The Nebraska Bankers Insurance & Services Company (NBISCO) was formed in 1981 as the NBA’s for-profit subsidiary with the sole mission of offering insurance products and services to NBA-member banks. NBISCO’s mission has evolved over the years to include preferred vendors, program administration and growing employee benefit programs, all with a focus on helping NBA members better compete and remain profitable in a highly regulated and evolving industry. More recently, NBISCO has expanded existing business lines and launched new products based on input and the needs of our members.

Following legislative changes in 2019, the Nebraska Department of Banking and Finance contracted with NBISCO to administer the state’s Single Bank Pooled Collateral (SBPC) program. The SBPC program allows participating banks to pledge collateral against their entire portfolio of public deposits rather than pledging per entity, thereby saving the bank both time and money. The SBPC program now counts 27 Nebraska banks as participants and offers services to more than 400 public depositors across Nebraska, representing total covered public deposits of more than $2.3 billion. Participants in the program experience firsthand how the SBPC program is a highly efficient and effective method to pledge against public deposits. More information about the program is available at nebankers.org/nepooledcollateral.

In late 2023, NBISCO signed an agreement with the Kentucky Bankers Association to jointly market the Bank Performance Report. This comprehensive report uses data from quarterly call reports to rank the overall performance of banks headquartered in each state and is available in printed and electronic or electronic-only options. Custom reports are also available. Currently, nine Nebraska banks subscribe to this service and rely on the quarterly reports to do in-depth peer analysis and comparisons. To learn more, visit www.bankperformancereport.com.

Most recently, NBISCO announced a new partnership with Zelle Human Resource Solutions to launch resourceHIVE,^TM a subscription-based virtual HR service. This partnership is one method to address a request we routinely receive from our member banks: successfully complying with the rapidly changing HR industry. Zelle’s Lincoln-based staff has more than 10 years of experience in both HR and financial services. The resourceHIVE^TM team can replicate and/or supplement your current HR efforts. On the web-based platform, questions are answered quickly and efficiently by a real person who is fluent in the language of HR. Other services include a resource library of HR policies and documents, compliance and audit support, virtual training for bank staff and leadership, exit interviews, virtual meetings with bank HR staff and many others. The resourceHIVE^TM service packages represent substantial savings from other HR service alternatives. Visit thehivehr.com to learn more or request a product demonstration.

I am highlighting these new and expanded NBISCO services not as a marketing effort but rather to reinforce that your NBISCO/NBA staff take member input very seriously. We routinely discuss existing and new products and services our bank members can embrace to reduce costs, increase revenue and better meet customer expectations. If you have recommendations for specific bank products or services, I encourage you to share your feedback with any member of our NBISCO/NBA team. Together, we can find strategies to better support your customers, communities and employees.