COVID-19 Information: Ideal CU's Inver Grove Heights Branch is temporarily closed. Visit our Branch Updates Page.
For other resources, visit our Financial Support Page or Business Resources Page.


Financial Support and Resources

We're Here For Our Members Impacted by COVID-19 (coronavirus)

Ideal Credit Union is here for you during these unprecedented times. We understand the difficulties you may be experiencing due to the impacts of COVID-19 (coronavirus) and are here to help. Please use this page as a resource for taking advantage of Ideal CU provided relief options as well as trusted government assistance programs.

Payment Relief on Ideal CU Loans

If you need payment relief due to financial difficulty caused by COVID-19, please call us at 651-773-2975.

First payments on new consumer loans will be extended up to 90 days

  • Eligible new consumer loans include Auto, Rec Vehicles, Signature (personal) and Home Improvement Loans. Apply online
  • Personal Loan: If you need a small, low-interest personal loan to help you meet your financial needs we are here to help. Simply apply online at your convenience.

Government Assistance

IRS Economic Impact Payments

As you may be aware, the IRS is in the process of providing Economic Impact Payments to eligible U.S. residents. To determine your eligibility and to find the most up-to-date and accurate information regarding these payments we encourage all members to visit the IRS Website.

Avoid scams related to economic impact payments: Remember, the IRS will not call, text you, email you or contact you on social media asking for personal or bank account information – even related to the economic impact payments. Also, watch out for emails with attachments or links claiming to have special information about economic impact payments or refunds.

COVID-19 (coronavirus) and Unemployment Benefits

Important update for IRA Accountholders & Beneficiaries

The CARES Act stimulus package recently signed into law contains several provisions that affect Financial Planning Rules and Required Minimum Distribution (RMD) rules for 2020. As part of this package, the RMDs for 2020 have been waived. Not only is this waiver for all employer plan and IRA owners, it also applies to beneficiaries of inherited accounts.

If you have an RMD set up on automatic distribution, please contact Holden Todd at 651-773-2766 (This email address is being protected from spambots. You need JavaScript enabled to view it.) or call us at 651-770-7000 if you would like to discuss stopping this distribution for 2020. Please keep in mind that we need approximately two weeks to get the automatic distribution stopped. Once the distribution is taken.

If you have any questions about the information and resources provided above, or just want to discuss your accounts at Ideal CU, please call us at 651-770-7000 during business hours.

Lobby Appointment Hours

  • Mon, Tues, Thurs, Fri
    9:00am - 5:00pm
  • Wednesday
    10:00am - 5:00pm
  • Saturday
    9:00am - 12:00pm
  • Make an Appointment

Drive-Thru Hours

  • Monday - Friday
    9:00am - 5:30pm
  • Saturday
    9:00am - 12:00pm
  • Inver Grove Heights Branch: ATM & Night-Drop only.

Contact Center Hours

  • Monday - Friday
    8:00am - 5:00pm
  • Saturday
    9:00am - 12:00pm

Holiday Hours

See Holiday Hours

Resources & Tools

A Message from Ideal CU President/CEO Brian Sherrick

We at Ideal Credit Union hope you and your family are staying safe. Rest assured your credit union has been working diligently to ensure you have access to the essential financial services you depend on while prioritizing the health and safety of our members, employees and our local communities.

We understand that these unprecedented times may bring financial challenges and unique needs. We are here to help. Please call us at 651-770-7000 with any questions or concerns you may have regarding your finances here at Ideal CU.

Be safe and be well. Together, we will get through this.

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Brian Sherrick
Ideal Credit Union