IDEAL Credit Union Profile

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IDEAL

Charter #62978 | NCUA Region 3 | FISCU
Low-Income Designation: No
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (651) 770-7000

Fax: (651) 747-8939

Founding Date: N/A

Website: http://www.idealcu.com

Personnel & Operations

President: Olsen, Peter

Manager: Sherrick, Brian

FT Employees: 161

PT Employees: 5

Designations & Ratios

MDI Status: No

RBC Ratio: 0%

Membership Type: 99

Branches: 6

Hours: M,T,TH,F 9AM-5PM LOBBY W 10AM-5PM LOBBY S

Credit Union Profile Summary

IDEAL is a FISCU Credit Union. With a total of 49,381 members [1], this institution manages approximately $1,085,920,476 in total assets [1]. It does not currently hold a Low-Income Designation. Key financial indicators show a solid Net Worth Ratio of 10.47% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 5.82% [1].

Financial Snapshot

Total Assets [1]
$1,085,920,476

Total economic resources.

Total Loans [1]
$870,494,992

Total value of outstanding loans.

Total Deposits [1]
$904,151,404

Total funds deposited by members.

Members [1]
49,381

Number of active members.

Performance Ratios

Net Worth Ratio [1]
10.47%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
0.39%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
96.28%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 6.29%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↑ 5.82%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↓ -1.53%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

8499 TAMARACK RD

WOODBURY, MN, 55125-9201
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

Rate This Credit Union

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Branch Locations

Found 6 branches reported by IDEAL (Charter #62978).

Main Office

Woodbury Main Office

Type: Corporate Office

8499 Tamarack Rd

Woodbury, MN 55125-9201

Phone: (651) 770-7000

Services: Member Services, ATM, Drive-Thru

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Additional Branches

Eagan

Eagan

Type: Branch Office

3225 Denmark Ave

Eagan, MN 55121-1382

Phone: (651) 770-7000

Services: Member Services, ATM, Drive-Thru

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Hugo

Hugo

Type: Branch Office

14750 Victor Hugo Blvd N

Hugo, MN 55038-4561

Phone: (651) 770-7000

Services: Member Services, ATM, Drive-Thru

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Inver Grove Heights

Inver Grove Heights

Type: Branch Office

7791 Amana Trl

Inver Grove Heights, MN 55077-2610

Phone: (651) 770-7000

Services: Member Services, ATM

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North Saint Paul

North

Type: Branch Office

2401 McKnight Rd N

North Saint Paul, MN 55109-2211

Phone: (651) 770-7000

Services: Member Services, ATM, Drive-Thru

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Stillwater

Stillwater

Type: Branch Office

2020 Washington Ave S

Stillwater, MN 55082

Phone: (651) 770-7000

Services: Member Services, ATM, Drive-Thru

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