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Ideal Credit Union


Overview / Commentary
www.idealcu.com
651-770-7000
8499 Tamarack Rd
Woodbury, MN 55125

Ideal Credit Union is headquartered in Woodbury and is the 9th largest credit union in the state of Minnesota. It is also the 438th largest credit union in the nation. It was established in 1926 and as of June of 2024, it had grown to 161 employees and 50,149 members at 6 locations. Ideal Credit Union's savings rates are 8X the national average, and it has an A health rating.

Field of Membership Restrictions

Ideal Credit Union is open to anyone who lives, works, worships, attends school, or volunteers in the Minnesota counties of Anoka, Carver, Chisago, Dakota, Hennepin, Isanti, Pierce, Ramsey, Saint Croix, Scott, Sherburne, Washington or Wright. Membership is also available to out-of-area individuals by making a one-time $5 donation to the John D. Miller Foundation.
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Reviews (1)

Excellent Customer Service

Posted by: |

My husband and I are new members of the Ideal Credit Union thanks to the exceptional customer service provided by See Xiong-Thai at the N. St. Paul location.
Membership was not the plan. My hubby was paying off his car loan which would end the financial relationship. However, after speaking with this financial guru we learned of the many benefits of joining. See put the service back into the role of a Member Service Representative! Thank you again for your assistance on today. The Grisham’s

1


Health
A

Data as of Q2 2024

Learn why bank health matters

Health Grade Components

Overall
NCUA #62978
Year Chartered1926
Employees161
Primary Regulator
Profit Margin
Return on Assets - YTD0.48%
Return on Equity - YTD4.59%
Annual Interest Income$25MM
Assets and Liabilities
AssetsQ2 2024vs Q2 2023$1.02B$997.7MM
LoansQ2 2024vs Q2 2023$822.6MM$821MM
DepositsQ2 2024vs Q2 2023$841.1MM$834.9MM
Equity CapitalQ2 2024vs Q2 2023$106.6MM$101.1MM
Loan Loss AllowanceQ2 2024vs Q2 2023$8.6MM$7.6MM
Unbacked Noncurrent LoansQ2 2024vs Q2 2023$9.6MM$7.2MM
Real Estate OwnedQ2 2024vs Q2 2023$0$0
Rates
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Always verify rates and promotions with the bank or credit union. We are not Ideal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Ideal Credit Union Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%$0-RoundUp Savings
4.15%*$500k*-High Yield Savings
OTHER TIERS: 3.75% → $25k - $100k | 3.90% → $100k - $500k
0.05%$0-Share Savings

Ideal Credit Union Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.75%$25k-Business High Yield Money Market Special ($10k New Money)
1.31%*$250k*-High Yield Money Market
OTHER TIERS: 1.00% → $0 - $25k | 1.06% → $25k - $100k | 1.11% → $100k - $250k
1.31%*$250k*-Business High Yield Money Market
OTHER TIERS: 1.00% → $0 - $25k | 1.06% → $25k - $100k | 1.11% → $100k - $250k
1.31%*$200k*-IRA High Yield Money Market
OTHER TIERS: 1.00% → $0 - $25k | 1.06% → $25k - $100k | 1.11% → $100k - $200k
0.30%*$2.5k*-Premium IRA Money Market
OTHER TIERS: 0.05% → $0 - $2.5k
0.30%*$2.5k*-Premium Money Market
OTHER TIERS: 0.05% → $0 - $2.5k

Ideal Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.00%*$0$20kHigh Yield Checking
OTHER TIERS: 0.05% → $20k+
0.05%$0-Optimum Business Checking
0.05%$0-Simply Business Checking
0.05%$2k-Relationship Checking

Ideal Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$500-7 Month CD Special - New Money
4.25%$500-Business 7 Month CD Special - New Money
4.10%$500-3 Month CD
4.10%$500-6 Month CD
4.10%$500-12 Month CD
3.50%$500-18 Month CD
3.50%$500-24 Month CD
3.50%$500-30 Month CD
3.50%$500-36 Month CD
3.50%$500-48 Month CD
3.50%$500-60 Month CD
2.84%$100-24 Month Savers CD
2.84%$100-30 Month Savers CD
2.84%$100-36 Month Savers CD
2.84%$100-48 Month Savers CD
2.84%$100-60 Month Savers CD
1.92%$100-18 Month Savers CD
1.66%$100-12 Month Savers CD
1.26%$100-6 Month Savers CD

Ideal Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
4.25%$500-7 Month IRA Special - New Money
4.10%$500-3 Month IRA
4.10%$500-6 Month IRA
4.10%$500-12 Month IRA
3.50%$500-18 Month IRA
3.50%$500-24 Month IRA
3.50%$500-30 Month IRA
3.50%$500-36 Month IRA
3.50%$500-48 Month IRA
3.50%$500-60 Month IRA
Locations


Ideal Credit Union Locations
Branch Office2401 McKnight Rd NNorth Saint Paul, MN 55109-2211
Branch Office3225 Denmark AveEagan, MN 55121-1382
Branch Office8499 Tamarack RdWoodbury, MN 55125-9201
Branch Office14750 Victor Hugo Blvd NHugo, MN 55038-4561
Branch Office2020 Washington Ave SStillwater, MN 55082
Branch Office7791 Amana TrlInver Grove Heights, MN 55077-2610

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