Northland Area Federal Credit Unionbenefits

Northland Area Federal Credit Union's benefits plans covered 132 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits · other. Insurance premiums totaled $1,485,628. Insurance brokers and agents were paid $74,160 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.0% of premiums. That is $562 per covered person, in the top quarter of employer plans that report broker pay. Broker pay fell 1.3% from $75,156 in 2023.