Overview
What is Zeal Credit Union?
Zeal Credit Union is a Michigan-chartered financial cooperative aimed at offering affordable financial services and products to its members. Established in Livonia, the credit union boasts a significant financial base, with over $224 million in member share accounts and around $160 million in money market accounts. As a member-owned organization, Zeal Credit Union prioritizes providing accessible and reasonably priced financial solutions to its community.
Official website here: www.zealcu.org
What are the reviews and ratings of this charity?
Zeal Credit Union is not currently rated by Charity Navigator due to its classification. Charity Navigator ratings are based on several beacon scores, including Accountability & Finance and Impact & Measurement, but Zeal Credit Union does not meet the criteria for evaluation since it is not a 501(c)(3) IRS registered nonprofit. Thus, its lack of rating should not be interpreted as either positive or negative.
Historically, Charity Navigator ratings considered Accountability and Finance, suggesting that Zeal Credit Union might have been assessable if it were classified differently. The absence of a rating primarily highlights structural limitations rather than the organization's performance or impact. There is potential for future evaluations if the organization’s status aligns with Charity Navigator's requirements.
No user reviews for Zeal Credit Union are available on GreatNonprofits. Therefore, broader public sentiment or detailed feedback from those who have interacted with the organization is not provided, leaving an informational gap in understanding the non-financial aspects and community impact of the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Zeal Credit Union legitimate?
Zeal Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Zeal Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,248,293
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,288,489
For more financial information, click here
Official website here: www.zealcu.org
What is the mission statement of Zeal Credit Union?
Zeal Credit Union functions as a financial cooperative, dedicated to offering affordable financial services and products to its members. Its primary objective is to provide financial assistance and resources at reasonable rates. By doing so, the credit union aims to promote financial well-being and economic stability among its members. The organization prides itself on being a not-for-profit entity, which allows it to prioritize the needs of its members over profits. Through its various offerings, such as member share accounts and money market accounts, Zeal Credit Union seeks to help its members manage their finances effectively.
Official website here: www.zealcu.org
Who is the CEO of Zeal Credit Union?
Julie Kreinbring is the President/Ceo of Zeal Credit Union. The CEO's salary of Zeal Credit Union is $487,470 and their total compensation is $521,717.
Official website here: www.zealcu.org
What is the revenue of Zeal Credit Union?
Zeal Credit Union's revenue in 2022 was $44,218,975.
Official website here: www.zealcu.org
Who are the executives of Zeal Credit Union and what are their salaries?
The average compensation at Zeal Credit Union during 2022 was $40,459. There are 211 employees and 9 volunteers at Zeal Credit Union.
Here are 19 key members and their salaries (Zeal Credit Union's CEO's salary is $487,470 and their total compensation is $521,717):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $487,470
- Related: $0
- Other: $34,247
- Compensation: $288,688
- Related: $0
- Other: $40,357
- Compensation: $165,765
- Related: $0
- Other: $18,002
- Compensation: $179,748
- Related: $0
- Other: $34,016
- Compensation: $138,469
- Related: $0
- Other: $29,425
- Compensation: $135,498
- Related: $0
- Other: $14,023
- Compensation: $126,103
- Related: $0
- Other: $16,997
- Compensation: $122,496
- Related: $0
- Other: $29,317
- Compensation: $106,927
- Related: $0
- Other: $10,808
- Compensation: $2,542,827
- Related: $0
- Other: $0
Official website here: www.zealcu.org
Where can I find the form 990 for Zeal Credit Union?
Zeal Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.zealcu.org
Learn more at the official website: www.zealcu.org
Mission Statement of Zeal Credit Union
Zeal Credit Union, a financial cooperative with a mission to provide affordable financial services and products to its members, is dedicated to making a difference in people's lives. With a strong commitment to its members, this credit union aims to ensure access to essential financial tools and resources.
Established as a financial cooperative, Zeal Credit Union sets itself apart by focusing on the needs of its members. By offering a range of financial services, including member share accounts and money market accounts, the credit union empowers its members to take control of their financial futures. In doing so, it enables individuals and families to build a secure financial foundation and work towards achieving their financial goals.
Zeal Credit Union's mission is rooted in the belief that financial services should be accessible and affordable to all. By providing a cooperative platform, the organization fosters a sense of community among its members, while ensuring that each individual receives the personalized attention and support they need to navigate the financial landscape. This approach not only strengthens the financial well-being of its members but also contributes to the overall economic health of the community.
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Impact
October, 2024
Zeal Credit Union plays a significant role in enhancing financial accessibility for its members by offering a range of affordable financial services and products. Situated in Livonia, Michigan, it operates as a financial cooperative dedicated to the well-being of its members. With member share accounts totaling $224 million and money market accounts amounting to $160 million, Zeal demonstrates a strong commitment to fostering financial stability within the community.
The credit union's mission focuses on providing affordable options that empower individuals to manage their finances effectively. By prioritizing the needs of its members, Zeal Credit Union not only contributes to individual financial health but also supports broader community development through increased financial literacy and responsibility. This cooperative model helps to create a more inclusive financial ecosystem, ultimately benefiting the public at large.
This information is meant to be a general summary of Zeal Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,373,265
- Program Service Revenue: $38,845,710
- Gross Receipts: $44,260,975
Assets and Liabilities:
- Total Assets: $828,595,532
- Total Liabilities: $719,153,685
- Net Assets: $109,441,847
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INCOME
Revenue
$22,984,373
FEE/CHARGES/OTHER
Revenue
$15,654,305
FINANCE & INSURANCE
Revenue
$207,032
Organization Details
Founding Year
1954
Phone
(734) 522-3700Principal Officer
Julie Kreinbring
Main Address
17250 NEWBURGH RD, LIVONIA, MI, 48152
Website
www.zealcu.orgNTEE Category
Code: W60 - Public benefit
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