Established in 1982, Bankers Cooperative Group, Inc. (BCG) is the self contained brokerage facility for members and associate members of the New Jersey Bankers Association (NJBankers). Today, BCG is the leading provider of employee benefit programs for New Jersey’s banking industry. As administrator of the New Jersey Bankers Association sponsored Employee Benefits Trust EBT), BCG is able to leverage almost 8,000 industry employees and their dependents to negotiate group employee benefit programs and pricing not generally attainable on an individual employer basis. To satisfy the varied needs of the NJBankers membership, the EBT offers multiple choices for dental, life insurance, long term disability, and vision product lines.
In partnership with Gronczniak Specialty Lines, Inc., BCG delivers a “buyers advantage” approach that enables financial institutions to make informed purchasing decisions on their D&O, fidelity bond, employment practices, mortgage impairment, internet liability, debit card and other bank specific insurance programs. Unlike many brokers who may only have one financial institution client, BCG’s penetration in the specialty lines market affords us pricing and coverage enhancements that other brokerages are both unaware of or cannot attain.
The “Cooperative” in our name is what sets us apart from the competition. Since 1998, BCG has returned $2 million in patronage dividends to our shareholders and EBT participants. Simply put, the more business you do with BCG, the greater your share of future declared patronage dividends will be.