Michigan Schools and Government Credit Unionbenefits

Michigan Schools and Government Credit Union's benefits plans covered 450 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $7,447,121. Insurance brokers and agents were paid $173,911 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 2.3% of premiums. That is $386 per covered person, above the median for employer plans that report broker pay. Broker pay rose 13% from $154,219 in 2024.