Zeal Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 381569911 ✦ Livonia, MI ✦ Designated as a 501(c)(14)

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

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 not tax deductible.

Here 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):

    Anthony M Carnarvon (Former President/Ceo)
  • Compensation: $2,542,827
  • Related: $0
  • Other: $0

    • Julie Kreinbring (President/Ceo)
  • Compensation: $487,470
  • Related: $0
  • Other: $34,247

    • Ronald Boehnlein (Cfo)
  • Compensation: $288,688
  • Related: $0
  • Other: $40,357

    • Sandra Selewski (Chief Operations Officer)
  • Compensation: $179,748
  • Related: $0
  • Other: $34,016

    • Tonya Voltolina (Chief Employee Experience)
  • Compensation: $165,765
  • Related: $0
  • Other: $18,002

    • Colleen Chapman (Vp Member Experience)
  • Compensation: $138,469
  • Related: $0
  • Other: $29,425

    • Angela Millis (Vp Accounting)
  • Compensation: $122,496
  • Related: $0
  • Other: $29,317

    • Paula Piccinini (Vp Marketing)
  • Compensation: $135,498
  • Related: $0
  • Other: $14,023

    • Michael Connolly (Chief Technology Officer)
  • Compensation: $126,103
  • Related: $0
  • Other: $16,997

    • Edward Priebe (Information Security Offic)
  • Compensation: $106,927
  • Related: $0
  • Other: $10,808

    • Michael A O'Hehir (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Samuel R Palise (Vice Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David L Kisic (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • David Adams Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karen Rawls (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kathy Richardson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Paul Messimer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sharon Wright (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Susan Leslie (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.zealcu.org

    Where can I find the form 990 for Zeal Credit Union?

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    Zeal Credit Union's impact can be seen in its mission to provide affordable financial services and products to its members. As a financial cooperative chartered in the state of Michigan, Zeal Credit Union has assets totaling $224 million in member share accounts and $160 million in money market accounts. By offering these services, Zeal Credit Union plays a crucial role in ensuring financial stability and empowerment for its members in Livonia, MI, and beyond. Its commitment to providing accessible financial resources demonstrates a dedication to improving the financial well-being of its community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    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
  • 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

    Principal Officer

    Julie Kreinbring

    Main Address

    17250 NEWBURGH RD, LIVONIA, MI, 48152

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Zeal Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.