Michigan First Credit Unionbenefits

Michigan First Credit Union's benefits plans covered 489 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $476,384. Insurance brokers and agents were paid $127,966 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 26.9% of premiums. That is $262 per covered person, above the median for employer plans that report broker pay. Broker pay rose 37% from $93,647 in 2024.