About us

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Dedicated To Educators Like You.

Since 1976, Creative Benefits for Educators has been working tirelessly to meet the unique needs of Florida’s education community. We were created “for educators – by educators,” meaning we understand firsthand the financial struggles you may encounter.

Our mission is to make a tangible difference in the financial lives of Florida’s educators and their families. We offer a range of financial products and services specifically designed with you in mind. With our comprehensive approach, known as the CBE advantage, we aim to provide you with the peace of mind and protection you deserve.

We know that your most important assets are your family and your possessions. That’s why our team at Creative Benefits for Educators is dedicated to helping you safeguard them. We offer competitive rates on insurance and financial solutions that will empower you to protect what matters most.

Our History

PESCO is founded with FEA/United as a 50% shareholder.

PESCO becomes a subsidiary of Fringe Benefits Management Company (FBMC).
FEA/United acquires PESCO. Company adopts “financial and retirement planning” as the core service to members.
PESCO and Met Life create PESCO Plus; PESCO becomes profitable for the first time since separation from FBMC.
PESCO and Liberty Mutual joint ventures new “best in the nation” auto/homeowners program for Florida educators. Profits rise.
PESCO buys Met Life’s share of PESCO Plus … creates partnership with VALIC. Services continue to grow.
Transfers controlling ownership to FEA locals … Florida Legislature adopts pension reform.
Distributes additional shares leading to 99 FEA locals becoming PESCO shareholders. “Members Only” enrollments expand.
Auto/Home Insurance Program (Educators Plus/Liberty Mutual) extended through 2012. DROP education offered to all educators.
Teamed up with American Fidelity, an industry leader in worksite enrollments to expand “Members Only” benefits throughout the state.
Company changes name to Creative Benefits for Educators (CBE)
CBE implements new Member Benefits Program to develop local Action Plans, enhance the value of membership and increase the membership base.
CBE assists FEA and other major education organizations to lead nation in the reform of 403b investments with development of the Model Plan, potentially saving employees billions of dollars over the next 20 years.
CBE partners with Jackson Hewitt to provide significant discounts to members for income tax preparation services.
Under a shareholder approved buyout plan, FEA locals aquire 100% ownership of Creative Benefits for Educators.
Edward Baum was elected president of CBE. Jim Geiger remains as Chairman of the Board.
CBE partners with BMG Money to offer the LoansAtWork program – payroll-deducted emergency loans designed to protect members from predatory payday loans.
H&R Block, the world’s largest tax preparation company, becomes a CBE Partner serving Members throughout Florida.
Sharon Beardman was elected president of CBE. Jim Geiger remains as Chairman of the Board.
Auto/Home Insurance Program (Educators Plus/Liberty Mutual) extended through 2012. DROP education offered to all educators.
Teamed up with American Fidelity, an industry leader in worksite enrollments to expand “Members Only” benefits throughout the state.
Creative Benefits partners with CrossCountry Mortgage to provide home mortgages with one of the nations top lenders featuring reduced fees for FEA Members.

CBE teams with Suncoast Credit Union to provide FEA members with Financial Guidance and Planning through Educators Choice, its innovative package of benefits and services.

A Team Dedicated to Finding Financial Security for Educators and Staff

SHAREHOLDERS REPORT

To Our Shareholders

We are pleased to report that a dividend has been paid to shareholders for a record 26th consecutive year. Even during troubled times, Creative Benefits for Educators brings added value to membership while rewarding its shareholders.

Our Name Says Who We Are

In 2006 the Board and Shareholders approved a change in the company name to Creative Benefits for Educators (CBE). We believe this name accurately describes who we are and what we do. CBE has a new name, but it continues to provide the same high quality service you have come to trust.

This is our business… and it’s our only business.

CBE Proves Membership Doesn’t Cost, It Pays!

A Focus on Performance

Our Business Partners

  • Auto/Home Insurance. Underwritten by Liberty Mutual, Educators Plus is recognized as one of the premier automobile and homeowner insurance programs in the nation and has been designed to meet the special needs of Florida's education community. With Educators Plus, the normal deductible is waved if the policyholder's car is vandalized or stolen while on school property. Competitive auto insurance rates are made even more attractive due to an extra "Members Only" discount of 10%
  • Members Only Enrollments. American Fidelity has now partnered with Creative Benefits to provide key insurance programs to members at the worksite featuring convenient payment through payroll deduction. These "Members Only" enrollments have also proven to be a successful membership recruitment tool netting FEA locals nearly 3,000 members over the last five years. These new members generate more than $1.65 million per year in additional dues revenue.
  • Emergency Loans: BMG Money, Inc., and their LoansAtWork program, provides members an alternative to high cost payday loans. School districts and other public employers throughout Florida are embracing this option for all employees. Not everyone can qualify for credit union or bank loans. When emergencies happen and there is nowhere else to turn, LoansAtWork can be a cost effective option. These loans are payroll-deducted and do not require any specific credit ratings. As a result of this, the programs are implemented by the School Districts with this payroll deduction feature.
  • Founded by local educators in 1934, Suncoast Credit Union has grown to become the largest credit union in Florida. Suncoast aims to help members live their best financial lives. Through Educators Choice® the Suncoast team offers educators a robust program of financial education and guidance seminars and financial planning services to meet FEA members' financial needs, from everyday banking through retirement planning. We're committed to helping the FEA education community achieve their vision for financial health and wellness in retirement.

Key Financial Indicators