QUALSTAR CREDIT UNION
2133 152nd Ave NE, Redmond, WA 980097730 www.qualstarcu.com

Total Revenue
$38,501,994
Total Expenses
$28,865,374
Net Assets
$78,946,882

Organizations Filed Purposes: PROVIDE FINANCIAL PRODUCTS & SERVICES

WE ARE A CREDIT UNION PROVIDING FINANCIAL PRODUCTS & SERVICES TO MEMBERS

Interest expense in the amount of $4,948,168 was paid to members for money on deposit at the credit union. Deposit accounts earning interest included checking, savings, money market, IRA, and Certificate of Deposit accounts. The credit union has about 89,700 deposit accounts that can earn interest.

The credit union expensed $1,540,163 in provision for loan loss costs for the year. The expense was to fund the accrual for doubtful loans on the balance sheet. The credit union has about 33,300 open loan accounts.

The credit union expensed $753,061 during the year for loan servicing costs. These costs were paid to originate and service loans to members. The credit union has about 33,300 open loan accounts.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Mark R NelsonPresident40$436,804
Michael G ElfstromExec VP/CFO40$321,518
Diane PercivalDirector of Finance40$244,051
Robert ArbuckleCLA40$196,153
William HanafordInvestment Advisor40$167,613
Kara TaylorVP OF I.S.40$165,697
Roshalle DearmentVP OF Lending40$145,023
Brett TreatIS Manager40$144,032
Tracy OsterBoard Member3$2,469
Leanne CalifanoBoard Secretary/Treasurer3$1,370
Joel SchmidtBoard Member3$1,004
Richard UrnessBoard Secretary/Treasurer3$0
Gary PowersBoard Member3$0
Russ DewolfeBoard Member3$0
Kim ZierVice Chair3$0
Lawrence Bindner JrBoard Member3$0
Noel McmurtrayBoard Member3$0
Mitchell JohnsonBoard Member3$0
Kim BrownBoard Chairman4$0
Gene ViaBoard Member3$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202033179349303378_public.xml