Charlotte Metro Federal Credit Unionbenefits

Charlotte Metro Federal Credit Union's benefits plan covered 293 active participants in 2023, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $165,925. Insurance brokers and agents were paid $79,320 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 47.8% of premiums. That is $271 per covered person, above the median for employer plans that report broker pay.