EIN 91-0176216

TAPCO Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
141
City
Year formed
1934
Most recent tax filings
2022-12-01
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
$26,389,919
2022
Total expenses
$19,727,776
2022
Total assets
$646,595,896
2022
Num. employees
141
2022

Program areas at TAPCO Credit Union

Tapco Credit Union provides financial products and services to over 32,593 members, including more than 17,104 consumers, real estate, and business loans, and over 53,720 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 $156 million in mortgages and equity loans, over $249 million in auto loans and $87 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 88 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 2022, 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 $63,000 was donated and $15,000 was granted in scholarships.

Personnel at TAPCO Credit Union

NameTitleCompensation
Justin MartinChief Executive Officer$365,615
William PetersChief Operations Officer$301,507
Kathy ScholesChief Financial Officer
Jason AllenChief Information Officer$115,161
Sarah GrayChief People and Inclusion Officer$91,309
...and 12 more key personnel

Financials for TAPCO Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$25,658,238
Investment income and dividends$725,070
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$6,611
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$26,389,919

Form 990s for TAPCO Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-05-12990View PDF
2021-122022-11-14990View PDF
2020-122021-11-05990View PDF
2019-122020-08-26990View PDF
2018-122020-01-14990View PDF
...and 9 more Form 990s
Data update history
July 31, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 19, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 3, 2023
Updated personnel
Identified 9 new personnel
June 29, 2023
Used new vendors
Identified 6 new vendors, including , , , , , and
June 28, 2023
Posted financials
Added Form 990 for fiscal year 2020
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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