Zeal Credit Union is headquartered in Livonia and is the 25th largest credit union in the state of Michigan. It is also the 488th largest credit union in the nation. It was established in 1954 and as of September of 2020, it had grown to 175 employees and 66,301 members at 14 locations. Zeal Credit Union has an A+ health rating.
Field of Membership Restrictions
Membership in Zeal Credit Union is open to anyone through a one-time membership fee ($2) to CSI Support and Development Services.
See current membership details
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I Love Zeal Credit Union
I have been with Zeal for nearly ten years and I have never been dissatisfied. There were moments in my life where I had two dollars in my checking account and they never once gave me a surcharge. They aren't out for your money, they're out to make you their customer. Of course, there are a few annoyances with their security, but the complaint pertains to how overly secure they are with giving access to my accounts. Overall though, I'd rather have a more secure bank than a less secure one. I use them for my Savings and checking and both are flawless and I've never had to pay a single cent in fees or surcharges. I also have a secured credit card though them and it is helping me build my credit back to what it used to be. I will probably use my credit union when I need a car loan or a mortgage.
Zeal Cu Review.
never had a problem with Zeal C.U. approved my loan quick, on-line bill pay is easy, and the staff are friendly. wish thier were more full serve branches though. especially in Monroe,Mich. OH! by the way...Don't forget to see that Jolly ole fella JON LYBECK of Cunamutal.com for all your investment needs. A straight-up honest guy.
Issue with saving bonds needed to be cashed.
I had had a credit union account for ten years. I had previously left Bank of America because always had to wait 7 days for my pay checks to be cashed. Also the return on my savings account was much less at the bank then what the credit union was offering. Then my grandmother passed and i found myself with needing to cash bonds i inherited. When went to my credit union with my bonds i was in disbelief when i was told only a bank could cash them. So i stated that i no longer need an account here because if i have to have a bank cash them well i may as well invest my money there. Since i will have to open an account. So the story ends i have been with PNC bank for 5 years now.
Horrible Credit Union Stay Away
Zeals Credit Union slogan is what got me in for the working man and woman however after being with them for less than a year the only thing they seem to do is hit me with fee after fee after fee the websites constantly down when you call the customer service you will never get through you have to request a call back treated very rude I am immediately shutting down my account with them my wife's as well I would not recommend this Credit Union to anyone after the stories I could give you you would understand why they do not give anyone a chance to fix things that might have gone wrong with your account there is a $30 fee for just about everything finding an ATM as a constant problem overall I would not recommend this Credit Union
Data as of Q3 2020
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62426 |
| Year Chartered | 1954 |
| Employees | 175 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.25% |
| Return on Equity - YTD | 1.84% |
| Annual Interest Income | $16.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q3 2020vs Q3 2019 | $723.0MM$597.1MM |
| Loans | Q3 2020vs Q3 2019 | $383.6MM$372.1MM |
| Deposits | Q3 2020vs Q3 2019 | $592.1MM$480.4MM |
| Equity Capital | Q3 2020vs Q3 2019 | $97.9MM$93.3MM |
| Loan Loss Allowance | Q3 2020vs Q3 2019 | $5.4MM$4.9MM |
| Unbacked Noncurrent Loans | Q3 2020vs Q3 2019 | $2.2MM$3.6MM |
| Real Estate Owned | Q3 2020vs Q3 2019 | $111.00K$88.00K |
