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Filing year 2024

IDEAL CREDIT UNION

Woodbury, Minnesota·EIN 41-0519270·501(c)(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 · Part VII & Schedule J · 31 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

CEO
Above 90th percentile
$965k
$1M
Base
$610k
Bonus
$98k
Other
$23k
Benefits
$16k
CFO - EVP
Above 90th percentile
$543k
$579k
Base
$409k
Bonus
$69k
Other
$14k
Benefits
$16k
Wealth Management Advisor
Highest Compensated Employee
Above 90th percentile
$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
Median to 75th percentile
$356k
$380k
Base
$245k
Bonus
$27k
Other
$50k
Benefits
$10k
Chief Financial Officer
Above 90th percentile
$286k
$305k
Base
$229k
Bonus
$20k
Other
Benefits
$13k
SVP HR & Admin
Senior Vice President
Median to 75th percentile
$286k
$305k
Base
$225k
Bonus
$25k
Other
Benefits
$10k
SVP Ops
Senior Vice President
Median to 75th percentile
$285k
$304k
Base
$216k
Bonus
$25k
Other
Benefits
$19k
SVP Mortgage and Consumer
Senior Vice President
Median to 75th percentile
$285k
$304k
Base
$230k
Bonus
$25k
Other
Benefits
$5k
VP Risk
Board Vice President
75th to 90th percentile
$236k
$252k
Base
$196k
Bonus
$17k
Other
Benefits
$2k
VP Enterprise Applications
Board Vice President
Median to 75th percentile
$204k
$217k
Base
$166k
Bonus
$14k
Other
Benefits
$5k
VP Business Lending
Board Vice President
Median to 75th percentile
$203k
$217k
Base
$168k
Bonus
$14k
Other
Benefits
$3k
VP Ops
Board Vice President
Median to 75th percentile
$202k
$216k
Base
$156k
Bonus
$14k
Other
Benefits
$15k
VP Marketing
Board Vice President
Median to 75th percentile
$202k
$215k
Base
$158k
Bonus
$14k
Other
Benefits
$14k
Bod - Chairman
Board Chair
25th percentile to median
$8k
$8k
Bod - Secretary
Officer (Unspecified)
$4k
$4k
Board of Directors
Board Member
10th to 25th percentile
$3k
$3k
Bod - Vice Chairman
Board Chair
10th to 25th percentile
$3k
$3k
Board of Directors
Board Member
10th to 25th percentile
$3k
$3k
Board of Directors
Board Member
10th to 25th percentile
$2k
$2k
Sup Committee - Chairman
Board Chair
10th to 25th percentile
$2k
$2k
Board of Directors
Board Member
10th to 25th percentile
$2k
$2k
Advisory Committee - Chairman
Board Chair
10th to 25th percentile
$2k
$2k
Board of Directors
Board Member
10th to 25th percentile
$1k
$2k
Board of Directors - Assoc
Board Member
Below 10th percentile
$875
$933
Advisory Committee
Board Member
Below 10th percentile
$850
$907
Advisory Committee
Board Member
Below 10th percentile
$613
$654
Advisory Committee
Board Member
Below 10th percentile
$238
$254
Advisory Committee
Board Member
Below 10th percentile
$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.

Pay for the position

Chief Executive Officer pay fell 2% from 2023 to 2024, while revenue rose 12%.

$989k in 2023 to $965k in 2024.
  • Highest Compensated Employee pay rose 16% from 2023 to 2024.
  • Senior Vice President pay rose 9% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

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.
FAQ

Common questions about IDEAL CREDIT UNION

What does the Chief Executive Officer of IDEAL CREDIT UNION earn?

In 2024, the Chief Executive Officer of IDEAL CREDIT UNION received $965,195 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at IDEAL CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Chief Executive Officer at IDEAL CREDIT UNION falls in the top 10%.

What are IDEAL CREDIT UNION's revenue and expenses?

In 2024, IDEAL CREDIT UNION reported $63.1M in total revenue and $59.8M in total expenses on its IRS Form 990.

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