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Ideal Credit Union is a financial cooperative. How is that different from a bank?

Credit union's are much like banks on the surface. Ideal Credit Union offers similar financial products and services including Savings, Checking, Loans, Online Banking, Mobile Banking, Mortgages, Investments, and financial solutions for small businesses. How Ideal Credit Union operates and bring member-value is very different from its bank counterparts, here’s why:

You (the members) actually own Ideal Credit Union and get a vote

What makes Ideal Credit Union unique is the members are also the owners. In addition to getting the products and services you need, you also have a say in some of the business decisions Ideal Credit Union makes.

Ideal Credit Union does NOT have shareholders

Ideal Credit Union exists to provide affordable financial services to our members. Our business model is to return profits back to members in the form of better rates, lower fees, new product development and sometimes even dividends (READ: Cash back to you through the Member VIP Program) Banks have shareholders and they strive to make profits to award their shareholders at the end of each fiscal year.

Ideal Credit Union is a strong community supporter and cares about financial literacy

Co-ops are dedicated to serving members. As a result, many co-ops like Ideal CU are committed to social responsibility and improving the quality of life in our surrounding communities. The Ideal CU Community Foundation strives to improve the quality of life and support financial education. Also, Ideal CU is a strong advocate for financial literacy.

Cool, can I be a member?

Yes you can! Ideal CU welcomes everyone in the Twin Cities to open an account and enjoy the benefits of being a member at Ideal Credit Union. You do NOT need an affiliation with the Post Office to open an account.