Press Room

Ideal CU Board of Directors Elects New Officers Following Successful Annual Meeting

Board, President, Supervisory Committee members from Annual Meeting 2019

(Woodbury, MN – June 25, 2019) – The Ideal Credit Union Board of Directors has elected a new slate of officers following the successful Annual Meeting in April. Peter S. Olsen was named Chairman of the Board, succeeding Keith E. Hauge, who has served in that capacity since 2014. Robert E. Vance Jr., was elected Vice Chair, and Lisa M. Liddell will serve as Secretary. Olsen and Vance, both incumbents, were recently reelected to 3-year terms on the Ideal CU Board. Also elected to her first 3-year board term was Mary G. Westberg, who has served on the Supervisory Committee since 2017 and became committee chair in 2018.

Olsen was first elected to the Ideal CU Board of Directors in 2013. He has served as Vice Chair since 2014. Vance has been on the board since 2000 and Liddell since 2015. All three served on the Supervisory Committee prior to their election to the Board of Directors.

Incumbent Board Member Laurie Ludwig did not seek reelection in 2019 and announced her retirement after 17 years of volunteer service to the members of Ideal Credit Union. Ludwig was recognized at the Annual Meeting for her dedication and commitment.

Ideal CU President/CEO Brian Sherrick highlighted the exciting changes that have taken place in the past year, which included the introduction of Ideal’s new brand “Live the Ideal Life” and the successful launch of the credit union’s enhanced digital banking platform. “In just the first week of conversion, more than 16,100 members (53.86%) logged into Ideal’s enhanced digital banking platform and mobile banking app, which far exceeded expectations. Our digital partner, Alkami, said it was one of the best conversions they have ever seen,” Sherrick stated.

A total of 154 registered members and their guests attended the 2019 Annual Meeting, held April 23 at the Maplewood Community Center. Another 120 members took part via webinar. Ideal has offered a remote option for attending its Annual Meeting since 2016. Eight lucky cash door prize winners were selected from those in attendance, including a $1,000 Grand Prize won by Katie Molnau. A total of $2,500 was given away to door prize winners and all attendees received a $10 cash incentive.

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, exclusive VIP member payback, business services, investment 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 has been voted “Best Credit Union in the East Metro” three years in a row by readers of the Stillwater Gazette and was named a 2018 Star Tribune Top 150 Workplace. Equal Housing Lender.

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