Sidney Federal Credit Unionbenefits

Sidney Federal Credit Union's benefits plans covered 204 active participants in 2024, providing health · life · dental · vision · long-term disability. Insurance premiums totaled $2,159,556. Insurance brokers and agents were paid $111,926 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 5.2% of premiums. That is $549 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 14% from $97,892 in 2023.