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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 2024. Filed on November 17, 2025.

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 2024 IRS Form 990 filing, Qualstar Credit Union, a 501(c)(14) state-chartered credit union or mutual reserve fund, reported compensation for 9 out of 159 total employees. Among the employees shown here, the average compensation is $222,548. The highest compensated employee at Qualstar Credit Union is Michael G Elfstrom with fiscal year 2024 compensation of $488,951. Qualstar Credit Union changed its name from Credit Unions IN the State of Washi Ngton in 2021.

Revenue, expenses, and employee compensation

Revenue

$58,863,677

Expenses

$49,819,511

Employee compensation

$12,126,589
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Michael G Elfstrom
President
$488,951
$447,622 No related comp$41,329
Roshalle Dearment
Senior Vice President of Lending
$250,893
$226,608 No related comp$24,285
Michael Bishop
Senior Vice President, Operations
$243,819
$210,124 No related comp$33,695
Jason Ball
Vice President, Information Technology
$229,784
$203,000 No related comp$26,784
Lacinda Blanchette
Vice President of Member Engagement
$210,131
$186,774 No related comp$23,357
Patience Tennis
Vice President, Human Resources
$203,517
$188,073 No related comp$15,444
William Hanaford
Investment Advisor
$156,981
$142,992 No related comp$13,989
Carla Pizarro
Director Business Solutions/Audit
$147,309
$133,660 No related comp$13,649
Brook Hamilton
Chief Financial Officer
$71,549
$68,586 No related comp$2,963

Benchmark Employee Compensation

Non-Employee Board Members

Mitch Johnson
Board Chair
$2,857
$2,857 No related compNo other comp
Ade' Ariwoola
Board Member
$1,906
$1,906 No related compNo other comp
Tracy Oster
Board Member
$1,687
$1,687 No related compNo other comp
Leanne Califano
Board Vice Chair
$1,592
$1,592 No related compNo other comp
Cheryl Silva
Board Member
$1,523
$1,523 No related compNo other comp
Kim Brown
Board Member
$1,111
$1,111 No related compNo other comp
Doug Scott
Board Secretary and Treasurer
$717
$717 No related compNo other comp
Kim Zier
Board Member (Thru 4/24)
No compensation reported
Russ de Wolfe
Board Member
No compensation reported
Noel McMurtray
Board Member
No compensation reported

Contractors

Jack Henry & Associates
Core Banking System/Card
$1,543,878
Visa
Credit Card Processor
$802,803
Alkami Technology
Bill Payer
$752,032
Cooperative Financial Services
Shared Branching
$555,974
Kaye Smith
Printing
$471,523

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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