You may have heard about the recent financial disruption occurring in the market, including the regulatory seizure of Silicon Valley Bank. Qualstar has no affiliation to any of these banks, or any other bank under regulatory scrutiny. As a credit union, Qualstar is owned by our members and we we take managing your money to the highest standards and best-practices very seriously – as dictated by Federal regulatory agencies.
We want to reassure you of Qualstar’s financial position with both capital (equity) and liquidity. Simply put, we are soundly managed, well-capitalized and in a strong financial position to support sustainable growth on behalf of our membership. Qualstar is also currently rated 5 STARS by Bauer Financial.
We do not take your trust lightly, and will continue do our best to help our members make the most of their money – we appreciate your continued membership and confidence.
Your balances are protected under the National Credit Union Share Insurance Fund (NCUSIF)
If you’re wondering about your NCUSIF coverage, you can use NCUA’s insurance calculator to see how your account balances are insured.