Sep, 30, 2025 — ZEAL CREDIT UNION is a federally insured state chartered credit union headquartered in LIVONIA, MI with 15 branch locations and about $864.14 million in total assets. Opened 72 years ago in 1954, ZEAL CREDIT UNION has about 65,510 members and employs 142 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | ZEAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 17250 Newburgh Rd LIVONIA, MI 48152-2618 |
| Phone: | (734) 522-3700 |
| Fax: | (734) 466-6151 |
| Website: | https://www.zealcu.org |
| Branches: | 15 branch locations |
| Members: | 65,510 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62426 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1954 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $864,143,264 |
| CEO/Manager: | Julie Kreinbring |
| Chairperson: | Michael A O'Hehir |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 36,426,168 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 416,661,913 |
| Unsecured Loans | 96,773,596 |
| Other Loans | 147,760,062 |
| TOTAL LOANS | 661,204,589 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,869,009 |
| Land And Building | 19,127,570 |
| Other Fixed Assets | 1,664,018 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 6,474,182 |
| All Other Assets | 645,983 |
| TOTAL ASSETS | 864,143,264 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 21,309 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 9,766,714 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 5,000,000 |
| Share Drafts | 151,181,081 |
| Regular shares | 339,198,453 |
| All Other Shares & Deposits | 180,709,612 |
| TOTAL SHARES & DEPOSITS | 671,089,145 |
| TOTAL LIABILITIES | 685,895,168 |
| Regular Reserve | 0 |
| Other Reserves | 1,664,484 |
| Undivided Earnings | 176,583,612 |
| TOTAL EQUITY | 178,248,096 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 864,143,264 |
| INCOME & EXPENSE | |
| Loan Income | 29,296,529 |
| Investment Income | 3,472,001 |
| Other Income | 5,969,563 |
| Total Employee Compensation & Benefits | 9,873,293 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 13,357,110 |
| Non-operating Income & (Expense) | 922,796 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 4,940,843 |
| Cost of Funds | 1,274,903 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 15,654,543 |
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