Redwood Credit Unionbenefits

Redwood Credit Union's benefits plans covered 991 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · other. Insurance premiums totaled $88,861. Insurance brokers and agents were paid $66,460 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 74.8% of premiums. That is $67 per covered person, in the bottom quarter of employer plans that report broker pay. Broker pay was essentially unchanged from 2023.