2020-07-15T16:42:24-05:00 2019-12-31 420714325 RSM US LLP 801 NICOLLET MALL WEST TOWER STE 1100 MINNEAPOLIS MN 554022526 990 2019-01-01 910176216 CREDIT UNIONS IN THE STATE OF WASHINGTON TAPCO CREDIT UNION CRED 2536203241 6312 - 19TH STREET WEST TACOMA WA 98466 SCOTT DRABB CEO 2536203241 2020-05-13 1 KACIE MCEWEN P01599614 6123324300 2020-05-13 68.47.72.30 2020-05-13 13:15:51 CD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 2019 2020-09-23 17:36:50Z SCOTT DRABB 6312 - 19TH STREET WEST TACOMA WA 98466 19621065 0 X WWW.TAPCOCU.ORG X 1934 WA IMPROVING LIVES BY PARTNERING WITH FAMILIES TO REACH THEIR GOALS. 9 9 110 13 217630 -375404 0 0 16781241 18178576 2281354 1440489 2400 2000 19064995 19621065 10000 7500 530350 1012387 6791404 7403172 0 0 0 8150121 7423230 15481875 15846289 3583120 3774776 374229032 394852832 339961008 356421281 34268024 38431551 X WE ARE A FINANCIAL COOPERATIVE COMMITTED TO IMPROVING LIVES BY PARTNERING WITH FAMILIES TO REACH THEIR GOALS AND IMPACTING OUR COMMUNITY BY HELPING INDIVIDUALS REALIZE THEIR FULL POTENTIAL. WE VALUE TRUST AND UNDERSTANDING, RESPECT FOR OURSELVES AND OTHERS, INTEGRITY IN ALL THAT WE DO, HOLDING OURSELVES AND EACH OTHER ACCOUNTABLE AND COOPERATION. 0 0 TAPCO CREDIT UNION PROVIDES FINANCIAL PRODUCTS AND SERVICES TO 29,377 MEMBERS, INCLUDING 8,286 CONSUMER, REAL ESTATE, AND BUSINESS LOANS AND 48,389 DEPOSIT ACCOUNTS. SERVICES OFFERED INCLUDE ONLINE BANKING AND BILL PAY, BRANCHES, ATMS, SAFE DEPOSIT BOXES, SHARED BRANCHING, ACH AND WIRE TRANSFERS. 2019 WAS ANOTHER EXCITING YEAR FOR TAPCO CU. TAPCO HAS BEEN A PART OF THE TACOMA-PIERCE COUNTY COMMUNITY FOR 85 YEARS. IN 2019, WE LAUNCHED OUR ENHANCED WEBSITE DESIGN. MANY OF OUR MEMBERS VISIT OUR SITE VIA MOBILE DEVICES. THIS NEW DESIGN PROVIDES ADVANCED RESPONSIVE CAPABILITIES FOR EASY NAVIGATION ON TABLETS AND CELL PHONES. WE FULLY IMPLEMENTED A TEXT MESSAGING PLATFORM ENABLING MEMBERS TO CONDUCT BUSINESS DISCRETELY VIA TEXT MESSAGE. WE LAUNCHED ZELLE, WHICH ENABLE MEMBERS TO SEND AND RECEIVE MONEY TO AND FROM FRIENDS AT A DIFFERENT FINANCIAL INSTITUTION. WE CONTINUE TO FOCUS ON OUR TAGLINE, "FOR THE LOVE OF PEOPLE", WHICH EMBODIES OUR MISSION STATEMENT, AND EMPHASIZES OUR COMMITMENT TO THE CREDIT UNION PHILOSOPHY OF "PEOPLE HELPING PEOPLE". IN 2019, OUR STAFF, BOARD VOLUNTEERS, AND MEMBERSHIP DEDICATED THEIR TIME AND MONEY TO SUPPORT LOCAL COMMUNITY PROGRAMS AND EVENTS. OUR EMPLOYEES PROUDLY DONATED MORE THAN 3,000 HOURS OF THEIR PROFESSIONAL AND PERSONAL TIME TO LOCAL ORGANIZATIONS THROUGHOUT OUR COMMUNITY. WE CONTINUED TO INCREASE MEMBER LOANS SIGNIFICANTLY. TAPCO'S LOAN PORTFOLIO IS DISTRIBUTED ACROSS MANY LOAN TYPES, INCLUDING OVER $93 MILLION IN MORTGAGES AND EQUITY LOANS, OVER $117 MILLION IN AUTO LOANS AND $57 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. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 3843 0 1 110 1 1 1 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 1 1 1 1 1 1 1 1 1 1 0 X SCOTT DRABB 2535659895 6312 - 19TH STREET WEST TACOMA WA 98466 CLARA NELSON CHAIR 2.00 X X 0 0 0 JOHN COLE VICE CHAIR 1.00 X X 0 0 0 PAT MCELLIGOTT SECRETARY/TREASURER 1.00 X X 0 0 0 BRUCE BAURICHTER DIRECTOR 1.00 X 0 0 0 ROB MASKO DIRECTOR 1.00 X 0 0 0 STEVE POYTHRESS DIRECTOR 1.00 X 0 0 0 ED TROYER DIRECTOR 1.00 X 0 0 0 FRED WAGNER DIRECTOR 1.00 X 0 0 0 ALEX WILSIE DIRECTOR 1.00 X 0 0 0 CARLYN ROY PRESIDENT 40.00 X 299227 0 186246 SCOTT DRABB CFO 40.00 X 212079 0 38786 WILLIAM PETERS COO 40.00 X 94328 0 10134 JOHN EYRE AVP OF IT 40.00 X 138649 0 20506 KERRY KEELY MEMBER BUSINESS LENDING OFFICER 40.00 X 118814 0 18968 DEBBIE SCOLES CONTROLLER 40.00 X 114285 0 19150 LORI STANAWAY AVP OF BRANCH OPERATIONS 40.00 X 111246 0 22130 HEATHER FATE RISK MANAGEMENT OFFICER 40.00 X 105214 0 18600 1193842 0 334520 9 0 1 0 FISERV 75 REMITTANCE DR STE 6969 CHICAGO IL 60675 STATEMENT PROCESSING / MISC. 1078311 ACTION BUSINESS FURNITURE 3802 SOUTH CEDAR STREET TACOMA WA 98409 OFFICE FURNITURE/DELIVERY/SETUP 119390 EXPERIAN PO BOX 881971 LOS ANGELES CA 90088 CREDIT BUREAU SERVICES 110306 JAYRAY ADS & PR INC 535 DOCK STREET SUITE 205 TACOMA WA 98402 MARKETING SERVICES 109378 4 INTEREST ON LOANS TO MEMBERS 522100 13572633 13572633 FEE INCOME 522100 3192244 3188940 3304 OTHER NON-INTEREST INCOME 522100 1386720 1172394 214326 OTHER MISC INCOME 522100 26979 26979 18178576 1440489 1440489 2000 0 2000 2000 2000 19621065 17960946 217630 1442489 7500 1012387 840801 4956260 131686 1029553 444872 15577 24125 128629 499397 2838197 350074 167186 194811 3 383830 LOAN SERVICING EXPENSES 1616301 PROVISION FOR LOAN LOSS 1085500 ASSOCIATION FEES 89618 ANNUAL MEETING 3232 26750 15846289 4931134 4452679 32795145 40236569 277701776 295672850 1887424 2106078 10528858 6667913 3888570 3860945 41273812 36726296 7574906 7457289 4176265 4340126 374229032 394852832 3268674 4050075 336692334 352371206 339961008 356421281 X 0 0 0 0 34268024 38431551 34268024 38431551 374229032 394852832 3774776 388751 0 X 0 0 0 1108880 1108880 5116850 3166143 1950707 110874 110874 0 1955082 1507257 447825 2237172 1883639 353533 3860945 DEPOSITS 352371206 352371206 1 SCHOLARSHIPS 3 7500 PART I, LINE 2: SCHOLARSHIP FUNDS ARE AWARDED BY A COMMITTEE OF THE BOARD AND CHECKS ARE MADE OUT DIRECTLY TO THE EDUCATIONAL INSTITUTIONS. X 1 1 X X 0 1 0 CARLYN ROY PRESIDENT 272955 0 26014 0 258 0 173742 0 12504 0 485473 0 0 0 SCOTT DRABB CFO 197984 0 13699 0 396 0 14860 0 23926 0 250865 0 0 0 JOHN EYRE AVP OF IT 129929 0 8582 0 138 0 9696 0 10810 0 159155 0 0 0 PART I, LINE 1A TRAVEL FOR COMPANIONS - REIMBURSEMENT FOR COMPANION'S EXPENSES MUST RECEIVE ADVANCE AUTHORIZATION. AIRFARE AND REGISTRATION, WHERE APPLICABLE, FOR CONFERENCES, CONVENTIONS AND SEMINARS. RECEIPTS EVIDENCING ACTUAL EXPENSES MUST BE SUBMITTED. COMPANION MAY ACCOMPANY ONLY IF THEIR PRESENCE DOES NOT INTERFERE WITH THE BUSINESS OBJECTIVE OF THE TRIP. PART I, LINE 4B THE FOLLOWING INDIVIDUALS PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN: CARLYN ROY SCOTT DRABB THERE WERE NO DISTRIBUTIONS IN 2019. FORM 990, PART VI, SECTION A, LINE 6 THE CREDIT UNION'S MEMBERS HAVE RIGHTS TO ELECT THE MEMBERS OF THE GOVERNING BODY. THE CREDIT UNION'S MEMBERS ALSO RECEIVE A SHARE OF THE ORGANIZATION'S PROFITS IN THE FORM OF CASH DIVIDENDS. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO ELECT ONE OR MORE MEMBERS OF THE ORGANIZATION'S GOVERNING BODY, WHETHER PERIODICALLY, OR AS VACANCIES ARISE, OR OTHERWISE. FORM 990, PART VI, SECTION A, LINE 7B MEMBERS OF THE CREDIT UNION HAVE THE RIGHT TO APPROVE THE GOVERNING BODY'S ELECTION AND REMOVAL OF MEMBERS OF THE GOVERNING BODY, AS WELL AS OTHER MATTERS THAT ARE SUBJECT TO THE APPROVAL OF MEMBERS OF THE CREDIT UNION AS THEY OCCUR. FORM 990, PART VI, SECTION B, LINE 11B THE VP/CFO REVIEW FORM 990 BY COMPARING IT TO FINANCIAL STATEMENTS AND ACCOUNTING DATA. A COPY OF FORM 990 WILL BE PROVIDED TO THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE EMPLOYEE HANDBOOK STATES AND THE EMPLOYEES ARE INFORMED WHEN HIRED THAT THE EMPLOYEE MUST INFORM THEIR SUPERVISOR IF THEY HAVE ANY OTHER EMPLOYMENT OUTSIDE OF TAPCO CREDIT UNION. FORM 990, PART VI, SECTION B, LINE 15 THE ANNUAL PERCENTAGE INCREASE IS SET BY THE BOARD OF DIRECTORS. ANY ADDITIONAL CHANGES ARE DETERMINED BY USING COMPEASE, AN ONLINE PROGRAM FROM HRN, UPDATED ANNUALLY, WHICH TAKES INTO ACCOUNT OUR SIZE AND DEMOGRAPHICS. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS ARE MADE PUBLIC THROUGH THE ANNUAL MEETING AND INTERNET, THE FORM 5300 IS AVAILABLE THROUGH THE INTERNET, AND THE CONFLICTS OF INTEREST POLICIES ARE AVAILABLE UPON REQUEST. DOCUMENTS ARE AVAILABLE FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). TAPCO SERVICES INC 6312 19TH STREET WEST TACOMA WA 98466 911271799 INSURANCE BROKERAGE/AGENCY WA TAPCO CREDIT UNION C 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0