Ideal Credit Union
Woodbury, Minnesota
Financial Health Score
9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.
Good
How This Organization Compares
Compared to 111 peers in Unclassified with $10M-$100M revenue
Working Capital Ratio (net assets ÷ expenses)
Financial Trends
5-Year Trend Analysis
Financial Health Indicators
Filing History
13 filings on record| Year | Revenue | Expenses | Assets | |
|---|---|---|---|---|
| 2023 | $56,178,125↑17% | $50,638,586↑23% | $1,021,960,738↑3% | |
| 2022 | $48,171,673↑13% | $41,131,666↑15% | $988,489,095↑6% | — |
| 2021 | $42,764,424↑2% | $35,667,347↓1% | $932,167,158↑9% | — |
| 2020 | $42,029,968↑6% | $35,945,422↑4% | $858,517,185↑12% | — |
| 2019 | $39,712,454↑13% | $34,708,230↑16% | $763,132,068↑4% | — |
| 2018 | $35,215,954↑8% | $30,045,578↑11% | $732,008,715↑6% | — |
| 2017 | $32,591,582↑9% | $27,091,041↑8% | $692,133,716↑6% | — |
| 2016 | $29,955,438↑10% | $25,087,083↑7% | $650,122,691↑5% | — |
| 2015 | $27,343,798↑5% | $23,399,383↑2% | $617,498,377↑5% | — |
| 2014 | $26,008,253↑1% | $22,846,249↑2% | $587,559,444↑7% | — |
| 2013 | $25,878,268 | $22,498,016↓2% | $551,093,935↑2% | — |
| 2012 | $25,919,841↓2% | $22,983,027↓4% | $539,588,574↑6% | — |
| 2011 | $26,482,587 | $23,906,218 | $511,009,626 | — |
Frequently Asked Questions
What does Ideal Credit Union do?▼
Ideal Credit Union is a unclassified nonprofit organization based in Minnesota. It is classified under NTEE code Z and is registered as a 501(c) tax-exempt organization with the IRS.
Is Ideal Credit Union financially healthy?▼
Based on our 9-metric Financial Health Score model, Ideal Credit Union has a score of 70/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.
How much revenue does Ideal Credit Union generate?▼
Ideal Credit Union reports $63.1M in annual revenue and holds $1.0B in total assets, based on IRS filings.
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