2019 Overview

General Credit Union Information

NCUA Insured Yes
Charter Number # # 62978
Date Established 1926
Assets $732.01 million
Loans $570.16 million
Deposits $581.27 million
Capital $77.69 million

Ideal is an NCUA insured institution located in Woodbury, MN. It was founded in 1926 and has approximately $732.01 millions in assets.

Who can join?

If you live, work, worship, attend school, or volunteer in, or have business or other legal entity located in Anoka, Chisago, Dakota, Hennepin, Ramsey or Washington counties. Anyone living outside of these areas, but makes a $5.00 donation to the John D. Miller Foundation is also eligible for membership.

Employment Eligibility
If you are an employee of the United States Postal Service, you are eligible to join. Other employees of the US Postal Service in Minnesota who do not have a credit union operating within their immediate employee group may join as well. In addition, person employed in or administered from the Main Post Office or employees of PCU can apply for membership.

Family Eligibility
Relatives of current PCU members are able to join the credit union.

Field of Membership Restrictions

Ideal Credit Union of Minnesota is open to the businesses, accredited institutions, residents, church members, registered students, and the people that maintain employment within these qualified counties: Anoka, Chisago, Dakota, Hennepin, Ramsey, and Washington, along with all employees and affiliated employees of the US Postal Service; including those postal employees within the state that are not currently represented by a credit union, anyone that donates to the John D. Miller Foundation, credit union employees, and the family members of current credit union members. family members of current credit union members.

Deposit Rates - May 23, 2019

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
0.80% $500 $24,999 Learn MoreShow Less
Special: 36 Mo FIRA
2.02% $2,500 - Learn MoreShow Less
Special: 60 Mo FIRA
2.22% $2,500 - Learn MoreShow Less
CD Rates (Share Certificate Rates) APY MIN MAX
0.40% $500 $24,999 Learn MoreShow Less
3 Mo CD
0.60% $70,000 - Learn MoreShow Less
0.50% $500 $24,999 Learn MoreShow Less
6 Mo CD
0.70% $70,000 - Learn MoreShow Less
0.80% $500 $24,999 Learn MoreShow Less
12 Mo CD
1.00% $70,000 - Learn MoreShow Less
Special: 13 Mo CD
1.87% $500 $24,999 Learn MoreShow Less
Special: 13 Mo CD
1.97% $25,000 $69,999 Learn MoreShow Less
Special: 13 Mo CD
2.07% $70,000 - Learn MoreShow Less
1.00% $500 $24,999 Learn MoreShow Less
1.31% $500 $24,999 Learn MoreShow Less
24 Mo CD
1.51% $70,000 - Learn MoreShow Less
1.66% $500 $24,999 Learn MoreShow Less
2.32% $500 $24,999 Learn MoreShow Less
Special: 36 Mo CD
2.02% $2,500 - Learn MoreShow Less
2.68% $500 $24,999 Learn MoreShow Less
2.32% $500 $24,999 Learn MoreShow Less
Special: 60 Mo CD
2.22% $2,500 - Learn MoreShow Less
Variable IRA Rates APY MIN MAX
0.05% $1 $2,499 Learn MoreShow Less
Int Checking Rates APY MIN MAX
Int Ckg
0.05% $2,000 $49,999 Learn MoreShow Less

Loan Rates - May 23, 2019

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for IDEAL

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2019

Lender APR Rate (%) Points Fees Monthly
Learn More
Quicken Loans NMLS #3030
NMLS ID: 3030
5.250% 5.250% 0.00 $0 $1,381 Learn More
Rocket Mortgage
NMLS ID: 3030
4.875% 4.875% 0.00 $0 $1,324 Learn More
Triangle Lending Group, Inc.
NMLS ID: 64446
License#: MC-5531
3.910% 3.875% 0.00 $1,072 $1,176 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2019

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loans
Third Federal Savings and Loans
4.490 %
$0 Learn More
More Info
PenFed Credit Union
PenFed Credit Union
5.500 %
$0 Learn More
More Info

Note to IDEAL
To upload and update your bank's rates please register. It is free to register and add rates.


Below are Ideal branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:

Ideal Locations

Financial Details

Ideal Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Ideal. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Ideal U.S. Average
7.13% 7.49

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of December 31, 2018, Ideal had $5,752,154 in non-current loans and $77,684 in owned assets. To cover these potential losses it had $77,691,302 in net worth and $4,033,611 in loans loss reserves. That gives it a Texas Ratio of 7.13%.

Net Worth
Ideal U.S. Average
10.78% 13.61%

Ideal FCU has a net worth of 10.78% versus the BestCashCow average of 13.61. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.

Frequently Asked Questions About Ideal

Branches and Savings

What is Ideal?

A federal credit union, registered with the NCUA under certificate #62978.
Learn more about credit unions here.

Is Ideal FDIC insured?

No, credit unions are not insured by the FDIC. They are insured by the National Credit Union Administration. The insurance provisions of the NCUA are similar to, but not identical to, FDIC insurance.

Who can join Ideal?

Please see Field of Membership information above for information on who is eligible to join.

What are Ideal's share account and share certificate rates?

Ideal's deposit account rates are listed above.
You may find better online savings rates here or better local savings rates at banks or credit unions. Tables with the best CD rates are here.

How big is Ideal?

Ideal has total capital of $77.69 million. Full information on Ideal's financial position is located above.

Who owns Ideal?

Credit Unions are owned by their members.

Where are Ideal branches located?

See branch locations nearby.

Are Ideal ATMs Open 24/7?

Do Ideal ATMs accept cash deposits?

Can Ideal customers use other ATMs? What is the charge for withdrawing money from another ATM?

Does Ideal have a mobile app?

Does Ideal have mobile deposit?

Does Ideal have quick pay?

How can Ideal transfer money to other banks or credit unions?

Does Ideal report to credit bureaus?

Does Ideal use Chexsystems?

Does Ideal use Equifax?

What is Ideal's toll free phone number?

What is Ideal's ACH Routing Number?

What is Ideal's SWIFT code?

Where can I find Ideal's wire transfer form?

What is the Ideal address for deposits?

What Products Does Ideal Offer

Does Ideal offer mortgages?

Compare mortgage rates here.

Does Ideal offer home equity lines of credit and home equity loans?

Compare home equity lines of credit rates here.

Does Ideal offer auto and RV loans?

Compare auto loan rates here.

Does Ideal offer student loans or personal loans?

Compare personal loan rates here.

Customer Reviews for Ideal

  • Linda Bryan

    March 13, 2019 |

    Ideal Credit Union is a local treasure. Although it is primarily made up of the old St. Paul Postal CU, it also subsumed the North St. Paul School District Employees' CU many years ago. It has generous eligibility options so don't feel that you have to be a postal worker to bank here. There are a string of branches now, generally in a line along the east side of the Twin Cities Metro Area.

    One of its best features is that it offers "special" CDs that allow you to cash out before the due date without penalty. I have recently purchased two of these, the best rates around my area. If you compare its CD rates to local bank rates, you will want to join the Ideal CU immediately. They give away great free pens, have good employees, pretty good hours, and a good social conscience (a couple years ago, they collected money for the Puerto Rico hurricane, for example, and they have employee casual days that pay for charitable donations). This is a good institution, an example of the Upper Midwest history of creating cooperatives as an alternative to for-profit businesses.

    Warning: if you want to take out an account or make some changes to your account, plan to spend some time at it. These guys are thorough and you need to take that into account. You can do a lot of the work on the phone, though.

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