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IDEAL CREDIT UNION

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Public IRS 990 nonprofit record

IDEAL CREDIT UNION

EIN 41-0519270 · Education (B)

What they do

to PROVIDE FINANCIAL SERVICES to OUR MEMBERSHIP INCLUDING LOANS, DEPOSITS and OTHER MISCELLANEOUS SERVICES.

Before you give

Should I give to this charity?

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We do not have enough spending detail

Basic public information is available, but it is not enough to judge how well donations are used. Ask the charity for a current spending breakdown and results.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders31 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$94.73spent for every $100 of revenueRevenue covered expenses this year.
$17.37in assets for every $1 spent this yearSome assets cannot be spent right away.
0.0%of its money came from giftsOther money may come from services or investments.

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  3. Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $965,195 for BRIAN SHERRICK (CEO). Compare pay with organizations of similar size and complexity.

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Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$63,119,291
Expenses$59,793,637
Annual surplus $3,325,654 Revenue was higher than expenses for this filing year.
See all reported dollar amounts
Revenue$63,119,291
Expenses$59,793,637
Assets$1,038,509,439
Income$117,213,574
Contributions$1,500
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
BRIAN SHERRICKCEO · 40 hrs/week $965,195Base $731,228 · Other $233,967
DENNIS BAUERCFO - EVP · 40 hrs/week $543,085Base $492,451 · Other $50,634
CRAIG LUNDQUISTWEALTH MANAGEMENT ADVISOR · 40 hrs/week $512,149Base $487,999 · Other $24,150
LAWRENCE MIGGLERCHIEF TECHNOLOGY OFFICER · 40 hrs/week $505,107Base $457,249 · Other $47,858
ALISHA JOHNSONCHIEF GROWTH OFFICER · 40 hrs/week $424,215Base $330,619 · Other $93,596
RICK BLOODCLO · 40 hrs/week $400,311Base $329,027 · Other $71,284
HERBERT HALLSVP MEMBER EXPERIENCE · 40 hrs/week $355,754Base $321,142 · Other $34,612
AMARA MACKEYCHIEF FINANCIAL OFFICER · 40 hrs/week $286,054Base $248,812 · Other $37,242
EMILY KELLYSVP HR & ADMIN · 40 hrs/week $285,916Base $249,648 · Other $36,268
SHANNON BUTLERSVP OPS · 40 hrs/week $285,119Base $240,678 · Other $44,441
FAITH THOLKESSVP MORTGAGE AND CONSUMER · 40 hrs/week $284,732Base $254,377 · Other $30,355
SHARON RILLEYVP RISK · 40 hrs/week $235,834Base $212,270 · Other $23,564

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (31)

BRIAN SHERRICKCEO

DENNIS BAUERCFO - EVP

CRAIG LUNDQUISTWEALTH MANAGEMENT ADVISOR

LAWRENCE MIGGLERCHIEF TECHNOLOGY OFFICER

ALISHA JOHNSONCHIEF GROWTH OFFICER

RICK BLOODCLO

HERBERT HALLSVP MEMBER EXPERIENCE

AMARA MACKEYCHIEF FINANCIAL OFFICER

EMILY KELLYSVP HR & ADMIN

SHANNON BUTLERSVP OPS

FAITH THOLKESSVP MORTGAGE AND CONSUMER

SHARON RILLEYVP RISK

JENNIFER HANSONVP ENTERPRISE APPLICATIONS

CRYSTAL CURRIERVP BUSINESS LENDING

COURTNEY HUSSEYVP OPS

JANE HENNENVP MARKETING

PETER OLSENBOD - CHAIRMAN

CHRIS VOLKERSBOD - SECRETARY

PAUL FAHEYBOARD OF DIRECTORS

CRAIG SPREITERBOD - VICE CHAIRMAN

LEWIS LAMBERTBOARD OF DIRECTORS

LISA LIDDELLBOARD OF DIRECTORS

RICHARD OSBORNSUP COMMITTEE - CHAIRMAN

JIM MOSNERBOARD OF DIRECTORS

LAURA PORTADVISORY COMMITTEE - CHAIRMAN

MARY WESTBURGBOARD OF DIRECTORS

DANIELLE DUCHEMINBOARD OF DIRECTORS - ASSOC

SARA MARUSKAADVISORY COMMITTEE

MARCO BUCHMAYERADVISORY COMMITTEE

SARA RACINEADVISORY COMMITTEE

ERIN PETSCHELADVISORY COMMITTEE

About this charity

Recognized since
January 1944
Location
8499 TAMARACK RD, WOODBURY, MN 55125-9201
County
Washington
In care of
BRIAN SHERRICK
Primary officer
BRIAN SHERRICK, CEO

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
January 1, 2024
Return type
990
Tax preparer
CLIFTONLARSONALLEN LLP
NTEE classification
Education (B)
IRS tax category
Education

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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