Michigan State University Federal Credit Unionbenefits

Michigan State University Federal Credit Union's benefits plans covered 1,372 active participants in 2025, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,285,819. Insurance brokers and agents were paid $131,698 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 10.2% of premiums. That is $96 per covered person, below the median for employer plans that report broker pay. Broker pay fell 23% from $170,848 in 2024.