Sound Credit Unionbenefits

Sound Credit Union's benefits plans covered 412 active participants in 2024, providing health · life · dental · vision · short-term disability · long-term disability · death benefits. Insurance premiums totaled $388,300. Insurance brokers and agents were paid $53,752 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 13.8% of premiums. That is $130 per covered person, below the median for employer plans that report broker pay. Broker pay rose 9.8% from $48,942 in 2023.