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National Credit Union Service Organization

QUALSTAR CREDIT UNION

Jun, 30, 2021 — QUALSTAR CREDIT UNION is a federally insured state chartered credit union headquartered in Bellevue, WA with 6 branch locations and about $787.71 million in total assets. Opened 69 years ago in 1952, QUALSTAR CREDIT UNION has about 69,310 members and employs 153 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 325081966
Name:QUALSTAR CREDIT UNION
Address:
(Main Office)
PO Box 96730
Bellevue, WA 98009-7730
Phone:(800) 848-0018
Fax:(425) 957-4460
Website:http://www.qualstarcu.com
Branches:6 branch locations
Members:69,310
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:68223
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1952
Last Audited:Sep 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$787,708,934
CEO/Manager:MARK R NELSON
Chairperson:KIMBERLE A BROWN

Call Report

  • First Time Homebuyer Program
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 46,734,430
TOTAL INVESTMENTS 336,561,283
Loans Held for Sale 24,649,899
 
 Real Estate Loans 136,767,460
 Unsecured Loans 83,264,256
 Other Loans 134,823,864
 TOTAL LOANS 354,855,580
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -4,594,115
 Land And Building 15,364,727
 Other Fixed Assets 1,099,682
 NCUSIF Deposit 5,925,269
 All Other Assets 7,112,179
  TOTAL ASSETS 787,708,934
LIABILITIES & CAPITAL:  
 Dividends Payable 133,965
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 12,569,647
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 159,164,399
 Regular shares 124,270,927
 All Other Shares & Deposits 396,743,329
  TOTAL SHARES & DEPOSITS 680,178,655
  TOTAL LIABILITIES 692,882,267
 Regular Reserve 8,438,361
 Other Reserves 17,752
 Undivided Earnings 86,370,554
  TOTAL EQUITY 94,826,667
  TOTAL LIABILITIES, SHARES, & EQUITY 787,708,934
INCOME & EXPENSE  
 Loan Income 10,708,970
 Investment Income 1,316,558
 Other Income 1,709,905
 Total Employee Compensation & Benefits 6,779,995
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,863,940
 Non-operating Income & (Expense) 4,241,487
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 8,564
 Cost of Funds 812,252
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 9,429,311
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