Ideal Credit Union is headquartered in Woodbury and is the 10th largest credit union in the state of Minnesota. It is also the 442nd largest credit union in the nation. It was established in 1926 and as of March of 2022, it had grown to 150 employees and 50,822 members at 6 locations. Ideal Credit Union has an A health rating.
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.
See current membership details
Great place. Rates are pretty low on all accounts, but no fees accounts, great local employees. Can't go wrong versus your large banks.
Unfortunately for PCU, I keep my savings at Alliant, but I have my checking and car loan through them. I live close to a branch. I would recommend them to anyone (locally for sure). They are part of the shared branch system too.
I can’t believe how awful this credit union is. I am a brand new customer and when I deposited my paycheck, they put a 10 day hold on it. They told me they couldn’t verify my SCHOOL DISTRICT. When I said I need those funds, a manager asked why. Why did I need MY funds?!? I said to pay bills and she told me that “wasn’t good enough!” So now I am waiting 10 days so I can close my account. In the mean time, you know they have my money! And I will be charged late fees if I don’t pay my bills on time. Such horrible customer service.
I was a long standing member since 2000 left money in my account $3.09 and opened an account for my baby. I called and was told my account closed for inactivity. That was ok since i wanted to start depositing my paychecks. I went in and the bank rep says you owe $151. I asked how if my account closed with a positive Balance. She prints and old statement of 1 Page with only one item showing my account was delinquent but couldn't explain the closure with a positive Balance and didn't care to explain so i called and made a complaint. Days later i called to check in my pending account to be opened and the nicest customer service agent says your account is approved you just need to deposite funds. The next day i get a voicemail from the agent i complained about saying call her. I go online my application is missing and i have no idea what they are doing. I want to file a complaint and have someone investigate and reprimand this Woman
Bad place to bank: Bank will roll back posted dates on transactions, to obtain overdraft fees. Ideal credit union still owes me $105 for fees that were charged. in error. They, make bank practices after the fact. Each bank employee I dealt with has a different answer to what their policies are. Twice privacy, issues were not followed in regards to my account. Note the Ideal credit union president will not talk to a customer, he refers all complaints to vice president. They have no clear policy, towards overdraft protection plan. If you enjoy paying unfair fees this is the bank for you. Note if you travel more then 50 miles from home, and use your debit card your account will be frozen. If you use your debit card at a casino your account will be frozen. Good luck getting home, I had $5000 in bank and could not buy gas to get home I was stranded 90 miles from home.
|Return on Assets - YTD||0.82%|
|Return on Equity - YTD||8.16%|
|Annual Interest Income||$7.8MM|
|Assets and Liabilities|
|Assets||Q1 2022vs Q1 2021||$950.0MM$895.5MM|
|Loans||Q1 2022vs Q1 2021||$745.5MM$688.1MM|
|Deposits||Q1 2022vs Q1 2021||$799.1MM$746.2MM|
|Equity Capital||Q1 2022vs Q1 2021||$94.5MM$85.5MM|
|Loan Loss Allowance||Q1 2022vs Q1 2021||$4.9MM$5.3MM|
|Unbacked Noncurrent Loans||Q1 2022vs Q1 2021||$4.6MM$3.8MM|
|Real Estate Owned||Q1 2022vs Q1 2021||$0$0|
Rates for Ideal Credit Union are currently being reviewed.
|Ideal Credit Union Locations|
|Branch Office||2401 McKnight Rd N||North Saint Paul, MN 55109-2211|
|Branch Office||3225 Denmark Ave||Eagan, MN 55121-1382|
|Branch Office||8499 Tamarack Rd||Woodbury, MN 55125-9201|
|Branch Office||14750 Victor Hugo Blvd N||Hugo, MN 55038-4561|
|Branch Office||2020 Washington Ave S||Stillwater, MN 55082|
|Branch Office||7791 Amana Trl||Inver Grove Heights, MN 55077-2610|