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Filing year 2024

QUALSTAR CREDIT UNION

Bothell, Washington·EIN 91-6035907·14
Total revenue
$58.9M
Total assets
$832.4M
Total expenses
$49.8M
Reported officers
19
Mission

PROVIDE FINANCIAL PRODUCTS & SERVICES TO MEMBERS.

Executive compensation, broken down

Form 990 · Schedule J · 16 reported individuals · Filing year 2024

$489k
$521k
Base
$387k
Bonus
$60k
Other
$1k
Benefits
$26k
SVP of Lending
senior vice president
$251k
$267k
Base
$198k
Bonus
$27k
Other
$1k
Benefits
$16k
SVP of Operations
senior vice president
$244k
$260k
Base
$192k
Bonus
$17k
Other
$240
Benefits
$26k
VP of IT
vice president
$230k
$245k
Base
$185k
Bonus
$17k
Other
$360
Benefits
$21k
VP of Member Engagement
vice president
$210k
$224k
Base
$162k
Bonus
$24k
Other
$552
Benefits
$19k
VP of HR
vice president
$204k
$217k
Base
$164k
Bonus
$24k
Other
$240
Benefits
$9k
Investment Advisor
highest compensated employee
$157k
$167k
Base
$31k
Bonus
$112k
Other
$315
Benefits
$9k
Dir. Business Solutions/audit
highest compensated employee
$147k
$157k
Board Chairman
board chair
$3k
$3k
Board Member
board member
$2k
$2k
Board Member
board member
$2k
$2k
Board Vice Chair
board chair
$2k
$2k
Board Member
board member
$2k
$2k
Board Member
board member
$1k
$1k
Board Secretary/treasurer
officer (unspecified)
$717
$763

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 3 unpaid individuals.

Up 10%
from 2023

From $446k in 2023 to $489k in 2024.

$446k
2023
$489k
2024
In today's dollarsEst.
Up 7% in real terms$489k to $521k

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

QUALSTAR CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$52.5M
$45.5M
2023
$58.9M
$49.8M
2024
Total revenue and total expenses from IRS Form 990 filings.
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