Merrimack Valley Credit Unionbenefits

Merrimack Valley Credit Union's benefits plans covered 301 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $4,099,011. Insurance brokers and agents were paid $109,723 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.7% of premiums. That is $365 per covered person, above the median for employer plans that report broker pay. Broker pay fell 2.8% from $112,833 in 2023.