# ZEAL
Livonia, MI · NCUA charter 62426 · asset band $1-10B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/zeal-62426

Who the members are: state charter, organized 1954, low-income designated. 72,792 members of 434,338 potential (16.8% of the field); checking penetration 76% (share draft accounts per 100 members); loans per 100 members 73.

**Verdict on the desk:** this could be *fortress*. Composite score 2 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $1.05B |
| Members | 72,792 (11.4% YoY) |
| Full-time staff | 160 |
| Net worth | $202.4M |
| Net worth ratio | 19.2% (p98 of band) |
| ROA (annualized) | 2.72% (p100 of band) |
| Total delinquency | 1.46% (p93 of band) |
| Net charge-offs (annualized) | 0.77% (p74 of band) |
| Loans / shares | 85% (p44 of band) |
| Cash / assets | 10.5% |
| Borrowings / assets | 0.50% |
| Net interest margin | 4.50% (p97 of band) |
| Operating expense / assets | 3.23% (p51 of band) |
| Vehicles % of loans | 16% (p23 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 50% |
| Third-party paper % of net worth | 32% (p20 of band) |
| Vehicle delinquency | 4.11% (p100 of band) |
| Vehicle NCO | 2.22% (p88 of band) |
| Repossessed % of vehicle book | 0.51% (p96 of band) |
| Real estate % of loans | 54% |
| Credit cards % of loans | 5% |
| Unsecured % of loans | 10% |
| Commercial % of net worth | 51% |
| Core shares % of member funds | 72% |
| Certificates % of member funds | 7% |
| Average share balance | $6,660 |
| Participations bought / yr | $33.3M |
| Participations sold / yr | $931,520 |
| Participations outstanding | $149.0M |
| Loans outstanding per 100 members | 73% |
| Loans granted per 100 members, annualized | 8% |
| Average loan balance | $13,390 |
| Loans granted, annualized | $166.4M |

## Participation posture (from the same filings)

Bought $33.3M and sold $931,520 in the latest annualized quarter; $149.0M outstanding purchased (73.6% of net worth), $3.6M sold and retained. Sold in 8 and bought in 8 of the last 8 quarters. Shares 22.4% year over year.

## Flags firing in the latest filing

- **delinquency 2x band** (`aq_dq_high`)
- **repo signal** (`aq_repo`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 0 |  |  |
| 2016-06 | 0 |  |  |
| 2016-09 | 2 | charge-offs p90, repo signal |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 1 |  | repo signal |
| 2017-06 | 3 | delinquency 2x band, delinquency rising |  |
| 2017-09 | 4 | repo signal |  |
| 2017-12 | 4 |  |  |
| 2018-03 | 3 | net worth falling | delinquency rising, repo signal |
| 2018-06 | 0 |  | charge-offs p90, delinquency 2x band, net worth falling |
| 2018-09 | 0 |  |  |
| 2018-12 | 1 | charge-offs p90 |  |
| 2019-03 | 2 | expense trap |  |
| 2019-06 | 2 |  |  |
| 2019-09 | 1 |  | expense trap |
| 2019-12 | 1 |  |  |
| 2020-03 | 2 | net worth falling |  |
| 2020-06 | 3 | margin squeeze |  |
| 2020-09 | 3 |  |  |
| 2020-12 | 2 |  | charge-offs p90 |
| 2021-03 | 2 |  |  |
| 2021-06 | 1 |  | net worth falling |
| 2021-09 | 0 |  | margin squeeze |
| 2021-12 | 0 |  |  |
| 2022-03 | 2 | delinquency 2x band, charge-offs p90 |  |
| 2022-06 | 3 | delinquency rising |  |
| 2022-09 | 3 |  |  |
| 2022-12 | 3 |  |  |
| 2023-03 | 1 |  | charge-offs p90, delinquency rising |
| 2023-06 | 1 |  |  |
| 2023-09 | 2 | charge-offs p90, assets shrinking | delinquency 2x band |
| 2023-12 | 1 |  | assets shrinking |
| 2024-03 | 1 | delinquency 2x band | charge-offs p90 |
| 2024-06 | 1 | loans>95% of shares | delinquency 2x band |
| 2024-09 | 1 |  |  |
| 2024-12 | 1 |  |  |
| 2025-03 | 2 | delinquency 2x band, repo signal | loans>95% of shares |
| 2025-06 | 2 | loans>95% of shares | delinquency 2x band |
| 2025-09 | 2 |  |  |
| 2025-12 | 3 | delinquency 2x band |  |
| 2026-03 | 2 |  | loans>95% of shares |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-01-09 [Michigan’s Zeal Credit Union to buy another UP bank - Banking Dive](https://news.google.com/rss/articles/CBMiuAFBVV95cUxNX1FtcTlTWnpRTWh1SVdibzNzU010UVIwZlpEVjFtQXFXMWpka29jX19JUDZwdThzUlhCc2tkZEZkdkpXY01NcXhIT3U5YXpFV2k4U1BqVzVTSWVzTi1UcEdkMW9Vem9hM3FxLThEOE9VUnRRSzN4S2g2UE83c3E0QTFxWWVSOC0wa2xtOGpXM3VfWVNQWG1aWnZELUpBcE13MFcwOGJCaTRaZEJ4Z19hSXRUUjlMSHpp?oc=5) · Banking Dive
- 2026-01-13 [Zeal Credit Union To Acquire The Miners State Bank in All-Cash Transaction - Pulse 2.0](https://news.google.com/rss/articles/CBMimgFBVV95cUxOdWQwLW80MDIwa2ZPYTVwSzlTalFXUGs4Wm5MbF83YnU1VFhmSDRFQWdaYk03dlFlazBkUUdlOUNDeGRUampMNkI1a3YzWmdZT2ZGX2RMc1RpQnlRb3JEVWZtR2tKbGNHVjNwaU1DLVVoWEN1cnJwbmJkdTFnY1kzQklId1BEeTVfZTZPMm9KeTEzM2FTSFFUQWxB0gGfAUFVX3lxTE9IT1M1Y3JNUjlacmJqSFNjeE5HMkJKSjJXRmZJUF91b2xWeW00YndGZlYxajVGWEkwaHN4N09oTjQ0QVJNZzJ6NEpnUFktWnFFM3IwclA0VkhjdmhuVWlZRW1SVVBGdXBkblFIV1FqUGxUMU9iRnplUk9Ba2l4aTV1VzZrTUQtMnQ2dWxMRHhndXUxSVhITDFPRV8tel9CUQ?oc=5) · Pulse 2.0
- 2024-08-20 [Zeal Credit Union announces new Vice President of Lending, Jill Johnson - CUInsight](https://news.google.com/rss/articles/CBMisAFBVV95cUxQaDhodVAwbFVhMDN0UlY4NEh6RmRLWHc4YVFmaTZZcHRVa2RsQ1VrYW1WV2ZaWlRSd01vc0piX2FKaDNKMWFvYUFnN1YzbUd2dmUwUWNUUU9qUEU1TS1oSFQzcUhLbjlKUEVYR2tNekpaT3loMWNabEg0VkRQSmszNnlxUHhoZnFwSllfYkMwcFdid01UaWdFNlBneVBXa09pdmV6YjFlZFlHQlVSX2hOZQ?oc=5) · CUInsight
- 2023-12-12 [Zeal Credit Union Breaks Ground in New Hudson - WHMI](https://news.google.com/rss/articles/CBMihgFBVV95cUxPYTQxSWRwdDhlTms5S2RMMG1IeVV2N3JxZ0lrdlFTX0V0emxXSl9LaE1US2pTT3pMZXZlQUhfMUVTV2U2UF83TXh6X21iOG0wSjF2b0dHT3lscUNVT0JjcTg3bGZnVGxXeWlKVk54YW0zUERnVWs2WUR2MW0xek1rZnFXMmt6UQ?oc=5) · WHMI
- 2025-02-17 [Herman Moore and Zeal Credit Union announce financial education partnership - CUInsight](https://news.google.com/rss/articles/CBMitwFBVV95cUxOVTBubHloYTlRa3R5TmQ1MzJ5dFNSMWY5RGN0b3p0c1VTZ3ZlOXdZZ1NUVGdNbXBoalJkcjhVbUVtV2xMU2ZmUEp3cmlSaEdTcTNhOVdtUkNaRE9EQk9abmhTalIxczRpSTEwV0VqWXNPTjJUNVBsVHZwYUpXMHd6ZjRRZW5MQ2w5NkFfVi1mYk9OMjRLclNyYUZjRUNLWjgzUzJLUlNaeWg1UTY0QjFKVEJ0MFBnLW8?oc=5) · CUInsight
- 2015-07-16 [Zeal Credit Union Incredible Science Machine at the MI Science Center - The Detroit News](https://news.google.com/rss/articles/CBMi1gFBVV95cUxNMGNYU1p3VmZkUFltTFNwbER6M3BNRV95cW1TQzY2b0lIdDlkNkVCSmhpV3h0SnZ0bHBBQWEzVDBZUDFGNDZFUlZ4bW0ycUI4N2Rsc1Zsdkg5LVZ2YUxCVEMzQi1zd2d3X3d0RVE4MmtIVktpb01DRWtIdmYwWkZfMER5d0VXOEM0ZnBMR3RVanpqQkJsa3VDZEhRcXRkRUZtNkJlTHJSeFNJeHNidkVFdjBlLWlCOXJqaTEwWlQxRkhhaGQxeU5RdVN2NlhucjJkMy1OUnhn?oc=5) · The Detroit News
- 2024-09-04 [Woman carjacked at Dearborn credit union by 18-year-old - fox2detroit.com](https://news.google.com/rss/articles/CBMiqAFBVV95cUxPLURhbnRsTjh6QkgwMXZBR2pvczZYWDdGYlpsTVVwQ25raC1QQjNOT2p5V1pUeGlxUXZZQ0lpN3NpQVZrNlZ5ZTFSTl9PRUpuZzlsSTVoLWJBYVBGUHJYZmdNRUNSdWdYSHo2ZDM1YmRIbDhnc3lZN2FpYzNfdktieW0xN21SSDk4T2JMY0g5NFFqd19vWERJcGlSbVpEUmJNMXB1MFBPSWzSAa4BQVVfeXFMT2MyMkhOYW9yZEEtNGt0bnFqNFI2bWFsNElvSUEtc3d5blNwTmJqeWxXQzdLUm5QbXFLbXlRUHVudHRiNHR2enU3TTdkdFlHRGVheUhUWWl4UkFoYlE4b01rZTJGeF9WMXJoR21EMGpBcVo4aVlZZ0doS3hPTGZuVnZyYzRpNGlwbTh6OUFHQ2tMVkZSSm9ZMFhlZjI5OG5nVDR3RlVBc1pTdERjVXl3?oc=5) · fox2detroit.com
- 2024-11-13 [Zeal Credit Union names Srinivasa “Sastri” Siravuri as new Chief Experience Officer - CUInsight](https://news.google.com/rss/articles/CBMivwFBVV95cUxPRldIQ0JDeEVxSU96V2xkLVpfM2hxUng2NDdLYmZRMlpjOF96RGVCUVllSHlJSk9oc29ZVDRmcGlBZzRZMFRURWhpcm9iWmpvYXlYNFVYWlEzSFpCdUc4QVJlLWRoSWN5dGpNdTRHZURPWHhxSEQyejJySUVCSURoYi1yX29FV0ZBM0I2UTRNQnJhNzl0Y01RZTEwNEhsOWhLLTkwWmZJejBsUlRWNDdxY0l2UU9wSE11b0ctMWxJYw?oc=5) · CUInsight

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62426 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/26.json (key "62426", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=62426
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

---
Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide