NonprofitsIdeal Credit Union

Ideal Credit Union

WOODBURY, MN

Total revenue

$63.1M

Total expenses

$59.8M

Net assets

$108.8M

Grants received

EIN

410519270

Tax year

2024

Mission

To provide financial services to our membership.

Programs

2 programs

The credit union provides a wide array of deposit products to our members including savings, money market, ira's, cd's and checking. Attached to the checking we offer access to atm's, debit cards, ach and other payment systems.

The credit union provides access to all members through both telephone and internet services.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$55.8M
Investment income$7.3M
Other revenue
Total revenue$63.1M

Expenses

Grants paid
Salaries & benefits$20.1M
Fundraising
Other expenses$23.9M
Total expenses$59.8M
Total assets$1.0B
Net assets$108.8M

People

31 listed

NameRoleCompensation

BRIAN SHERRICK

CEO

Board

$731K

40 hrs/wk

DENNIS BAUER

CFO - EVP

Board

$492K

40 hrs/wk

LAWRENCE MIGGLER

CHIEF TECHNOLOGY OFFICER

Board

$457K

40 hrs/wk

ALISHA JOHNSON

CHIEF GROWTH OFFICER

Board

$331K

40 hrs/wk

RICK BLOOD

CLO

Board

$329K

40 hrs/wk

PETER OLSEN

BOD - CHAIRMAN

Board

$8K

1 hrs/wk

CHRIS VOLKERS

BOD - SECRETARY

Board

$4K

1 hrs/wk

PAUL FAHEY

BOARD OF DIRECTORS

Board

$3K

1 hrs/wk

CRAIG SPREITER

BOD - VICE CHAIRMAN

Board

$3K

1 hrs/wk

LEWIS LAMBERT

BOARD OF DIRECTORS

Board

$3K

1 hrs/wk

LISA LIDDELL

BOARD OF DIRECTORS

Board

$2K

1 hrs/wk

RICHARD OSBORN

SUP COMMITTEE - CHAIRMAN

Board

$2K

1 hrs/wk

JIM MOSNER

BOARD OF DIRECTORS

Board

$2K

1 hrs/wk

LAURA PORT

ADVISORY COMMITTEE - CHAIRMAN

Board

$2K

1 hrs/wk

MARY WESTBURG

BOARD OF DIRECTORS

Board

$1K

1 hrs/wk

DANIELLE DUCHEMIN

BOARD OF DIRECTORS - ASSOC

Board

$875

1 hrs/wk

SARA MARUSKA

ADVISORY COMMITTEE

Board

$850

1 hrs/wk

MARCO BUCHMAYER

ADVISORY COMMITTEE

Board

$613

1 hrs/wk

SARA RACINE

ADVISORY COMMITTEE

Board

$238

1 hrs/wk

ERIN PETSCHEL

ADVISORY COMMITTEE

Board

$75

1 hrs/wk

CRAIG LUNDQUIST

WEALTH MANAGEMENT ADVISOR

Staff

$488K

40 hrs/wk

HERBERT HALL

SVP MEMBER EXPERIENCE

Staff

$321K

40 hrs/wk

FAITH THOLKES

SVP MORTGAGE AND CONSUMER

Staff

$254K

40 hrs/wk

EMILY KELLY

SVP HR & ADMIN

Staff

$250K

40 hrs/wk

AMARA MACKEY

CHIEF FINANCIAL OFFICER

Staff

$249K

40 hrs/wk

SHANNON BUTLER

SVP OPS

Staff

$241K

40 hrs/wk

SHARON RILLEY

VP RISK

Staff

$212K

40 hrs/wk

CRYSTAL CURRIER

VP BUSINESS LENDING

Staff

$182K

40 hrs/wk

JENNIFER HANSON

VP ENTERPRISE APPLICATIONS

Staff

$181K

40 hrs/wk

JANE HENNEN

VP MARKETING

Staff

$172K

40 hrs/wk

COURTNEY HUSSEY

VP OPS

Staff

$170K

40 hrs/wk

Independent contractors

FISERV

CORE PROCESSING AND ACCOUNTING SYSTEMS

$1.6M

ALKAMI

ONLINE BANKING SYSTEM

$777K

JSML MEDIA LLC

STRATEGIC MEDIA SERVICES

$527K

IT1 SOURCE LLC

NETWORKING & DATA MANAGEMENT

$384K

VELOCITY

DIRECT MAIL MARKETING

$315K

Details

EIN410519270
Subsection14
Ruling date1944-09
Formed1926
Employees234
Volunteers0
IDEAL CREDIT UNION — Mission, Financials & Grants Received | Grantivo