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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Ideal Credit Union

Ideal Credit Union

Fiscal year ending 2017. Filed on June 18, 2018.

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 2017 IRS Form 990 filing, Ideal Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 7 out of 215 total employees. Among the employees shown here, the average compensation is $377,469. The highest compensated employee at Ideal Credit Union is Brian Sherrick with fiscal year 2017 compensation of $644,839.

Revenue, expenses, and employee compensation

Revenue

$32,591,582

Expenses

$27,091,041

Employee compensation

$12,433,914
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Brian Sherrick
Chief Executive Officer
$644,839
$486,998 No related comp$157,841
Dennis Bauer
Chief Financial Officer
$607,658
$531,495 No related comp$76,163
Jeanine Swanson
Senior Vice President
$394,297
$361,797 No related comp$32,500
Alisha Johnson
Senior Vice President
$312,211
$249,959 No related comp$62,252
Lawrence Miggler
Senior Vice President
$310,470
$229,880 No related comp$80,590
Faith Thokes
Vice President of Mortgage Operations
$192,877
$165,325 No related comp$27,552
Roxanne Sonnek
Vice President of Accounting/Payment S
$179,931
$161,057 No related comp$18,874

Benchmark Employee Compensation

Non-Employee Board Members

Keith E Hauge
Chair
$5,184
$5,184 No related compNo other comp
Craig Spreiter
Director
$4,385
$4,385 No related compNo other comp
Robert Vance
Secretary
$3,455
$3,455 No related compNo other comp
Peter Olsen
Vice Chair
$3,351
$3,351 No related compNo other comp
Laurie Ludwig
Director
$3,204
$3,204 No related compNo other comp
Judy Schadewald
Director
$3,143
$3,143 No related compNo other comp
Mary White
Director
$2,782
$2,782 No related compNo other comp
Lisa Liddell
Director
$2,538
$2,538 No related compNo other comp
Daniel L Blees
Director
$2,460
$2,460 No related compNo other comp
Paul Fahey
Associate Director
$2,000
$2,000 No related compNo other comp

Contractors

Works Computing Inc.
Computer Equipment and Hardware/Software
$423,787
Harland
Core Processing System/Statements and Ta
$340,538
Case Financial Inc.
ATM and Tdr Hardware Equipment and Compu
$290,301
First Data Funds Express
Online Banking Billpay and Mobile Chec
$277,387
James Steele Construction
Office Remodel and New Branch Constructi
$234,684

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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