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In 1982, Blue Shield merged with The Blue Cross Association to form the Blue Cross and Blue Shield Association (BCBS). [11] Prior to 1986, organizations administering BCBS were tax exempt under 501(c)(4) as social welfare plans. The Tax Reform Act of 1986 revoked the exemption, however, because the plans sold commercial-type insurance.
Kansas City Blue Shield was formed in 1943. In 1982, the Kansas City Blue Cross and Blue Shield Plans merged, creating Blue Cross and Blue Shield of Kansas City. [6] In 2003, Kansas Insurance Commissioner Sandy Praeger denied a bid from Anthem (the fifth-largest US publicly traded health insurance company at the time) to purchase the company ...
The National Credit Union Administration is the U.S. independent federal agency that supervises and charters federal credit unions. As of December 31, 2022, there were 4,760 federally insured credit unions in the United States with 135.3 million members.
The company was founded in 1936 and is based in Chicago, Illinois with a network of offices in the United States. Health Care Service Corporation is the licensee of the Blue Cross and Blue Shield Association for five states. It concentrates its operations in Illinois, Montana, New Mexico, Oklahoma, and Texas.
The Cornerstone Credit Union League (Cornerstone) is a not-for-profit credit union league that publicly represents nearly 800 credit unions [1] across Arkansas, Kansas, Missouri,Oklahoma, and Texas. It communicates with and educates the general public on credit unions as a safe and secure financial institution, provides professional development ...
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On August 1, 2023, the CUNA and NAFCU boards of directors announced their intent to merge, forming a new entity called America's Credit Unions. [2] The merger was approved by CUNA and NAFCU members and became effective on January 1, 2024, when CUNA and longtime CUNA CEO Jim Nussle is the president and CEO of the new association.
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