This is a self-funded program that provides participating MBA member banks with Workers’ Compensation coverage and is designed and managed exclusively for banks. Established in 1981, MBWCF remains the only self-insured group workers compensation fund for banks in the country. This program as distributed over $22.9 million of unused claim and investment income back to participating members. The fund currently insures nearly 12,000 bank employees in Michigan.
Several Michigan bankers are featured in a brief video, produced by the MBA, discussing how their banks benefitted from the MBA Workers Comp Fund.