ELCO Mutual News

TRIBUTE TO W. D. Bruce, February 28, 2017 | ELCO Mutual

Posted by Admin on April 25, 2018

  Earlier this month, W. D. Bruce (Bill) stepped down as Chairman and CEO.  He has spent his entire career at ELCO, devoted to its success.  ELCO was only in its eighth year when Bill joined the company on February 1, 1954.  At that time, the company’s assets were a little over $118,000 with approximately $13,000 in surplus. After serving as a vice president for nineteen years, Bill succeeded his father and took over the company reins in 1973 as ELCO’s second president.  While Harley Bruce was the founder of the company, most would think of Bill as the father ...

Read More

Tax Deferral: The Power of Compound Interest | ELCO Mutual

Posted by Admin on April 25, 2018

  What is tax-deferral? Tax-deferral is a popular feature that positively affects most individual retirement accounts (IRAs) and many insurance products, such as annuities. Utilizing this approach, individuals are able to postpone their tax payments until a later time. Taxation will typically occur once funds are withdrawn from the contract, allowing the owner to plan for when they’d like to pay taxes (normally when they’re in a lower tax bracket). What products are tax-deferred? 401k’s, 403b’s, deferred annuities, IRAs and Roth IRAs are all commonly ...

Read More

Military Appreciation Month | ELCO Mutual

Posted by Admin on April 25, 2018

  May is National Military Appreciation Month.  It gives us a chance to honor active duty members, veterans as well as those who paid the ultimate sacrifice in defense of freedom.  It was not until 1999 when May was first selected as National Military Appreciation Month.  There are several holidays observed throughout this month that honor our military members. If you want to show your appreciation, you do not need to go above and beyond as there are many simple ways to thank our military that can be very effective. The armed forces have shaped our nation’s ...

Read More

ELCO's Senior Vice President Throws First Pitch At Miller Park | ELCO Mutual

Posted by Admin on April 25, 2018

  The July 29th night baseball game between the Milwaukee Brewers and the Chicago Cubs included a “ceremonial first pitch” honor for Senior Vice President and Secretary, Richard Leach.  It appeared to be a 25 mph screwball. This honor was made possible through the courtesy of the law firm of Foley & Lardner, LLP and our attorney, Bart Reuter. Check out the video below:  

Read More

ELCO Loves Its Employees | ELCO Mutual

Posted by Admin on April 25, 2018

  “No duty is more urgent than that of returning thanks” --James Allen: British Author, Philosophical Writer This Friday March 3rd, marks National Employee Appreciation Day.  Celebrated since 1995 in both Canada and the United States, it is a time to celebrate the efforts of those individuals who serve as the foundation for some of America’s success stories.  This positive day of celebration begs the question:  Is one day really enough?  We think not.  That said, ELCO Mutual believes it’s a good excuse to remind ourselves of the power of appreciation and why ...

Read More

Veteran's Day 2017 | ELCO Mutual

Posted by Admin on April 25, 2018

          This Veterans Day, we at ELCO wish to honor our military veterans and current service members. The sacrifices these men and women have given (some giving the ultimate sacrifice) have provided us the freedom we all too often take for granted.  On behalf of ELCO Mutual and our staff, we extend our most heartfelt thanks to all veterans and military service members.  The next time you see a veteran or military service man or woman, tell them thanks for their service to our country.  You’ll both smile as a result.

Read More

ELCO’s First Annual “Season of Giving” | ELCO Mutual

Posted by Admin on April 25, 2018

  ELCO is proud of our participation in giving programs such as Bernie’s Book Bank here in Lake County, Illinois and Feed My Starving Children for those all over the world.  ELCO’s Season of Giving, will help a few local, less fortunate families, to have a Happy Holiday. In partnership with Catholic Charities, ELCO has been assigned four families. These families consist of the children in that family, ranging from ages newborn to 18 years of age. There are 4 children in each family.  ELCO employees and their families will providing holiday gifts and winter ...

Read More

ELCO Celebrates its 70th Anniversary | ELCO Mutual

Posted by Admin on April 25, 2018

  On June 3rd ELCO Celebrated its 70th Anniversary by having a Celebration for our Agents, ELCO Employees and their families.

Read More

Department of One | ELCO Mutual

Posted by Admin on April 25, 2018

  The Society for Human Resources Management (SHRM) met again in 2017, representing 285,000 members in more than 165 countries.  Among them, our very own Lori Lemme.  Lori has been our representative at these conferences many times during her 7 years with ELCO Mutual.  We thought it would be a good opportunity to take a fresh look at the past, present, and future of our “Department of One”.    A dinner engagement 7 years ago gave birth to Lori Lemme’s new career with ELCO.   She left her position at a media advertising company where she handled a variety of ...

Read More

ELCO Mutual's Sand Volleyball Team

Posted by Admin on February 26, 2018

  Volleyball has been a growing sport in the United States since its creation in 1895 by a YMCA physical education director named William G. Morgan. The sport not only spread within the states, but also worldwide with over 800 million players. Volleyball became an Olympic sport in 1964 and is now the second most popular sport to only soccer.   Why do I bring up the sport of volleyball you ask? Because ELCO Mutual has a local team of their own playing in a recreational league just a couple towns over in Gages Lake, IL. You may also ask yourself, “hitting a ...

Read More