First Community Credit Unionbenefits

First Community Credit Union's benefits plans covered 364 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $189,575. Insurance brokers and agents were paid $102,535 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 54.1% of premiums. That is $282 per covered person, above the median for employer plans that report broker pay. Broker pay fell 40% from $171,835 in 2023.