Financial Plus Credit Unionbenefits

Financial Plus Credit Union's benefits plans covered 257 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $2,521,536. Insurance brokers and agents were paid $153,401 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.1% of premiums. That is $597 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 8.8% from $140,940 in 2023.