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National Credit Union Service Organization

QUALSTAR CREDIT UNION

Mar, 31, 2021 — QUALSTAR CREDIT UNION is a federally insured state chartered credit union headquartered in Bellevue, WA with 6 branch locations and about $774.76 million in total assets. Opened 69 years ago in 1952, QUALSTAR CREDIT UNION has about 67,022 members and employs 151 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:67,022
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:$774,758,303
CEO/Manager:MARK R NELSON
Chairperson:KIMBERLE A BROWN

Call Report

  • Commercial Loans
  • Debt Cancellation/Suspension
  • Indirect Consumer Loans
  • Interest Only or Payment Option 1st Mortgage Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • ATM/Debit Card Program
  • First Time Homebuyer Program
  • Health Savings Accounts
  • Insurance/Investment Sales
  • International Remittances

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 63,753,919
TOTAL INVESTMENTS 308,375,898
Loans Held for Sale 22,236,313
 
 Real Estate Loans 143,296,142
 Unsecured Loans 73,669,072
 Other Loans 133,851,684
 TOTAL LOANS 350,816,898
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -4,933,579
 Land And Building 15,474,414
 Other Fixed Assets 1,193,540
 NCUSIF Deposit 5,384,603
 All Other Assets 12,456,297
  TOTAL ASSETS 774,758,303
LIABILITIES & CAPITAL:  
 Dividends Payable 139,993
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 14,794,477
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 157,063,016
 Regular shares 124,170,674
 All Other Shares & Deposits 386,686,002
  TOTAL SHARES & DEPOSITS 667,919,692
  TOTAL LIABILITIES 682,854,162
 Regular Reserve 8,438,361
 Other Reserves 86,526
 Undivided Earnings 83,379,254
  TOTAL EQUITY 91,904,141
  TOTAL LIABILITIES, SHARES, & EQUITY 774,758,303
INCOME & EXPENSE  
 Loan Income 5,356,056
 Investment Income 707,951
 Other Income 841,805
 Total Employee Compensation & Benefits 3,475,996
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 2,400,765
 Non-operating Income & (Expense) 4,040,631
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 34,242
 Cost of Funds 410,186
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 6,438,011
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