Edward (Gary) Phoebus is the President and CEO of NEA’s
Member Benefits Corporation (NEA’s MBC), a wholly-owned subsidiary of the
National Education Association (NEA), charged with using the group-purchasing
power of NEA’s 3.2 million members to develop, market, and manage financial
services, investment, professional development and insurance programs to help
make NEA members’ lives better. As President
and CEO, Mr. Phoebus has oversight responsibility for the marketing and
administration of NEA’s MBC’s 27 products, for its $63 million budget, and 108
staff people. Mr. Phoebus acts as chief
liaison to NEA’s MBC’s staff union and as management spokesperson.
Mr. Phoebus has worked with NEA members for 27 years in
various roles with NEA’s MBC. As Vice
President with primary responsibility for managing the NEA Members Insurance
Trust (NEA MIT), Mr. Phoebus had oversight responsibility for a $15 million
marketing budget, and a program which generates over $60 million in member
contributions, and over $45 billion in insurance coverage.
From 1982 to 1995, Mr. Phoebus worked very closely with
NEA’s state and local affiliates to help develop state and local member
benefits programs, and to promote NEA membership through NEA’s MBC
programs. As Executive Manager of the
Company’s Affiliate Relations unit, Mr. Phoebus created NEA’s MBC’s very
successful field-based service delivery program which today has fifteen staff
people placed in the field to assist state and local affiliates with membership
recruitment through the use of NEA’s MBC programs. Throughout his 25 years, Mr. Phoebus has
worked with every NEA state affiliate, countless local affiliates, and
thousands of members on topics ranging from financial planning, to
understanding fiduciary responsibilities, to program and product development.
Prior to joining NEA’s MBC, Mr. Phoebus worked with The
Washington Center, a not-for-profit educational organization that brought
college students to Washington,
D.C. for internship
experiences. Mr. Phoebus was the
Center’s chief liaison to a national network of colleges and universities.
Mr.
Phoebus holds a Masters Degree in Public Policy from the University
of Maryland’s School
of Public Affairs, and a Bachelors of
Arts Degree from the University
of Maryland. He holds NASD series 7, 24, and 65
licenses. He has served on the Boards of
the Smithsonian Early Enrichment Center, the Certified Financial Planners Board
of Standards, and currently serves on the Board of the California Casualty
Insurance Group and the Board of NEA’s Health Information Network.