Alabama Credit Unionbenefits

Alabama Credit Union's benefits plans covered 376 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability. Insurance premiums totaled $1,884,354. Insurance brokers and agents were paid $489,234 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 26.0% of premiums. That is $1,301 per covered person, in the top 10% of employer plans that report broker pay. Brokers were paid 5.3x the $92,055 reported for 2023.