First Credit Unionbenefits

First Credit Union's benefits plans covered 122 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $99,388. Insurance brokers and agents were paid $102,837 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 103.5% of premiums. That is $843 per covered person, in the top 10% of employer plans that report broker pay. Broker pay fell 3.4% from $106,408 in 2023.