QUALSTAR Credit Union Profile

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QUALSTAR

Charter #68223 | NCUA Region 3 | FISCU
Low-Income Designation: No
Report Date: 2025

Headquarters Contact & Staff

Contact & Info

Phone: (800) 848-0018

Fax:

Founding Date: N/A

Website: http://www.qualstarcu.com

Personnel & Operations

President: JOHNSON, MITCH

Manager: ELFSTROM, MICHAEL

FT Employees: 125

PT Employees: 1

Designations & Ratios

MDI Status: No

RBC Ratio: 26.95%

Membership Type: 99

Branches: 4

Hours: N/A

Credit Union Profile Summary

QUALSTAR is a FISCU Credit Union. With a total of 67,855 members [1], this institution manages approximately $874,192,004 in total assets [1]. It does not currently hold a Low-Income Designation. Key financial indicators show a solid Net Worth Ratio of 15.87% [1] and a strong Loan-to-Share Ratio, with loan growth over the last four quarters at 8.04% [1].

Financial Snapshot

Total Assets [1]
$874,192,004

Total economic resources.

Total Loans [1]
$545,538,777

Total value of outstanding loans.

Total Deposits [1]
$727,290,375

Total funds deposited by members.

Members [1]
67,855

Number of active members.

Performance Ratios

Net Worth Ratio [1]
15.87%

This is the credit union's safety cushion; 7.0% is the regulatory minimum. A higher ratio means the credit union is stable.

Return on Assets (ROAA) [1]
0.93%

Measures profitability. Shows profit generated per dollar of assets. Near 1.0% is considered strong.

Loan-to-Share Ratio [1]
75.01%

Measures lending activity using member deposits. Below 100% is generally healthy, balancing lending and liquidity.

Four-Quarter Growth

Asset Growth (4Q) [1]
↑ 8.46%

Indicates change in total size. Positive growth means the credit union is expanding its operations.

Loan Growth (4Q) [1]
↑ 8.04%

Shows change in lending activity. Positive growth means they are actively increasing their lending business.

Member Growth (4Q) [1]
↓ -2.98%

Indicates change in member count. Positive growth is a sign of a healthy, expanding member base.

Headquarters Location & Map

Headquarters Address

24000 35th Ave SE # 200

Bothell, WA, 98021-8990
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Member Ratings & Reviews

Average Member Rating:

N/A / 5.0

Total Approved Reviews:

0

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Branch Locations

Found 5 branches reported by QUALSTAR (Charter #68223).

Main Office

BOTHELL CORPORATE OFFICE Main Office

Type: Corporate Office

24000 35th Ave SE # 200

Bothell, WA 98021-8990

Phone: (800) 848-0018

Services: None specified

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Additional Branches

Everett

EVERETT BRANCH

Type: Branch Office

2502 Colby Ave

Everett, WA 98201

Phone: (800) 848-0018

Services: Member Services, ATM

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Federal Way

FEDERAL WAY - THE WOODSTONE BRANCH

Type: Branch Office

1825 S 316th St

Federal Way, WA 98003

Phone: (800) 848-0018

Services: Member Services, ATM, Drive-Thru

Open in Directions

Renton

RENTON BRANCH

Type: Branch Office

617 S 3rd St Ste A

Renton, WA 98057-7514

Phone: (800) 848-0018

Services: Member Services, ATM

Open in Directions

Tacoma

TACOMA BRANCH

Type: Branch Office

4027 Tacoma Mall Blvd Ste K

Tacoma, WA 98409-7701

Phone: (800) 848-0018

Services: Member Services, ATM

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