Ideal Credit Union

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A short history of Ideal CU

Since its inception in 1926 the Ideal Credit Union has been serving its members in the WOODBURY, Minnesota area with exceptional financial products. You can find their current interest rates on used car loans, new car loans, 1st mortgage loans and interest rates on both fixed and adjustable mortgages here on these pages. Currently led by Brian Sherrick, the Ideal CU has grown its membership to over 51,639 with assets of more than $688,624,222. They have a main office and 7 branch offices. Please see the credit unions website or contact them by phone at (651) 770-7000 or email them at to get exact details . There are many other credit unions in the local area. See them all here. Credit Unions in WOODBURY, MN.

General Information For Ideal CU was taken from their 6/30/2017 quarterly report, which is the most current available public information.

Charter Number 62978
Address 8499 TAMARACK RD 
State Minnesota 
Zip-Code 55125
Phone Number (651) 770-7000
Fax Number (651) 747-8939
Email Address:
CEO/President Brian Sherrick
Members 51,639 
Full-Time Employees 132 
Part-Time Employees 24 
Number of Branch Offices
Total Assets 688,624,222 

Compare Ideal Credit Union To Other Local Credit Unions

Credit Union Name
Branch Name
Zip Code
Phone Number
ATM Access
Distance (Miles)
Novation CU Hutchinson Branch 45 Hassan St SE 55350 (320) 587-4666 No 2.43
Riverview CU Main Office 115 Hardman Ave S 55075 (651) 224-4631 No 4.57
Metropolitan Services CU Main Office 475 Etna St Ste 10 55106 (651) 602-8105 No 5.38
St. Paul CU Conway 1330 Conway St Ste 200 55106 (651) 772-8744 No 5.50
Wakota CU Main Office 1151 Southview Blvd 55075 (651) 451-3330 No 5.54

Ideal Credit Union Financial Performance Charts

Performance Charts

Website Image

Financial Data

Ideal Credit Union Lowest Loan Rates With State and USA Rankings

Unsecured Credit Card New Car Loans Used Car Loans 1st Mortgage Loans Other Real Estate
Rate 10.90 2.69 4.39 4.00 5.25
Mean Rate For All USA Based Credit Unions 10.56 3.72 5.00 4.48 4.95
Rank Among All USA Credit Unions 332 107 250 138 260
Rank Among All Minnesota Credit Unions 26 17 46 20 34

Ideal Credit Union Highest Deposit Rates With State and USA Rankings

Checking Regular Savings Money Market Certificates of Deposits IRA/KEOGH
Rate 0.05 0.05 0.05 0.20 0.05
Mean Rate For All USA Based Credit Unions 0.19 0.26 0.29 0.73 0.66
Rank Among All USA Credit Unions 125 143 142 318 291
Rank Among All Minnesota Credit Unions 12 22 27 41 38
Ideal Credit Union Loans and Leases

Interest Rate Number of Loans Amount
Unsecured Credit Card Loans 10.9004,51617,496,554
All Other Unsecured Loans/Lines of Credit 14.0002,7007,248,250
Short-Term, Small Amount Loans (STS) (Federal CU Only) 0.00000
Non-Federally Guaranteed Student Loans 0.00000
New Vehicle Loans 2.6902,44535,884,056
Used Vehicle Loans 4.39010,315146,802,617
Total 1st Mortgage Real Estate Loans/Lines of Credit 4.0002,015245,178,958
Total Other Real Estate Loans/Lines of Credit 5.25076118,822,455
Leases Receivable 0.00000
Total All Other Loans/Lines of Credit 7.9003,12358,880,797
TOTAL LOANS & LEASES 25,875530,313,687

Ideal Credit Union Real Estate Loans and Lines of Credit


No. of Loans Outstanding Amt of Loans Outstanding No. of Loans Granted Year- to-Date Amount Granted Year-To-Date
Fixed Rate
    a. > 15 years 825130,327,9235910,440,414
    b. 15 Years or less 1,09494,311,790333,136,316
    a. > 15 years 5915,613,342152,771,370
    b. 15 Years or less 374,925,9031300,000
Other Fixed Rate 0000
Adjustable Rate 1 yr or less 0000
Adjustable Rate > 1 yr 0000


Closed-End Fixed Rate 3658,253,0232485,722,201
Closed-End Adjustable Rate 0000
Open-End Adjustable Rate 39610,569,43222329,154
Open-End Fixed Rate 0000
TOTALS 2,776264,001,41337822,699,455


Interest Only & Payment Option 1st Mortgage Loans 1892,5000
Interest Only & Payment Option Other RE/LOC Loans 5168,030,897240,153
    a. Federally Insured Home Equity Conversion Mortgage (HECM) 0000
    b. Proprietary Reverse Mortgage Products 0000

Ideal Credit Union Member Offerings
First Time Homebuyer Program Yes
Real Estate Loans Yes
Pay Day Lending No
Share Secured Credit Cards Yes
Overdraft Protection/Courtesy Pay Yes
Overdraft Lines of Credit Yes
ATM/Debit Card Program Yes
Interest Only and Payment Option 1st Mortgage Loans Yes
Check Cashing Yes
Money Orders Yes
No Surcharge ATMs Yes
Home Banking Via Internet Website Yes