EIN 91-0176216

TAPCO Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
134
City
Year formed
1934
Most recent tax filings
2023-12-01
Description
TAPCO Credit Union was founded in 1934 by nine employees of the City of Tacoma, committed to making it easier for workers to get the financial help that they weren't receiving at traditional banks.
Related structure
TAPCO Credit Union is child organization, under the parent exemption from Credit Unions in the State of Washington / Division of Credit Unions.
Also known as...
Credit Unions in the State of Washington Tapco Credit Union
Total revenues
$32,250,371
2023
Total expenses
$27,949,874
2023
Total assets
$653,069,678
2023
Num. employees
134
2023

Program areas at TAPCO Credit Union

Tapco Credit Union provides financial products and services to over 30,191 members, including more than 17,590 consumers, real estate, and business loans, and over 55,290 deposit accounts. Services offered include online and mobile banking with bill pay and remote deposit, branches, atms, safe deposit boxes, shared branching, ach, and wires.
We continued to increase member loans significantly. Tapco's loan portfolio is distributed across many loan types, including over $150 million in mortgages and equity loans, over $262 million in auto loans and $95 million in commercial loans. Tapco peak member rewards program recognizes members financial relationship with Tapco and offers better rates and free services. Rewards benefits may apply to all family members living in the same household by linking family memberships, your high school, college student, or other family. We continued to look for ways to better serve our members near where they live and work.
Tapco has been a part of the tacoma-pierce county community for 90 years. We continue to focus on our tagline "rooted in south sound", which embodies our vision, mission, and values and emphasizes our commitment to the Credit Union philosophy of "people helping people". in 2023, our staff, board and supervisory committee members, and membership dedicated their time and money to support local community programs and events. Through these events over $50,296 was donated and $22,500 was granted in scholarships.

Personnel at TAPCO Credit Union

NameTitleCompensation
Justin MartinChief Executive Officer$427,503
William PetersChief Operating Officer$310,500
Kathy ScholesChief Financial Officer
Jason AllenChief Information Officer$219,111
Sarah GrayCpio$215,573
...and 13 more key personnel

Financials for TAPCO Credit Union

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$29,567,774
Investment income and dividends$2,670,861
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$2,101
Net gain from sale of non-inventory assets$9,635
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$32,250,371

Form 990s for TAPCO Credit Union

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-15990View PDF
2022-122023-05-12990View PDF
2021-122022-11-14990View PDF
2020-122021-11-05990View PDF
2019-122020-08-26990View PDF
...and 10 more Form 990s

Organizations like TAPCO Credit Union

OrganizationLocationRevenue
Sound Credit UnionTacoma, WA$118,091,214
TwinStar Credit UnionOlympia, WA$119,511,993
Industrial Credit Union of Whatcom CountyBellingham, WA$27,349,978
O Bee Credit UnionLacey, WA$27,675,853
Whatcom Educational Credit UnionBellingham, WA$138,092,209
Credit Unions in the State of Washington / Inspirus Credit UnionSeattle, WA$53,981,403
Horizon Credit Union (HZCU)Spokane Valley, WA$83,502,229
Salal Credit UnionSeattle, WA$63,361,594
Credit Unions in the State of WashingtonCamas, WA$8,705,205
Global Credit UnionSpokane, WA$30,633,137
Data update history
July 18, 2024
Updated personnel
Identified 2 new personnel
July 10, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 8, 2024
Used new vendors
Identified 3 new vendors, including , , and
July 31, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 19, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
MembershipsState / local levelProvides scholarships
General information
Address
6312 - 19th St West
Tacoma, WA 98466
Metro area
Seattle-Tacoma-Bellevue, WA
County
Pierce County, WA
Website URL
tapcocu.org/ 
Phone
(253) 565-9895
Facebook page
TAPCOCreditUnion 
Twitter profile
@tapcocu 
IRS details
EIN
91-0176216
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1934
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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