Woodbury, Minnesota - September 2024: BauerFinancial, Inc., the Nation’s Premier Credit Union Rating Firm, is pleased to acknowledge Ideal Credit Union, Woodbury, MN, for its continued 5-Star status.  September 2024 marks the 47th consecutive quarter that Ideal Credit Union has earned this distinction, which gives it the added prestige of being an “Exceptional Performance Credit Union”.

Only institutions that have earned and maintained this highest 5-Star rating for 10 years (40 consecutive quarters), or longer, may claim this distinction. This latest rating is based on June 30, 2024 financial data and signifies that Ideal Credit Union continues to be one of the strongest credit unions in the nation. 

“Bauer rates credit unions based on their overall financial condition,” reports Karen Dorway, president of the rating firm, “and has been doing so for four decades. Bauer’s approach of taking current financial data along with historical trends has enabled Bauer to anticipate certain events before they unfold. From the 1980s to today, Bauer has been through it all, and its reputation is second to none. So, when Bauer says Ideal Credit Union has earned its 5-Star rating, you can have confidence that it is one of the strongest credit unions in the nation. In addition, as a credit union, Ideal Credit Union’s top priority is its membership. It is very satisfying,” Dorway continues, “to see financial institutions that work together for a common goal, also being top financial performers.”

Since its inception in 1926, Ideal Credit Union has been an ardent supporter of the people within its field of membership. It looks forward to providing the same dedicated service for many years to come.

About Ideal Credit Union

Founded in 1926, Ideal Credit Union is a member-owned financial institution that is dedicated to providing financial services driven by a sincere and personal interest in the needs of our employees, members, and community. Ideal CU offers a complete range of services, including a full suite of digital banking products, savings, checking, loans, mortgage products, business services, SBA loans and more.

Ideal was voted “2024 and 2023 Best in State Credit Union” by Forbes, 2023 Minneapolis/St. Paul Business Journal “Best Places to Work”, and “Best Credit Union” five years and counting by readers of the Stillwater Gazette. Ideal Credit Union offers a robust online presence and has offices in Eagan, Hugo, Inver Grove Heights, North St. Paul, Stillwater and Woodbury. Visit idealcu.com for details and directions.

Bank and Credit Union data compiled from financial data for the period noted, as reported to federal regulators. The financial data obtained from these sources is consistently reliable, although; the accuracy and completeness of the data cannot be guaranteed by BauerFinancial, Inc. Since 1983, BauerFinancial has relied upon this data in its judgment and in rendering its opinion (e.g. determination of star ratings). BauerFinancial, Inc. is not a financial advisor; it is an independent bank research firm. No institution can pay for or opt out of a BauerFinancial rating. Star-ratings are all available for free at bauerfinancial.com.

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