The Summit Federal Credit Unionbenefits

The Summit Federal Credit Union's benefits plans covered 253 active participants in 2025, providing health · life · dental · vision · long-term disability · death benefits · other. Insurance premiums totaled $2,202,756. Insurance brokers and agents were paid $99,284 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 4.5% of premiums. That is $392 per covered person, above the median for employer plans that report broker pay. Broker pay rose 13% from $87,966 in 2024.