Our Board & Committees Qualstar's Leadership
Qualstar Credit Union is a member-owned financial cooperative, governed by a nine member Board of Directors. The Board is comprised of members of the Credit Union.
The Credit Union is a state chartered, federally insured financial institution. The State of Washington Department of Financial Institutions conducts periodic examinations of the Credit Union. These examinations verify compliance with regulatory statutes and capital requirements and confirm that assets are being safeguarded. The National Credit Union Administration, a federal agency, also participates in periodic examinations to assure the safety and soundness of the National Credit Union Share Insurance Fund.
The Board of Directors retains the Credit Union President who is the “Chief Executive Officer” and is responsible for managing the Credit Union’s operations. The Board of Directors is legally responsible by statute, Articles of Incorporation, and Bylaws for overall direction of the affairs and the performance of Qualstar. They carry out this responsibility by establishing guiding policy and monitoring the performance of management within the framework of these policies. The Board meets throughout the year to carry out its duties. Additionally, standing committees comprised of Board Members meet regularly to support the formulation and monitoring of board policy.
Becoming a Volunteer
Members who wish to become a Board Director or member of the Audit Committee can apply to do so by completing our online Volunteer Application. Once submitted, the application will be forwarded to the Vice Chairman of the board, who is responsible for managing the board election process.
Applicants will be invited to attend a Board Informational Meeting held in October each year. This meeting will be run by the Board Chairman and Credit Union CEO, and will help explain Board Member duties and responsibilities, time commitment, education requirements, and answer questions applicants may have.
A list of nominees is provided to the membership in January, and elections for open board positions take place prior to the Annual Meeting in April of each year.
Please complete the following application to be considered for a volunteer position with Qualstar’s Board of Directors or Supervisory Committee. Applications will be forwarded to the Board Governance Committee for review. You will be contacted by a member of the committee regarding upcoming volunteer opportunities.