Gogebic Range Bank
Gogebic Range Bank was an Ironwood, Michigan-based community bank founded in 2002 offering personal and business deposit, lending, and digital banking products. It was acquired by Zeal Credit Union and converted to a statewide Michigan state-chartered credit union.
- Company typePrivate
- Founded2002
- HeadquartersIronwood, United States
- Headcount1–10
- GTM typeB2B and B2C
- OfferingServices
What Gogebic Range Bank does
Gogebic Range Bank, founded in 2002 and headquartered in Ironwood, Michigan, was a community bank offering a complete line of deposit and loan products for both consumer and business customers. The institution operated across personal banking (checking, savings, money market, certificates of deposit, IRAs), business banking (checking, savings, money market, CDs, public funds accounts, nonprofit/organizational accounts), and a full lending suite spanning home mortgages, HELOCs, construction loans, vacant land loans, fixed-rate home loans, auto loans, recreational vehicle loans, consumer loans, business loans, commercial real estate loans, business acquisition and expansion loans, business lines of credit, SBA-backed loans, and personal and business credit cards.
The technology layer centered on a digital banking platform delivered through a mobile banking application, online banking, mobile check deposit, Zelle peer-to-peer payments, e-statements, telephone banking, business digital banking, remote deposit capture, and merchant card services. Competitive advantage was described as a 'moderate' brand-recognition moat derived from deep community roots in the Gogebic Range region, paired with modern digital banking capabilities. Pricing and fee specifics were not publicly disclosed; rates were available on request through the rates page.
Gogebic Range Bank has been acquired and rebranded as Zeal Credit Union, a state-chartered credit union serving Michigan. The bank officially became part of Zeal Credit Union, resulting in a conversion from a community bank to a credit union and enabling statewide presence expansion in Michigan. Operating status is recorded as 'acquired.'
Gogebic Range Bank firmographics
Firmographics- Name
- Gogebic Range Bank
- Legal name
- Zeal Credit Union
- Website
- https://gogebicrangebank.com
- Company type
- Private
- Founded year
- 2002
- Operating status
- Acquired
- Headcount range
- 1–10 employees
- Short description
- Gogebic Range Bank was an Ironwood, Michigan-based community bank founded in 2002 offering personal and business deposit, lending, and digital banking products. It was acquired by Zeal Credit Union and converted to a statewide Michigan state-chartered credit union.
- Ownership category
- akta.pro rank
Gogebic Range Bank industry classification
Industry- Product category
- Community Banking
- NAICS
- Credit Unions (52213), Credit Card Issuing (522210), Commercial Banking (52211)
- SIC
- State Commercial Banks (6022), Savings Institutions, Not Federally Chartered (6036)
- akta.pro primary industry
- Credit Cards & Revolving Credit (FSABAAAC)
- akta.pro secondary industries
- Bank & Credit Union Personal Loans (Unsecured Installment) (FSAKAAAL), Revolving Lines of Credit (Personal HELOC-excluding / Unsecured LOC) (FSAKABAL)
Keywords
Where Gogebic Range Bank is headquartered
LocationHeadquarters
- HQ city
- Ironwood
- HQ country
- United States
- HQ region
- North America
Markets served
Gogebic Range Bank business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Technology or R&D, Marketing or Sales
Distribution channels2 records
Marketing channels2 records
Gogebic Range Bank product offering
Product offeringCore offering
Gogebic Range Bank, now operating as Zeal Credit Union, is a full-service community financial institution offering a comprehensive suite of deposit and loan products for both consumer and business customers. Its portfolio spans personal and business checking and savings accounts, certificates of deposit, IRAs, mortgages, home equity and construction loans, auto/RV/consumer loans, business and SBA lending, credit cards, merchant card processing, remote deposit capture, and digital/mobile banking.
Product overview
Zeal Credit Union (formerly Gogebic Range Bank) operates as a full-service financial institution offering a comprehensive suite of banking products and services. The portfolio includes personal and business checking and savings accounts (core products), a diverse range of loan offerings spanning home mortgages, personal lending (auto, RV, consumer), and business lending (commercial real estate, SBA loans, lines of credit), plus credit cards for both personal and business use. Digital Banking serves as the primary digital channel providing online and mobile banking with mobile deposit and e-statements, while Business Digital Banking adds commercial features. Additional services include merchant card processing, remote deposit capture, Zelle peer-to-peer payments, debit cards, overdraft protection, and telephone banking. The institution recently rebranded from Gogebic Range Bank to Zeal Credit Union, expanding its statewide presence in Michigan.
Differentiator
Problem solved
Functional benefit
Products and services
- Personal Checking Accounts Personal checking account offerings including options with no monthly service fee, interest-bearing NOW accounts, branded Rangers Checking, and Money Market accounts with limited check-writing privileges, designed for everyday banking needs.
- Personal Savings Accounts Savings products for individuals including basic savings, youth savings, periodic-goal club accounts, fixed-term Certificates of Deposit with guaranteed rates, and tax-advantaged Traditional and Roth IRAs.
- Business Checking Accounts Business checking accounts designed to keep costs low while maintaining efficient day-to-day banking operations, including basic accounts with straightforward fee structures, interest-bearing accounts for higher balances, public funds accounts for government entities, and money market accounts.
- Business Savings Accounts Savings accounts for businesses, government/public entities, nonprofit organizations, and community groups, including fixed-term Certificates of Deposit with guaranteed returns.
- Home Mortgage Loans Mortgage financing for purchasing residential properties, including fixed-rate mortgages with predictable monthly payments, revolving home equity lines of credit (HELOC), vacant land financing, and short-term construction loans.
- Personal Lending Personal financing for vehicle purchases (new and used automobiles), recreational vehicles/motorhomes/travel trailers, and general-purpose consumer loans for various financial needs.
- Business Lending Financing solutions for businesses including general operational and growth loans, commercial property acquisition and development, business acquisition and expansion funding, revolving lines of credit for liquidity, and government-backed SBA loans for small businesses.
- Credit Cards Personal credit cards for individual spending and revolving credit, plus business credit cards designed for business expenses and cash flow management.
- Digital Banking Online and mobile banking platform providing 24/7 access to personal accounts, mobile check deposit via smartphone camera, e-statements, and integration with Zelle for peer-to-peer payments.
- Business Digital Banking Online banking platform tailored for business members with enhanced features, controls, and functionality for commercial account management.
- Merchant Card Services Payment processing services enabling businesses to accept debit and credit card transactions from customers.
- Remote Deposit Capture Service allowing businesses to deposit checks electronically using a scanner, eliminating the need to physically visit a branch for check deposits.
- Debit Cards ATM and debit card access for everyday point-of-sale transactions and cash withdrawals from member accounts.
Companies that use Gogebic Range Bank
Customer profileSegments2 records
Ideal customer profiles2 records
Gogebic Range Bank technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature4 records
Gogebic Range Bank partnerships and signals
Strategic signalRecent moves6 records
Expansion highlights5 records
Gogebic Range Bank competitors and assessment
Company assessmentRegional players
- Range Bank: Community bank serving Michigan's Upper Peninsula and northern Wisconsin with personal and business banking, mortgage, and digital services; directly comparable market geography to Gogebic's legacy footprint.
- Lake Superior Credit Union: Upper Peninsula-rooted credit union headquartered in Marquette, MI, serving a similar rural Michigan geography with personal and business deposit and lending products; closest geographic peer to Gogebic's legacy footprint.
- Isabella Bank: Michigan community bank offering personal and business deposit, mortgage, and lending products with a regional branch network; comparable community-banking model and Mid-Michigan geography.
Broad incumbents
- MSU Federal Credit Union: Large Michigan-based credit union providing full-service personal and business banking, mortgages, and digital platforms; serves as a larger benchmark for product breadth and member scale.
- Lake Michigan Credit Union: The largest credit union in Michigan, offering comprehensive personal and business banking, mortgage, and digital channels statewide; directly comparable product mix and member model to Gogebic's expanded Zeal footprint.
Direct peers
- Genisys Credit Union: Michigan-headquartered community credit union providing personal/business banking, mortgages, auto loans, and digital services; comparable size, geography, and full-service product offering.
- Members First Credit Union: Michigan community credit union offering personal checking, savings, mortgage, and business banking products; comparable size and community-banking model to Gogebic.
- Honor Credit Union: Michigan community credit union offering personal and business banking, mortgage, and consumer loans; comparable community-banking positioning and product breadth, with rural and small-town presence.
- DFCU Financial: Michigan-based credit union offering consumer and business deposit, lending, mortgage, and digital banking products with strong statewide branch and digital presence.
- Zeal Credit Union: Acquirer and current parent of Gogebic Range Bank; a Michigan state-chartered credit union offering a near-identical full-service personal and business banking, lending, and digital product suite.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Gogebic Range Bank social profiles
Digital presenceGogebic Range Bank financial estimates
Financial estimateRevenue estimate
Valuation estimate
Gogebic Range Bank leadership team
Management profileNumber of profiles
Gogebic Range Bank funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Gogebic Range Bank M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Gogebic Range Bank
What does Gogebic Range Bank do?
Gogebic Range Bank, now operating as Zeal Credit Union, is a full-service community financial institution offering a comprehensive suite of deposit and loan products for both consumer and business customers. Its portfolio spans personal and business checking and savings accounts, certificates of deposit, IRAs, mortgages, home equity and construction loans, auto/RV/consumer loans, business and SBA lending, credit cards, merchant card processing, remote deposit capture, and digital/mobile banking.
Is Gogebic Range Bank a public or private company?
Gogebic Range Bank is a private company. It is classified as nonprofit foundation owned and is currently acquired.
When was Gogebic Range Bank founded?
Gogebic Range Bank was founded in 2002. It employs 1 to 10 people.
Where is Gogebic Range Bank based?
Gogebic Range Bank is headquartered in Ironwood, United States, in the North America region.
Who are Gogebic Range Bank's main competitors?
Regional players on record are Range Bank, Lake Superior Credit Union and Isabella Bank. Broad incumbents are MSU Federal Credit Union and Lake Michigan Credit Union. Direct peers are Genisys Credit Union, Members First Credit Union, Honor Credit Union, DFCU Financial and Zeal Credit Union.
Does Gogebic Range Bank have an API?
No public API is recorded for Gogebic Range Bank.
What industry is Gogebic Range Bank in?
Gogebic Range Bank's product category is Community Banking. Its primary akta.pro industry code is FSABAAAC, Credit Cards & Revolving Credit, with a secondary code of FSAKAAAL, Bank & Credit Union Personal Loans (Unsecured Installment). Its NAICS code is 52213 and its SIC code is 6022.