2018-11-13T14:20:09-06:00 2017-12-31 382492570 DOEREN MAYHEW 305 WEST BIG BEAVER ROAD TROY MI 48084 990 2017-01-01 381569911 ZEAL CREDIT UNION FKA CREDIT UNIONS CHARTERED IN THE STATE OF CO-OP SERVICES ZEAL 7345223700 17250 NEWBURG RD LIVONIA MI 48152 ANTHONY CARNARVON PRESIDENT/CEO 7345223700 2018-11-13 1 ROBIN D HOAG CPA P00360662 2482443000 64.95.240.2 2018-11-13 14:19:35 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A7DB26C3BB201601930FCFA0C4651552B54C26A2 2017 2019-02-21 02:37:17Z ANTHONY CARNARVON 17250 NEWBURG RD LIVONIA MI 48152 56366116 0 1359 X WWW.ZEALCREDITUNION.ORG X 1954 MI FINANCIAL COOPERATIVE ORGANIZED TO PROVIDE MEMBERS WITH AFFORDABLE FINANCIAL SERVICES & PRODUCTS. 10 10 298 12 270585 -85182 0 0 27089256 27428020 4515523 5156400 125931 0 31730710 32584420 0 0 0 0 9287643 10602100 0 0 0 13191512 20186293 22479155 30788393 9251555 1796027 552762216 573625010 470824042 490746173 81938174 82878837 FINANCIAL COOPERATIVE ORGANIZED TO PROVIDE MEMBERS WITH AFFORDABLE FINANCIAL SERVICES & PRODUCTS. 0 0 MEMBER SHARE ACCOUNTS - $195 MILLION MONEY MARKET ACCOUNTS - $182 MILLION FIRST MORTGAGES - $101 MILLION 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 12132 0 1 298 1 1 1 0 0 0 0 0 X 10 10 0 0 0 0 1 1 1 1 1 0 0 0 1 1 1 1 1 1 1 0 X ANTHONY CARNARVON 7345223700 17250 NEWBURG RD LIVONIA MI 48152 KATHY RICHARDSON DIRECTOR 2.00 X 0 0 0 JOANNE CAIN TREASURER 2.00 X 0 0 0 DAVID L KISIC SECRETARY 2.00 X 0 0 0 MICHAEL A O'HEHIR CHAIRPERSON 2.00 X 0 0 0 SAMUEL R PALISE CHAIRPERSON 2.00 X 0 0 0 GLENN LEE DIRECTOR 2.00 X 0 0 0 KAREN RAWLS DIRECTOR 2.00 X 0 0 0 DAVID ADAMS JR DIRECTOR 2.00 X 0 0 0 JIM KRIZAN DIRECTOR 2.00 X 0 0 0 PAUL MESSIMER DIRECTOR 2.00 X 0 0 0 SHARON WRIGHT OVERSIGHT COMMITTEE 2.00 X 0 0 0 SUSAN LESLIE OVERSIGHT COMMITTEE 2.00 X 0 0 0 MELISSA ESPINOZA CONTROLLER 40.00 X 140531 0 12720 ANTHONY CARNARVON PRESIDENT/CEO 45.00 X 417341 0 43542 FRANCESSCA JURICNY CHIEF APPLICATION SERVICES OFFICER 45.00 X 127663 0 12977 ANGELA KROGOL CHIEF MEMBER EXPERIENCE OFFICER 45.00 X 158469 0 26360 NORMAN THOMAS CHIEF INFORMATION TECHNOLOGY OFFICER 45.00 X 130292 0 24363 SANDRA SELEWSKI CHIEF HUMAN RESOURCES OFFICER 45.00 X 129416 0 12816 DAWN SEWARD CHIEF LENDING OFFICER 45.00 X 122675 0 27085 1226387 0 159863 8 0 1 0 SYNERGY GROUP 39400 WOODWARD AVE BLOOMFIELD HILLS MI 48304 CONSTRUCTION MANAGEMENT SERVICES 1995383 KIRCO MANIX CONSTRUCTION 101 W BIG BEAVER 200 TROY MI 48084 CONSTRUCTION MANAGEMENT SERVICES 1863676 EDGE CREATIVE GROUP 23452 WOODWARD FERNDALE MI 48220 MARKETING 1572702 FISERV 255 FISERV DRIVE BROOKFIELD WI 530080979 FINANCIAL SERVICES TECH SOLUTIONS 989281 RIGHTSIZE FACILITY 5000 W ROOSEVELT ROAD CHICAGO IL 60644 FURNITURE CONSULTING AND SALES 656712 15 LOAN INCOME 522100 16341078 16341078 FEE/CHARGES/OTHER 522100 10816357 10816357 NON-MEMBER ATM FEE INCOME 900099 236223 236223 INSURANCE INCOME 524298 34362 34362 27428020 4908584 4908584 23778495 251017 23555642 226054 222853 24963 247816 247816 32584420 27157435 270585 5156400 614134 7319908 412716 1597257 658085 264603 69600 292907 2065057 2668616 1511265 1332875 208659 59965 920559 76838 1466714 215744 LOAN LOSS PROVISION 4565000 MISCELLENEOUS 1177607 DEBIT/CREDIT EXPENSES 1069741 LOAN SERVICING 850557 1369986 30788393 6196739 6936793 4778265 9827662 312464 146542 3830000 3830000 280928951 293688733 662561 954109 34212901 10497065 11140388 23715836 212598843 213457796 1242000 1354865 1173930 29717140 19893609 552762216 573625010 3217223 3828281 11250000 10000000 456356819 476917892 470824042 490746173 X 0 0 0 0 81938174 82878837 81938174 82878837 552762216 573625010 X 1796027 -668026 -187338 X X 0 1 X 1 0 3990846 3990846 22037684 5049951 16987733 260547 260547 0 7923824 5186567 2737257 23715836 MEMBER SHARES 476917892 476917892 32584420 0 32584420 0 32584420 30788393 0 30788393 0 30788393 X 1 1 X X 0 1 0 MELISSA ESPINOZA CONTROLLER 136503 0 3427 0 601 0 10840 0 1880 0 153251 0 0 0 ANTHONY CARNARVON PRESIDENT/CEO 350228 0 53473 0 13640 0 21600 0 21942 0 460883 0 0 0 ANGELA KROGOL CHIEF MEMBER EXPERIENCE OFFICER 131486 0 19865 0 7118 0 12183 0 14177 0 184829 0 0 0 NORMAN THOMAS CHIEF INFORMATION TECHNOLOGY OFFICER 112420 0 15607 0 2265 0 10432 0 13931 0 154655 0 0 0 PART I, LINE 4B ANTHONY CARNARVON AND ANGELA KROGOL PARTICIATED IN 457(F) DEFERRED COMPENSATION PLANS. THE PLANS' LIABILITIES BY PARTICIPANT AS OF DECEMBER 31, 2016 WERE AS FOLLOWS: ANTHONY CARNARVON: $1,443,360 ANGELA KROGOL: $446,302 ANGELA KROGOL SVP MEMBER SERVICES SPLIT DOLLAR - DEFERRED COMP X 1050000 1050000 0 1 1 ANTHONY CARNARVON CEO SPLIT DOLLAR - DEFERRED COMP X 2780000 2780000 0 1 1 3830000 FORM 990, PART VI, SECTION A, LINE 6 ALL ACCOUNT HOLDERS ARE REFERRED TO AS MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A CREDIT UNION MEMBERS ELECT THE BOARD MEMBERS. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD HAS DESIGNATED THE PRESIDENT/CEO AND THE FINANCIAL MANAGEMENT TEAM WITH THE RESPONSIBILITY OF REVIEWING AND APPROVING THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C IN ADDITION TO REGULAR ADHERENCE TO POLICY GUIDELINES, THE BOARD OF DIRECTORS PERFORMS AN ANNUAL REVIEW OF ALL POLICIES. IN ADDITION TO THE BOARD REVIEW, ANNUALLY THE STATE OF MICHIGAN REGULATORY EXAMINATION REVIEWS ALL POLICIES FOR COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 COMPARABLE MARKET DATA IS USED FOR ALL KEY EMPLOYEES. A VOLUNTEER BOARD OF DIRECTORS UTILIZES MARKET DATA TO SET COMPENSATION OF THE CEO. THE CEO, WITHIN PRE-ESTABLISHED RANGES SET BY THE BOARD OF DIRECTORS, ESTABLISHES THE COMPENSATION OF THE REMAINING KEY EMPLOYEES. FORM 990, PART VI, SECTION C, LINE 19 THE CREDIT UNION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY IS NOT MADE AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: RECLASSIFICATION ADJUSTMENT FOR REALIZED GAINS INCLUDED IN NET EARNINGS -187,338. FORM 990, PART XII, LINE 2C: WE HAVE A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR THE OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF AN INDEPENDENT ACCOUNTANT. OUR PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.