WOODBURY, Minn.–Ideal Credit Union has returned 10% of its 2018 earnings to members who participate in its VIP+ Program.
In all, some 4,390 VIP+ members were paid cash dividends between $50 and $600, with the total payout for 2018 being $546,200. Since the program’s inception over six years ago, Ideal CU reported it has paid out more than $3.6 million to VIP+ members.
“The VIP+ program is designed to reward members for their patronage and for actively participating in our cooperative,” said Brian Sherrick, Ideal CU president/CEO. “Our dedicated staff works with members throughout the year to help them identify opportunities to grow their relationship with us and ultimately increase their payout. Because of our amazing Ideal team, we have increased our VIP+ members by 16.5% since 2012.”
The $730-million Ideal CU has approximately 52,700 members.