(Woodbury, MN - June 18, 2024) – Ideal Credit Union has been named to the Forbes list of America’s Best-In-State Credit Unions for 2024, marking the third consecutive year of recognition from Forbes. For the second consecutive year, Ideal Credit Union is also ranked #1 on the list of illustrious credit unions in Minnesota. This prestigious award is presented by Forbes and Statista Inc., the world-leading statistics portal and industry ranking provider. The awards list was announced on June 18^th, 2024, and can be viewed on the Forbes website.

Financial institutions are the cornerstone of the financial world and play a central role in stabilizing global systems. America’s Best-In-State Credit Unions 2024 ranking lists the institutions that stood out for fulfilling the unique financial needs and expectations of their local communities thereby being most valued by residents of each state.

The ranking is based on two sources:

1. An Independent Survey: Approximately 26,000 U.S. residents were surveyed online. Participants were asked to name all credit unions where they have a checking/savings account and rate the credit unions in six different subdimensions: Trust, Terms & Conditions, Branch Services, Digital Services, Customer Services, and Financial Advice.
2. Publicly Available Reviews: For each credit union in each state, a sentiment analysis approach of publicly available online text reviews and ratings was applied.

In each state, the credit union with the highest combined score from the analysis of survey results and publicly available reviews was awarded. The survey score was rated 80% and publicly available reviews 20%.

Based on the study results, Ideal Credit Union is ecstatic to be recognized on the Forbes list of America’s Best-In-State Credit Unions 2024.

Statista publishes hundreds of worldwide industry rankings and company listings with high-profile media partners. This research and analysis service is based on the success of statista.com, the leading data and business intelligence portal that provides statistics, relevant business data, and various market and consumer studies and surveys.

"We are thrilled to celebrate Ideal CU being voted Minnesota's best Credit Union for the second consecutive year. At Ideal Credit Union, we strive daily to deliver the best credit union experience for our members, and this recognition highlights the exceptional efforts of our team. We are dedicated to enhancing our members' lives through our products and services, and we are grateful that our members consistently give us outstanding reviews and trust us as their financial institution," said Brian Sherrick, President and CEO of Ideal Credit Union.

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 and more.

Offices are located in Eagan, Hugo, Inver Grove Heights, North St. Paul, Stillwater and Woodbury. Visit idealcu.com for details and directions. Ideal was voted “2023 and 2024 Best in State Credit Union” by Forbes, 2023 Minneapolis – St. Paul Business Journal “Best Place to Work”, and “Best Credit Union” five years in a row by readers of the Stillwater Gazette.