Applications / Mortgage Analytics / Lenders / Michigan / Zeal Credit Union
Livonia, MI · Credit union · NCUA · $878 million assets · 228 loans in 2025
Zeal Credit Union's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
228
loans originated, 2025
302
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Zeal Credit Union is a home-improvement lender: nine in ten of its loans in 2025 were for improvements, so its typical loan was about half the size of similar credit unions'.
Home improvement made up 89.9% of its lending and refinances 9.2%; it made no purchase loans. Its typical loan was $55,000, against $105,000 for similar lenders (credit unions making between half and twice as many loans), among the smallest of the group. So although its 228 loans put it in the middle by count, its $13.8 million total is lower than more than nine in ten of them.
Its loans fell 16% in 2025, while similar lenders grew 6% and the whole market 10%. Its count is about half its 2020 level of 437, though that year was unusual; it made 278 in 2018 and 291 in 2019.
Some 9.7% of its loans went to poorer neighborhoods (low- and moderate-income, or LMI, tracts), against 16.4% for similar lenders, lower than nearly nine in ten. Its share for LMI borrowers, 22.8%, is closer to their 27.8%. Home-improvement loans go to existing owners, so the neighborhoods it reaches may simply follow where its members own homes.
It has lent around Detroit since 1990 and across Michigan for decades. Its shares of lending in each market are tiny, which may be what small improvement loans produce beside purchase lenders' far bigger ones.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Zeal Credit Union took 302 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Home improvement 89.9% · Refinance 9.2% · Other 0.9%
Conventional 100.0% · of 228 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Michigan | 228 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Detroit-Dearborn-Livonia | 146 |
| Warren-Troy-Farmington Hills | 67 |
| Ann Arbor | 7 |
| Monroe | 2 |
| Grand Rapids-Wyoming-Kentwood | 1 |
| Kalamazoo-Portage | 1 |
| Niles | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300DXF2FQC64H6G42 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 671996 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 562426 | 1992–2017 |
Established 1 January 1954. Reported under HMDA 1992-2025.
Mergers, name changes, data editions and corrections: Zeal Credit Union's data.
Zeal Credit Union's data
$215
Zeal Credit Union and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
Buy Zeal Credit Union's data, $215Jenner Mortgage Analytics: all the data
$2,110
Every mortgage application reported under HMDA from 1990 to 2025, cleaned and corrected, every lender followed across name changes and mergers, with the market-share and fair-lending tables behind these pages and the Jenner programs that built them: the warehouse and the datamart, as Parquet files.
Buy the data, $2,110Jenner, the SAS-compatible software
See prices
Jenner runs programs written in the SAS language. It drew every chart on these pages and fitted the fair-lending model, PROC GLIMMIX on 3.5 million applications. Run the programs that come with the data, or your own.
Get JennerQuestions, or the data and Jenner together: [email protected]