDC guidelines including a mask policy, staggered ...