First City Credit Unionbenefits

First City Credit Union's benefits plans covered 123 active participants in 2024, providing health · life · dental · vision · long-term disability · other. Insurance premiums totaled $90,788. Insurance brokers and agents were paid $121,224 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 133.5% of premiums. That is $986 per covered person, in the top 10% of employer plans that report broker pay. Broker pay rose 31% from $92,687 in 2023.