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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 2022. Filed on November 3, 2023.

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 2022 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 232 total employees. Among the employees shown here, the average compensation is $368,682. The highest compensated employee at Ideal Credit Union is Brian Sherrick with fiscal year 2022 compensation of $1,033,314.

Revenue, expenses, and employee compensation

Revenue

$48,171,673

Expenses

$41,131,666

Employee compensation

$19,330,986
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Brian Sherrick
Chief Executive Officer
$1,033,314
$974,713 No related comp$58,601
Dennis Bauer
Chief Financial Officer and Executive Vice President
$634,388
$514,676 No related comp$119,712
Lawrence Miggler
Chief Technology Officer
$508,378
$432,516 No related comp$75,862
Alisha Johnson
Chief Growth Officer
$503,417
$457,878 No related comp$45,539
Rick Blood
CLO
$443,966
$417,333 No related comp$26,633
Craig Lundquist
Wealth Management Advisor
$409,393
$389,568 No related comp$19,825
Faith Tholkes
Senior Vice President Mortgage and Consumer Lending
$282,577
$253,159 No related comp$29,418
Herbert Hall
Senior Vice President Member Experience
$282,074
$255,596 No related comp$26,478
Emily Kelly
Senior Vice President HR and Admin
$279,833
$244,773 No related comp$35,060
Shannon Butler
Senior Vice President OPS
$270,339
$233,727 No related comp$36,612
Roxanne Sonnek
Vice President Accounting OPS
$230,011
$206,985 No related comp$23,026
Sharon Rilley
Vice President RISK
$228,636
$207,079 No related comp$21,557

Benchmark Employee Compensation

Non-Employee Board Members

Peter Olsen
Board Chair
$5,075
$5,075 No related compNo other comp
Craig Spreiter
BOD - VICE Chairman
$4,275
$4,275 No related compNo other comp
Lisa Liddell
Board Secretary
$3,525
$3,525 No related compNo other comp
Keith E Hauge
Board Member
$2,875
$2,875 No related compNo other comp
Lewis Lambert
Board Member
$2,875
$2,875 No related compNo other comp
Mary Westburg
Board Member
$2,641
$2,641 No related compNo other comp
Jim Mosner
Board Member
$2,638
$2,638 No related compNo other comp
Dan Olson
Board of Directors - Associate
$2,565
$2,565 No related compNo other comp
Richard Osborn
SUP Committee - Chairman
$2,088
$2,088 No related compNo other comp
Danielle Duchemin
Board Member
$1,663
$1,663 No related compNo other comp
Chris Volkers
Board Member
$1,525
$1,525 No related compNo other comp
Erin Petschel
SUP Committee
$1,388
$1,388 No related compNo other comp

Contractors

Fiserv
Core Processing System
$1,414,373
Alkami Technology Inc.
Online Banking System
$729,153
Pscu
Credit Card Processing
$566,379
Mastercard
Debit Card Processing
$485,011
Jsml Media LLC
Strategic Media
$431,438

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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