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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 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 No related comp$233,967
Dennis Bauer
Chief Financial Officer and Executive Vice President
$543,085
$492,451 No related comp$50,634
Craig Lundquist
Wealth Management Advisor
$512,149
$487,999 No related comp$24,150
Lawrence Miggler
Chief Technology Officer
$505,107
$457,249 No related comp$47,858
Alisha Johnson
Chief Growth Officer
$424,215
$330,619 No related comp$93,596
Rick Blood
CLO
$400,311
$329,027 No related comp$71,284
Herbert Hall
Senior Vice President Member Experience
$355,754
$321,142 No related comp$34,612
Amara MacKey
Chief Financial Officer
$286,054
$248,812 No related comp$37,242
Emily Kelly
Senior Vice President HR and Admin
$285,916
$249,648 No related comp$36,268
Shannon Butler
Senior Vice President OPS
$285,119
$240,678 No related comp$44,441
Faith Tholkes
Senior Vice President Mortgage and Consumer
$284,732
$254,377 No related comp$30,355
Sharon Rilley
Vice President RISK
$235,834
$212,270 No related comp$23,564

Benchmark Employee Compensation

Non-Employee Board Members

Peter Olsen
Board Chair
$7,563
$7,563 No related compNo other comp
Chris Volkers
Board Secretary
$3,625
$3,625 No related compNo other comp
Paul Fahey
Board Member
$2,875
$2,875 No related compNo other comp
Craig Spreiter
BOD - VICE Chairman
$2,700
$2,700 No related compNo other comp
Lewis Lambert
Board Member
$2,500
$2,500 No related compNo other comp
Lisa Liddell
Board Member
$1,813
$1,813 No related compNo other comp
Richard Osborn
SUP Committee - Chairman
$1,738
$1,738 No related compNo other comp
Jim Mosner
Board Member
$1,650
$1,650 No related compNo other comp
Laura Port
Advisory Committee - Chairman
$1,563
$1,563 No related compNo other comp
Mary Westburg
Board Member
$1,413
$1,413 No related compNo other comp
Danielle Duchemin
Board of Directors - Assoc
$875
$875 No related compNo other comp
Sara Maruska
Advisory Committee Member
$850
$850 No 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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