Compensation 990

Ideal Credit Union

Fiscal year ending 2024. Filed on November 6, 2025.

8499 Tamarack Rd
Woodbury, Minnesota 55125

Ideal Credit Union (EIN: 41-0519270) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Ideal Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 16 out of 234 total employees. Among the employees shown here, the average compensation is $368,415. The highest compensated employee at Ideal Credit Union is Brian Sherrick with fiscal year 2024 compensation of $965,195.

Revenue, expenses, and employee compensation

Revenue

$63,119,291

Expenses

$59,793,637

Employee compensation

$20,147,500
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Brian Sherrick
Chief Executive Officer
$965,195
$731,228 from orgNo related comp$233,967 other
Dennis Bauer
Chief Financial Officer and Executive Vice President
$543,085
$492,451 from orgNo related comp$50,634 other
Craig Lundquist
Wealth Management Advisor
$512,149
$487,999 from orgNo related comp$24,150 other
Lawrence Miggler
Chief Technology Officer
$505,107
$457,249 from orgNo related comp$47,858 other
Alisha Johnson
Chief Growth Officer
$424,215
$330,619 from orgNo related comp$93,596 other
Rick Blood
CLO
$400,311
$329,027 from orgNo related comp$71,284 other
Herbert Hall
Senior Vice President Member Experience
$355,754
$321,142 from orgNo related comp$34,612 other
Amara MacKey
Chief Financial Officer
$286,054
$248,812 from orgNo related comp$37,242 other
Emily Kelly
Senior Vice President HR and Admin
$285,916
$249,648 from orgNo related comp$36,268 other
Shannon Butler
Senior Vice President OPS
$285,119
$240,678 from orgNo related comp$44,441 other
Faith Tholkes
Senior Vice President Mortgage and Consumer
$284,732
$254,377 from orgNo related comp$30,355 other
Sharon Rilley
Vice President RISK
$235,834
$212,270 from orgNo related comp$23,564 other

Non-Employee Board Members

Peter Olsen
Board Chair
$7,563
$7,563 from orgNo related compNo other comp
Chris Volkers
Board Secretary
$3,625
$3,625 from orgNo related compNo other comp
Paul Fahey
Board Member
$2,875
$2,875 from orgNo related compNo other comp
Craig Spreiter
BOD - VICE Chairman
$2,700
$2,700 from orgNo related compNo other comp
Lewis Lambert
Board Member
$2,500
$2,500 from orgNo related compNo other comp
Lisa Liddell
Board Member
$1,813
$1,813 from orgNo related compNo other comp
Richard Osborn
SUP Committee - Chairman
$1,738
$1,738 from orgNo related compNo other comp
Jim Mosner
Board Member
$1,650
$1,650 from orgNo related compNo other comp
Laura Port
Advisory Committee - Chairman
$1,563
$1,563 from orgNo related compNo other comp
Mary Westburg
Board Member
$1,413
$1,413 from orgNo related compNo other comp
Danielle Duchemin
Board of Directors - Assoc
$875
$875 from orgNo related compNo other comp
Sara Maruska
Advisory Committee Member
$850
$850 from orgNo related compNo other comp

Contractors

Fiserv
Core Processing and Accounting Systems
$1,613,143
Alkami
Online Banking System
$777,260
Jsml Media LLC
Strategic Media
$526,769
IT1 Source LLC
Networking and Data Management
$384,130
Velocity
Direct Mail Marketing
$315,262

Mission Statement

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

Revisions to this organization profile

November 6, 2025:
2024 Ideal Credit Union 990 filed
November 12, 2024:
2023 Ideal Credit Union 990 filed
November 3, 2023:
2022 Ideal Credit Union 990 filed

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