Ideal Credit Union
Woodbury, MN · EIN 41-0519270 · Rank 7,976 by total revenue
To provide financial services to our membership.
Money, Form 990 for tax year 2024
- Total revenue
- $63,119,291
- Total expenses
- $59,793,637
- Total assets
- $1,038,509,439
- Salary base (all salaries and wages)
- $16,442,416
- Salaries, other pay and benefits
- $20,147,500
- Employees
- 234
- Salary base per employee
- $70,267
"Salary base" is Form 990 Part IX lines 5 to 7. "Employees" is everyone who got a W-2 that year, full or part time. Form 990-EZ and 990-PF report pay differently; see About the data.
Leadership (26)
| Name | Title | Role | Hours/week | Total pay |
|---|---|---|---|---|
| Brian Sherrick | CEO | Officer | 40 | $965,195 |
| Dennis Bauer | CFO - EVP | Officer | 40 | $543,085 |
| Lawrence Miggler | CHIEF TECHNOLOGY OFFICER | Officer | 40 | $505,107 |
| Alisha Johnson | CHIEF GROWTH OFFICER | Officer | 40 | $424,215 |
| Rick Blood | CLO | Officer | 40 | $400,311 |
| Peter Olsen | BOD - CHAIRMAN | Board, Officer | 1 | $7,563 |
| Chris Volkers | BOD - SECRETARY | Board, Officer | 1 | $3,625 |
| Craig Spreiter | BOD - VICE CHAIRMAN | Board, Officer | 1 | $2,700 |
| Herbert Hall | SVP MEMBER EXPERIENCE | Key employee | 40 | $355,754 |
| Amara Mackey | CHIEF FINANCIAL OFFICER | Key employee | 40 | $286,054 |
| Emily Kelly | SVP HR & ADMIN | Key employee | 40 | $285,916 |
| Shannon Butler | SVP OPS | Key employee | 40 | $285,119 |
| Faith Tholkes | SVP MORTGAGE AND CONSUMER | Key employee | 40 | $284,732 |
| Sharon Rilley | VP RISK | Key employee | 40 | $235,834 |
| Paul Fahey | BOARD OF DIRECTORS | Board | 1 | $2,875 |
| Lewis Lambert | BOARD OF DIRECTORS | Board | 1 | $2,500 |
| Lisa Liddell | BOARD OF DIRECTORS | Board | 1 | $1,813 |
| Richard Osborn | SUP COMMITTEE - CHAIRMAN | Board | 1 | $1,738 |
| Jim Mosner | BOARD OF DIRECTORS | Board | 1 | $1,650 |
| Laura Port | ADVISORY COMMITTEE - CHAIRMAN | Board | 1 | $1,563 |
| Mary Westburg | BOARD OF DIRECTORS | Board | 1 | $1,413 |
| Danielle Duchemin | BOARD OF DIRECTORS - ASSOC | Board | 1 | $875 |
| Sara Maruska | ADVISORY COMMITTEE | Board | 1 | $850 |
| Marco Buchmayer | ADVISORY COMMITTEE | Board | 1 | $613 |
| Sara Racine | ADVISORY COMMITTEE | Board | 1 | $238 |
| Erin Petschel | ADVISORY COMMITTEE | Board | 1 | $75 |
Top 10 paid people listed
These 10 people received $4,562,905, which is 27.8% of the $16,442,416 salary base shared by 234 employees.
| Name | Title | Role | Hours/week | From this org | From related orgs | Other pay | Total |
|---|---|---|---|---|---|---|---|
| Brian Sherrick | CEO | Officer | 40 | $731,228 | $0 | $233,967 | $965,195 |
| Dennis Bauer | CFO - EVP | Officer | 40 | $492,451 | $0 | $50,634 | $543,085 |
| Craig Lundquist | WEALTH MANAGEMENT ADVISOR | Highly paid employee | 40 | $487,999 | $0 | $24,150 | $512,149 |
| Lawrence Miggler | CHIEF TECHNOLOGY OFFICER | Officer | 40 | $457,249 | $0 | $47,858 | $505,107 |
| Alisha Johnson | CHIEF GROWTH OFFICER | Officer | 40 | $330,619 | $0 | $93,596 | $424,215 |
| Rick Blood | CLO | Officer | 40 | $329,027 | $0 | $71,284 | $400,311 |
| Herbert Hall | SVP MEMBER EXPERIENCE | Key employee | 40 | $321,142 | $0 | $34,612 | $355,754 |
| Amara Mackey | CHIEF FINANCIAL OFFICER | Key employee | 40 | $248,812 | $0 | $37,242 | $286,054 |
| Emily Kelly | SVP HR & ADMIN | Key employee | 40 | $249,648 | $0 | $36,268 | $285,916 |
| Shannon Butler | SVP OPS | Key employee | 40 | $240,678 | $0 | $44,441 | $285,119 |
Sources
- IRS e-file return 202523109349302532 (Form 990, period ending 2024-12-31): readable copy at ProPublica Nonprofit Explorer
- IRS Tax Exempt Organization Search for EIN 41-0519270
- Organization website (as filed): www.idealcu.com