Press Room

Ideal CU Board of Directors Elects New Officers Following Successful Annual Meeting

Board, President, Supervisory Committee members from Annual Meeting 2019

(Woodbury, MN – June 25, 2019) – The Ideal Credit Union Board of Directors has elected a new slate of officers following the successful Annual Meeting in April. Peter S. Olsen was named Chairman of the Board, succeeding Keith E. Hauge, who has served in that capacity since 2014. Robert E. Vance Jr., was elected Vice Chair, and Lisa M. Liddell will serve as Secretary. Olsen and Vance, both incumbents, were recently reelected to 3-year terms on the Ideal CU Board. Also elected to her first 3-year board term was Mary G. Westberg, who has served on the Supervisory Committee since 2017 and became committee chair in 2018.

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Tracey Larsen Joins Wealth Advisors Team at Ideal Credit Union

Wealth Advisors team at Ideal Credit Union

(Woodbury, MN – June 14, 2019) Tracey Larsen has joined the Wealth Advisors team located at Ideal Credit Union. Larsen has worked in the investment industry for over 10 years, most recently with TD Ameritrade, where she served as a Senior Financial Consultant.

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Ideal Credit Union Launches Community Heroes Mortgage Product

Two nurses

(Woodbury, MN – June 11, 2019) Ideal Credit Union has launched a new Community Heroes Mortgage Program that offers eligible heroes a special 1% down payment option on a mortgage as a “thank you” for the good they do for our country and community.

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Ideal CU Named ‘Best Credit Union in East Metro’ 3rd Year in a Row

Voted Best 2019

(Woodbury, MN – April 17, 2019) – Ideal Credit Union has been named “Best Credit Union in the East Metro” for the third consecutive year by readers of the Stillwater Gazette newspaper. Ideal became the first credit union to operate in the community in its 165 years of existence when its Stillwater branch opened for business in December of 2016. Ideal has had a strong presence in the east metro for 93 years.

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Rick Blood Joins Ideal Credit Union as Chief Lending Officer

Rick Blood CLO

(Woodbury, MN – March 15, 2019) Rick Blood has joined Ideal Credit Union as Chief Lending Officer (CLO). Blood has over 26 years of experience in the financial services industry. Prior to joining Ideal, he worked as Chief Operations Officer (COO) for Firefly Credit Union. In his new position Blood will be responsible for the growth, quality and compliance of Ideal’s loan portfolio. He will be leading all lending activities within the credit union, including consumer and indirect loans, mortgage and real estate loans, business loan financing, and all member lending needs. The CLO will report directly to the President/CEO as a key member of the senior leadership.

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Ideal CU to Hold Starting Your Own Business Workshop

Josh Anderson Business Relationship Specialist

(Woodbury, MN – March 7, 2019) Ideal Credit Union will host a no-cost workshop on Starting Your Own Business on Tuesday, March 26, 2019 from 6:00-7:00 p.m. at the credit union’s Woodbury office, 8499 Tamarack Road. Join Ideal’s Business Relationship Specialist Josh Anderson and guest speaker Tyler Hilsabeck from the Washington County “Open to Business” program to learn the basics of starting your own business. Topics will include deciding whether starting a business is the right next step for you, important considerations when starting your own business, taking your first steps toward entrepreneurship, a checklist for opening a new business, financial management for your small business and more. Open to Business is a free program of the Metropolitan Consortium of Community Developers.

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Ideal CU Promotes Shari Rilley to VP of Reporting and Risk

Shari Rilley

(Woodbury, MN – February 20, 2019) Ideal Credit Union has announced the promotion of Shari Rilley to Vice President of Reporting and Risk. Rilley initially joined the Ideal team in 1990 and left in 1995 to pursue another opportunity. She returned to the credit union in 2003 and has over 21 years of experience in the financial services industry. Prior to her promotion she served as Director of Data Intelligence and Risk. In her new position, Rilley will lead the credit union’s efforts in regards to credit union reporting (both branch and financial reporting), support and management of the credit union’s data warehouse, and support and management of various credit union risk management functions.

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Ideal Credit Union’s Popular ‘Ideal Wheels’ Photo Contest Returns for 2019


Smiling woman pointing to her new vehicle

(Woodbury, MN – February 15, 2019) – Ideal Credit Union’s popular “Ideal Wheels” photo contest is back for another prime car buying season. This contest is open to members who own a vehicle that is presently financed, or has been financed in the past, with Ideal CU. A total of three winners will be chosen at random to receive a $50 gas card during the promotion period, which runs from February 15 to May 15, 2019.

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Ideal CU’s Popular ‘Use & Win’ Debit Card Giveaway Returns for 2019; Payout Now $24K Since 2017

Zach Nelson October winner

(Woodbury, MN – January 18, 2019) – Ideal Credit Union’s popular monthly $1,000 “Use & Win” Debit Card Giveaway is back for another year of giving in 2019. Since the program’s inception in January of 2017, Ideal CU has given away $24,000 to 24 lucky members chosen at random in the “Use & Win” Debit Card promotion. Previous winners have used the funds to help pay for everything from adopting a baby to car repairs, home improvements, bills, vacations, maternity leave, tuition, study abroad programs and much more!

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Ideal Credit Union VIP+ Payout Tops $3.6 Million Back to Members

(Woodbury, MN – January 8, 2019) – Ideal Credit Union has returned 10% of its 2018 earnings to members through its exclusive VIP+ Program, rewarding 4,390 VIP+ members with cash dividends between $50 and $600, which were automatically deposited into members’ savings accounts in January 2019. The total payout for 2018 was $546,200. Since the program’s inception over six years ago, Ideal CU has paid out over $3.6 million to VIP+ members.

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Ideal CU Wins MnCUN Community Impact & Outreach Award for ‘Stop the Texts, Stop the Wrecks’ Campaign

MnCUN Award with text News Release

(Woodbury, MN – December 13, 2018) – Ideal Credit Union is proud to announce it has received a 2018 Minnesota Credit Union Community Impact & Outreach Marketing Award for its ongoing “Stop the Texts, Stop the Wrecks” don’t text and drive awareness campaign. Sponsored by the Minnesota Credit Union Network (MnCUN), the award program recognizes outstanding efforts in the areas of branding, community impact and outreach, digital advertising, video, and complete marketing campaigns.

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Ideal CU Yearly $4K Holiday Debit Card Giveaway is Back

Lisa Sunderland 3rd 2017 Holiday Debit Winner

(Woodbury, MN –November 20, 2018) – Ideal Credit Union’s yearly $1,000 Holiday Debit Card Giveaway is back for another four weeks this holiday season. Ideal CU has held this popular holiday promotion since 2012 and has given away $24,000 to 24 lucky members. To qualify, members with an Ideal CU personal checking account simply use their Ideal CU Debit Mastercard® or My Rewards™ Gold or Platinum Debit Card for purchases and earn a chance to win one of Ideal CU's four weekly $1,000 random drawings. Members earn 100 bonus entries into the weekly drawing when they make 25 or more purchases a week.

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Ideal CU VP of Digital Innovation Shannon Butler Named 2018 CUNA Rock Star

Shannon Butler

(Woodbury, MN – October 31, 2018) Shannon Butler, Vice President of Digital Innovation for Ideal Credit Union, has been named a CUNA Rock Star for 2018. Butler was recognized as being a versatile and visionary leader who has ambitious goals for the credit union and knows she cannot do it alone. “The people inside these walls are everything,” Butler stated. “I like to focus on making their jobs just a little more awesome.”

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Ideal CU Partners with Alkami to Launch New Digital Banking Platform

Ideal CU Digital Banking Enhancement team web

(Woodbury, MN – October 15, 2018) Ideal Credit Union has launched a new digital banking platform intuitively designed to enhance security and offer new and expanded features and functionality, including personalization, customizable notifications, touch ID and face recognition and much more. Ideal CU partnered with Alkami Technology based in Plano, Texas, to provide its more than 52,000 members with an innovative, omni-channel digital banking experience that is seamless, consistent and user-friendly across all devices.

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Ideal CU Pays $4,200 to Youth in Financial Literacy Summer Program

Summer Money Talks class 2018

(Woodbury, MN – September 20, 2018) Ideal Credit Union recently hosted two sessions of its award-winning “Money Talks” financial literacy program in July, attracting 42 students from around the metro area. The unique peer-to-peer program, led and taught by high school-age Ideal CU Student Credit Union employees, teaches students the building blocks of personal finance: budgeting, savings and investments, credit, and money management tools. Students in attendance ranged in age from 16 to 22 years and came from a number of local communities, including Champlin, Hugo, Mahtomedi, Little Canada, St. Paul, Maplewood, Oakdale, South St. Paul, Inver Grove Heights, West St. Paul, Cottage Grove, Hastings, Stillwater, Lakeland and more.

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Ideal CU Gives Away $9.6K in Cash Prizes & Food Shelf Donations For the 5th Year in a Row

Ideal CU Valley Outreach Food Shelf Donation

(Woodbury, MN – August 23, 2018) – Ideal Credit Union marked its 5th Annual Community Appreciation Celebration by giving away $6,600 in cash prizes, including a $1,000 daily grand prize for adults age 18 and over, $100 a day for youth age 17 and under, and $3,000 in donations to local area food shelves. The celebration was held over the course of two weeks, starting August 7-16, 2018. Attendees enjoyed over 2,100 hamburgers and had a chance to win fun prizes, visit with kid’s club mascot Bucky Bear, and to give back to our local communities.

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Ideal CU Giving Away $6.6K in Cash Prizes at 2018 Community Celebration

Bucky and friends Community Event

(Woodbury, MN – July 30, 2018) – Ideal Credit Union will give away $6,600 in cash prizes at this year’s Community Celebration, including a $1,000 daily grand prize for adults age 18 and over, and $100 a day for youth age 17 and under. Ideal’s fifth annual summer celebration will be held over the course of two weeks, starting August 7-16, 2018. Attendees will enjoy food, fun, prizes, a special visit from kid’s club mascot Bucky Bear, and a chance to give back to our local communities.

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Ideal CU VP of Mortgage Operations Faith Tholkes Named ‘Super Mortgage Professional’ for 3rd Time

Faith Tholkes preferred photo

(Woodbury, MN – July 18, 2018) Faith Tholkes, Vice President of Mortgage Operations at Ideal Credit Union, has once again been named a “Super Mortgage Professional” for 2018 by Mpls.St.Paul Magazine and Twin Cities Business, marking the third time she has been recognized as a leader in the industry. Tholkes was nominated for the award by clients who view her as a mortgage professional who demonstrates exceptional ability and service.

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Ideal Credit Union Named 2018 Star Tribune Top 150 Workplace

Top 150 Workplace Ideal CU

(Woodbury, MN – July 5, 2018) Ideal Credit Union has been named one of the Top 150 Workplaces in Minnesota by the Minneapolis Star Tribune. Top Workplaces recognizes the most progressive companies in Minnesota based on employee opinions measuring engagement, organizational health and satisfaction. The rankings in the Star Tribune Top 150 Workplaces are based on survey information collected by Energage, an independent company specializing in employee engagement and retention. Ideal was ranked 38th on the midsize company list.

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Joshua Anderson Named Business Relationship Specialist for Ideal CU

Joshua Anderson

(Woodbury, MN – June 27, 2018) Joshua (Josh) Anderson has rejoined the Ideal Credit Union team as its new Business Relationship Specialist. Anderson previously served as Branch Manager of the credit union’s Hugo office, where he was responsible for developing growth strategies to ensure the branch’s success. Anderson first started at Ideal in 2011. He left in 2017 for a brief time and recently returned to take on this new role. He has 7 years of experience in the financial services industry.

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2018 - 19 Holiday Hours

Martin Luther King Jr Day

Monday, January 21st
All locations closed.

Presidents' Day
Monday, February 18th
All locations closed.

Good Friday
Friday, April 19th
All locations open regular business hours
Lobby - 9:00 a.m. to 5:00 p.m.
Drive-thru - 9:00 a.m. to 5:30 p.m.

Memorial Day
Monday, May 27th
All locations closed.

Independence Day
Thursday, July 4th
All locations closed.

Labor Day
Monday, September 2nd
All locations closed.

Columbus Day
Monday, October 14th
All locations closed.

Veterans Day
Monday, November 11th
All locations closed

Thanksgiving Day
Thursday, November 28th
All locations closed.

Day after Thanksgiving
All locations are open regular business hours
Lobby - 9:00 a.m. to 5:00 p.m.
Drive-thru - 9:00 a.m. to 5:30 p.m.

Christmas Eve
Tuesday, December 24th
All locations open until 1:00 p.m.
Lobby - 9:00 a.m. to 1:00 p.m.
Drive-thru - 9:00 a.m. to 1:00 p.m.

Christmas Day
Wednesday, December 25th
All locations closed.

New Year's Eve
Tuesday, December 31
All locations open regular business hours
Lobby - 9:00 a.m. to 5:00 p.m.
Drive-thru - 9:00 a.m. to 5:30 p.m.

New Years Day (2020)
Wednesday, January 1st
All locations closed