Qualstar Credit Union

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

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

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

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 not tax deductible.

Here 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:

    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

    • 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

    • Patience Tennis (Vp Of Hr)
  • Compensation: $153,369
  • Related: $0
  • Other: $6,219

    • Tracy Oster (Board Member) [Trustee/Director]
  • Compensation: $1,251
  • Related: $0
  • Other: $0

    • Kim Brown (Board Chairman) [Trustee/Director]
  • Compensation: $650
  • Related: $0
  • Other: $0

    • Leanne Califano (Board Secretary/Treasurer) [Trustee/Director]
  • Compensation: $650
  • Related: $0
  • Other: $0

    • Mitchell Johnson (Board Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ade' Ariwoola (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Doug Scott (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kim Zier (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Noel Mcmurtray (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Russ Dewolfe (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.qualstarcu.com

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

    The 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.

    Impact

    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.




    Thursday, August 15, 2024

    Qualstar Credit Union's impact can be seen in the financial stability and support it provides to its members. By offering a range of financial products and services, including savings and checking accounts, loans, and credit cards, Qualstar Credit Union helps individuals manage their money effectively and achieve their financial goals. This level of support not only benefits individual members but also contributes to the overall economic well-being of the community. Qualstar Credit Union's commitment to providing sound financial products and services demonstrates its dedication to helping people make the most of their hard-earned money.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    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
  • 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

    If you are a representative of Qualstar Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.