Proposed Merger | Woodstone Credit Union | Federal Way Washington

Online Banking

think forward

Proposed Merger with Qualstar Credit Union

Woodstone takes pride in being able to offer the products, value, service, and convenience our members expect. We’ve heard your requests for greater access to your credit union accounts through more branches, the credit union shared branching network, and the latest technology.

After careful consideration, Woodstone’s Board of Directors has approved a proposition to merge with Qualstar Credit Union. While a number of credit unions were considered, Qualstar was selected based on breadth of service, increased access for members, financial strength and cultural alignment.

More branches, mobile deposit and bill pay, shared branching, and more

Merging with Qualstar would enable us to bring you increased account access and more products much more quickly than we could alone. You would be able to continue using our existing Federal Way branch while taking advantage of these additional benefits:

  • Expanded branch network, with the addition of six Qualstar branches, located throughout King, Pierce, and Snohomish Counties. 
  • A 24/7 call center, online account opening, mobile bill payment, and mobile deposit (remote deposit capture), enabling you to conduct all your credit union business from your smartphone. 
  • Participation in CO-OP shared branching, allowing you to bank at more than 5,000 credit union branches across the country.
  • VISA rewards credit cards, youth and teen checking accounts, member business loans, and in-house mortgage services.

What's Next?

In May, Woodstone will mail ballots to all primary members asking them to vote to approve the merger of Woodstone and Qualstar Credit Unions. At that time, primary members will be invited to a special membership meeting where they can ask questions about the potential merger and return their ballots.

Questions?

To learn more about the proposed merger and about Qualstar Credit Union, please consult the Frequently Asked Questions (FAQs) located on this page. If you have any further questions, please call us at 800.334.9828 or contact us online.

Why

  • Why is the Woodstone board of directors proposing a merger?

  • Why did the board of directors choose Qualstar as a merger partner?

  • Is Woodstone in financial trouble?

  • How financially secure is Qualstar Credit Union?

  • What else should I know about Qualstar Credit Union?

Going Forward

Vote

  • As a member, do I have a choice regarding the merger?

  • Who can vote?

  • What is a primary member?

  • How can members vote?

  • When can members vote?

  • Is my vote anonymous?

About Qualstar Credit Union

Overview

Qualstar Credit Union was chartered in 1952 to serve the Safeway grocery store employees in Washington, Alaska, Idaho, and Montana. Today, it serves over 60,000 members across Washington, providing a full menu of financial products including savings, checking, consumer loans, Visa cards, mortgage loans, member business loans, and investment advisory services. It also offers 24/7 account access through Mobile and Home Banking, both with Bill Payer and check deposit, and through the call center.

Branch Locations

Qualstar has six branches throughout the Puget Sound region:

Rates and Fees

Along with its outstanding products and services, Qualstar also offers competitive rates and fees.