Members 1ST Federal Credit Unionbenefits

Members 1ST Federal Credit Union's benefits plans covered 1,205 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $735,933. Insurance brokers and agents were paid $46,937 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 6.4% of premiums. That is $39 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay rose 5.2% from $44,614 in 2023.