Gulf Winds Credit Unionbenefits

Gulf Winds Credit Union's benefits plans covered 216 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $3,911,454. Insurance brokers and agents were paid $124,023 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 3.2% of premiums. That is $574 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 87% from $66,302 in 2023.