Qualstar Credit Union

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

EIN: 916035907 ✦ Bothell, WA ✦ Designated as a 501(c)(14)

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Overview

What is Qualstar Credit Union?

Qualstar Credit Union is a financial institution dedicated to helping its members make the most of their money. Based on the provided information, they offer a range of financial products and services, including savings and checking accounts with competitive interest rates, auto loans, credit cards, and home loans. Qualstar Credit Union is committed to providing sound financial solutions for individuals who work hard and value their income.


Official website here: www.qualstarcu.com

What do the Facebook reviews say about Qualstar Credit Union?

86% of 43 reviewers on Facebook recommend Qualstar Credit Union. Here’s a concise overview of their insights:

Many users appreciate the accessible customer service, particularly highlighting the advantage of 24-hour availability which makes it easier to resolve issues at any time. The recent merger with Puget Sound Credit Union has also been noted positively, as it has enhanced the level of support they receive, with staff providing helpful assistance regarding any questions during the transition.

Overall, people seem to feel satisfied with the support and services offered, indicating that the credit union is successfully meeting their needs in a reliable manner.


This AI summary has been generated from reviews found on Facebook.

Is Qualstar Credit Union legitimate?

Qualstar Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Qualstar 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 tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $674,129
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,949,507

For more financial information, click here


Official website here: www.qualstarcu.com

What is the mission statement of Qualstar Credit Union?

Qualstar Credit Union is committed to offering reliable financial products and services to its members. The credit union caters to individuals who put in great effort to earn their money and aim to maximize its value. Beyond the essential savings and checking accounts that yield interest, Qualstar Credit Union provides an array of financial solutions. These encompass auto loans, credit cards, and home loans, among others. The credit union's mission empowers its members to make the most of their hard-earned money.


Official website here: www.qualstarcu.com

Who is the CEO of Qualstar Credit Union?

Michael G Elfstrom is the Board Chairman of Qualstar Credit Union.


Official website here: www.qualstarcu.com

What is the revenue of Qualstar Credit Union?

Qualstar Credit Union's revenue in 2022 was $35,866,616.


Official website here: www.qualstarcu.com

Who are the executives of Qualstar Credit Union and what are their salaries?

The average compensation at Qualstar Credit Union during 2022 was $47,644. There are 181 employees and 11 volunteers at Qualstar Credit Union.


Here are 16 key members and their salaries:


Kim Brown (Board Chairman)
  • Compensation: $650
  • Related: $0
  • Other: $0
Mitchell Johnson (Board Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leanne Califano (Board Secretary/Treasurer)
  • Compensation: $650
  • Related: $0
  • Other: $0
Ade' Ariwoola (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Doug Scott (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kim Zier (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Noel Mcmurtray (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russ Dewolfe (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tracy Oster (Board Member)
  • Compensation: $1,251
  • Related: $0
  • Other: $0
Michael G Elfstrom (President)
  • Compensation: $396,685
  • Related: $0
  • Other: $31,591
Mark Petersen (Cfo)
  • Compensation: $216,165
  • Related: $0
  • Other: $29,688
Robert Arbuckle (Vp Of Alternative Lending)
  • Compensation: $171,191
  • Related: $0
  • Other: $13,938
Roshalle Dearment (Vp Of Lending)
  • Compensation: $156,412
  • Related: $0
  • Other: $19,627
Patience Tennis (Vp Of Hr)
  • Compensation: $153,369
  • Related: $0
  • Other: $6,219
Lacinda Blanchette (Vp Of Member Engagement)
  • Compensation: $149,940
  • Related: $0
  • Other: $13,163
Brett Treat (Director Of It)
  • Compensation: $149,467
  • Related: $0
  • Other: $13,130


Official website here: www.qualstarcu.com

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

Qualstar Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.qualstarcu.com

Learn more at the official website: www.qualstarcu.com

Mission Statement of Qualstar Credit Union

Qualstar Credit Union, a reputable financial institution, is dedicated to offering reliable financial products and services to its hardworking members. The organization's mission is geared towards providing the best possible financial solutions for individuals who value their earnings and wish to maximize their savings and investments.

Qualstar Credit Union offers a range of financial services that cater to the diverse needs of its members. These include basic savings and checking accounts that generate interest, enabling members to grow their funds over time. The credit union further extends its offerings to cover all aspects of its members' financial lives, such as auto loans, credit cards, and home loans. These services are designed to help members achieve their financial goals and improve their overall financial well-being.

By focusing on providing sound financial products and services, Qualstar Credit Union empowers its members to effectively manage their money and plan for their future. The credit union's commitment to its members' financial success is evident in the comprehensive suite of offerings it provides, all aimed at helping individuals make the most of their hard-earned income.

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Impact




October, 2024

Qualstar Credit Union plays a significant role in enhancing financial well-being for its members in Bothell, WA. By offering a range of financial products and services, including savings and checking accounts, auto loans, credit cards, and home loans, they empower individuals and families to manage their finances effectively.

Through their mission, Qualstar Credit Union helps members make the most of their hard-earned money, promoting financial literacy and supporting responsible financial practices. This commitment to service fosters community growth and stability, benefiting not only individual members but also the broader Bothell area. Qualstar's focus on providing sound financial solutions contributes to the economic vitality of the region and helps members achieve their financial goals.




This information is meant to be a general summary of Qualstar Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$35,866,616 (2022)
Expenses
$25,023,764 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,015,689
  • Program Service Revenue: $33,024,262
  • Gross Receipts: $36,372,658

Assets and Liabilities:

  • Total Assets: $772,976,496
  • Total Liabilities: $681,466,632
  • Net Assets: $91,509,864

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

INTEREST ON LOANS

Revenue

$24,183,058

OTHER OPERATING INCOME

Revenue

$4,895,253

FEE INCOME

Revenue

$3,945,951

Organization Details

Founding Year

1997

Principal Officer

Michael G Elfstrom

Main Address

PO BOX 3050, BOTHELL, WA, 980413050

NTEE Category

Code: W60 - Public benefit

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