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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Qualstar Credit Union

Qualstar Credit Union

Fiscal year ending 2022. Filed on November 15, 2023.

PO Box 3050
Bothell, Washington 98041

Qualstar Credit Union (EIN: 91-6035907) has filed an IRS Form 990 between fiscal years 2016 and 2024. In its fiscal year 2022 IRS Form 990 filing, Qualstar Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 7 out of 181 total employees. Among the employees shown here, the average compensation is $217,226. The highest compensated employee at Qualstar Credit Union is Michael G Elfstrom with fiscal year 2022 compensation of $428,276. Qualstar Credit Union changed its name from Credit Unions IN the State of Washi Ngton in 2021.

Revenue, expenses, and employee compensation

Revenue

$35,866,616

Expenses

$25,023,764

Employee compensation

$12,016,218
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Michael G Elfstrom
President
$428,276
$396,685 No related comp$31,591
Mark Petersen
Chief Financial Officer
$245,853
$216,165 No related comp$29,688
Robert Arbuckle
Vice President of Alternative Lending
$185,129
$171,191 No related comp$13,938
Roshalle Dearment
Vice President, Lending
$176,039
$156,412 No related comp$19,627
Lacinda Blanchette
Vice President of Member Engagement
$163,103
$149,940 No related comp$13,163
Brett Treat
Information Technology Director
$162,597
$149,467 No related comp$13,130
Patience Tennis
Vice President, Human Resources
$159,588
$153,369 No related comp$6,219

Benchmark Employee Compensation

Non-Employee Board Members

Tracy Oster
Board Member
$1,251
$1,251 No related compNo other comp
Leanne Califano
Board Secretary and Treasurer
$650
$650 No related compNo other comp
Kim Brown
Board Chair
$650
$650 No related compNo other comp
Kim Zier
Board Member
No compensation reported
Noel McMurtray
Board Member
No compensation reported
Doug Scott
Board Member
No compensation reported
Ade' Ariwoola
Board Member
No compensation reported
Russ Dewolfe
Board Member
No compensation reported
Mitchell Johnson
Board Vice Chair
No compensation reported

Contractors

Jack Henry & Associates
Core Banking System/Card
$1,281,765
Visa
Credit Card Processor
$775,623
Alkami Technology Inc.
Bill Payer
$525,685
Cooperative Financial Services
Shared Branching
$516,354
Kaye Smith
Printing
$449,028

Mission Statement

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

Revisions to this organization profile

November 17, 2025:
2024 Qualstar Credit Union 990 filed
November 15, 2024:
2023 Qualstar Credit Union 990 filed
November 15, 2023:
2022 Qualstar Credit Union 990 filed

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