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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 2023. Filed on November 15, 2024.

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 2023 IRS Form 990 filing, Qualstar Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 8 out of 165 total employees. Among the employees shown here, the average compensation is $197,820. The highest compensated employee at Qualstar Credit Union is Michael G Elfstrom with fiscal year 2023 compensation of $446,360. Qualstar Credit Union changed its name from Credit Unions IN the State of Washi Ngton in 2021.

Revenue, expenses, and employee compensation

Revenue

$52,455,108

Expenses

$45,480,230

Employee compensation

$11,762,247
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Michael G Elfstrom
President
$446,360
$412,228 No related comp$34,132
Roshalle Dearment
Senior Vice President of Lending
$217,357
$194,797 No related comp$22,560
Patience Tennis
Vice President, Human Resources
$187,159
$172,277 No related comp$14,882
Lacinda Blanchette
Vice President of Member Engagement
$180,796
$166,166 No related comp$14,630
Brett Treat
Information Technology Director
$168,692
$155,609 No related comp$13,083
William Hanaford
Investment Advisor
$144,716
$132,495 No related comp$12,221
Carla Pizarro
Director Business Solutions/Audit
$142,630
$130,517 No related comp$12,113
Mark Petersen
CFO (Thru 3/23)
$94,853
$85,533 No related comp$9,320

Benchmark Employee Compensation

Non-Employee Board Members

Kim Brown
Board Member
$1,447
$1,447 No related compNo other comp
Leanne Califano
Board Vice Chair
$1,346
$1,346 No related compNo other comp
Doug Scott
Board Secretary and Treasurer
No compensation reported
Mitchell Johnson
Board Chair
No compensation reported
Russ de Wolfe
Board Member
No compensation reported
Noel McMurtray
Board Member
No compensation reported
Tracy Oster
Board Member
No compensation reported
Kim Zier
Board Member
No compensation reported
Ade' Ariwoola
Board Member
No compensation reported

Contractors

Jack Henry & Associates
Core Banking System/Card
$1,370,313
Visa
Credit Card Processor
$859,096
Alkami Technology Inc.
Bill Payer
$613,031
Cooperative Financial Services
Shared Branching
$568,814
Kaye Smith
Printing
$484,585

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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