Ancorum Credit Unionbenefits

Ancorum Credit Union's benefits plan covered 136 active participants in 2024, providing life · long-term disability · death benefits · short-term disability · health · dental · vision · other. Insurance premiums totaled $79,319. Insurance brokers and agents were paid $6,622 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 8.3% of premiums. That is $49 per covered person, in the bottom quarter of employer plans that report broker pay.