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Filing year 2024

IDEAL CREDIT UNION

Woodbury, Minnesota·EIN 41-0519270·14
Total revenue
$63.1M
Total assets
$1B
Total expenses
$59.8M
Reported officers
31
Mission

TO PROVIDE FINANCIAL SERVICES TO OUR MEMBERSHIP INCLUDING LOANS, DEPOSITS AND OTHER MISCELLANEOUS SERVICES.

Executive compensation, broken down

Form 990 · Schedule J · 31 reported individuals · Filing year 2024

Base
$610k
Bonus
$98k
Other
$23k
Benefits
$16k
$543k
$579k
Base
$409k
Bonus
$69k
Other
$14k
Benefits
$16k
Wealth Management Advisor
highest compensated employee
$512k
$546k
Base
$91k
Bonus
$390k
Other
$6k
Benefits
Chief Technology Officer
officer (unspecified)
$505k
$539k
Base
$272k
Bonus
$36k
Other
$150k
Benefits
$16k
Chief Growth Officer
officer (unspecified)
$424k
$453k
Base
$292k
Bonus
$39k
Other
Benefits
$14k
Clo
officer (unspecified)
$400k
$427k
Base
$292k
Bonus
$37k
Other
Benefits
SVP Member Experience
senior vice president
$356k
$380k
Base
$245k
Bonus
$27k
Other
$50k
Benefits
$10k
Chief Financial Officer
$286k
$305k
Base
$229k
Bonus
$20k
Other
Benefits
$13k
SVP HR & Admin
senior vice president
$286k
$305k
Base
$225k
Bonus
$25k
Other
Benefits
$10k
SVP Ops
senior vice president
$285k
$304k
Base
$216k
Bonus
$25k
Other
Benefits
$19k
SVP Mortgage and Consumer
senior vice president
$285k
$304k
Base
$230k
Bonus
$25k
Other
Benefits
$5k
VP Risk
vice president
$236k
$252k
Base
$196k
Bonus
$17k
Other
Benefits
$2k
VP Enterprise Applications
vice president
$204k
$217k
Base
$166k
Bonus
$14k
Other
Benefits
$5k
VP Business Lending
vice president
$203k
$217k
Base
$168k
Bonus
$14k
Other
Benefits
$3k
VP Ops
vice president
$202k
$216k
Base
$156k
Bonus
$14k
Other
Benefits
$15k
VP Marketing
vice president
$202k
$215k
Base
$158k
Bonus
$14k
Other
Benefits
$14k
Bod - Chairman
board chair
$8k
$8k
Bod - Secretary
officer (unspecified)
$4k
$4k
Board of Directors
board member
$3k
$3k
Bod - Vice Chairman
board chair
$3k
$3k
Board of Directors
board member
$3k
$3k
Board of Directors
board member
$2k
$2k
Sup Committee - Chairman
board chair
$2k
$2k
Board of Directors
board member
$2k
$2k
Advisory Committee - Chairman
board chair
$2k
$2k
Board of Directors
board member
$1k
$2k
Board of Directors - Assoc
board member
$875
$933
Advisory Committee
board member
$850
$907
Advisory Committee
board member
$613
$654
Advisory Committee
board member
$238
$254
Advisory Committee
board member
$75
$80

Teal figures restate each filed amount in 2026 dollars.

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Down 2%
from 2023

From $989k in 2023 to $965k in 2024.

$989k
2023
$965k
2024
In today's dollarsEst.
Down 5% in real terms$1.1M to $1M

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

IDEAL CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$56.2M
$50.6M
2023
$63.1M
$59.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
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