2018-05-11T08:11:48-05:00 2017-12-31 420714325 RSM US LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2017-01-01 910176216 CREDIT UNIONS IN THE STATE OF WASHINGTON TAPCO CREDIT UNION CRED 2536203241 6312 - 19TH STREET WEST TACOMA WA 98466 SCOTT DRABB CFO 2536203241 2018-05-10 1 GERALD B KISSELL P00092658 6123324300 2017 2022-09-23 18:48:47Z CARLYN ROY 6312 - 19TH STREET WEST TACOMA WA 98466 16577703 0 1269 X WWW.TAPCOCU.ORG X 1934 WA IMPROVING LIVES BY PARTNERING WITH FAMILIES TO REACH THEIR GOALS. 9 9 103 14 161460 -374187 0 0 14663280 15352619 953068 1226382 140854 -1298 15757202 16577703 10000 10000 411932 450962 6273141 6295731 0 0 0 6807451 7819854 13502524 14576547 2254678 2001156 342453484 358294240 313321877 327542886 29131607 30751354 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 OVER 29,000 MEMBERS, INCLUDING MORE THAN 18,000 CONSUMER, REAL ESTATE, AND BUSINESS LOANS. OVER 47,000 DEPOSIT ACCOUNTS. SERVICES OFFERED INCLUDE ONLINE BANKING AND BILL PAY, BRANCHES, ATMS, SAFE DEPOSIT BOXES, SHARED BRANCHING, ACH AND WIRE TRANSFERS. 2017 WAS ANOTHER EXCITING YEAR FOR TAPCO CU. TAPCO HAS BEEN A PART OF THE TACOMA-PIERCE COUNTY COMMUNITY FOR 84 YEARS. IN 2017 WE INTRODUCED A NEW LOOK AND A NEW ONLINE BANKING AND MOBILE BANKING APPLICATION. IT PROVIDED UPDATED SECURITY FEATURES, ACCOUNT ACCESS, PAYMENT OPTIONS AND FINANCIAL MANAGEMENT TOOLS. IT WAS A POSITIVE CHANGE FOR MEMBERS. ADDITIONALLY, WEB CHAT BECAME AVAILABLE. ONCE YOU LOG INTO ONLINE BANKING, YOU CAN ACCESS A CONTACT CENTER STAFF MEMBER IF YOU HAVE QUESTIONS ABOUT YOUR ACCOUNT, NEED HELP WITH A LOAN OR WANT TO KNOW ABOUT OTHER SERVICES TAPCO PROVIDES. WE CONTINUE TO FOCUS ON OUR TAGLINE, "FOR THE LOVE OF PEOPLE" EMBODIES OUR MISSION STATEMENT, AND EMPHASIZES OUR COMMITMENT TO THE CREDIT UNION PHILOSOPHY OF "PEOPLE HELPING PEOPLE". IN 2017, OUR STAFF, BOARD VOLUNTEERS, AND MEMBERSHIP DEDICATED THEIR TIME AND MONEY TO SUPPORT LOCAL COMMUNITY PROGRAMS AND EVENTS. OUR EMPLOYEES PROUDLY DONATED MORE THAN 2,000 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 $63 MILLION IN MORTGAGES AND EQUITY LOANS AND OVER $115 MILLION IN AUTO LOANS. TAPCO PEAK MEMBER REWARDS PROGRAM RECOGNIZES YOUR FINANCIAL RELATIONSHIP WITH TAPCO AND OFFERS BETTER RATES AND FREE SERVICES. REWARDS BENEFITS MAY ALSO APPLY TO YOUR FAMILY IF YOU LIVE IN THE SAME HOUSEHOLD. BY LINKING YOUR 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 4654 0 1 103 1 1 1 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 ED TROYER CHAIR 2.00 X X 0 0 0 CLARA NELSON VICE CHAIR 1.00 X X 0 0 0 EILEEN LEWIS SECRETARY/TREASURER 1.00 X X 0 0 0 ROB MASKO DIRECTOR 1.00 X 0 0 0 PAT MCELLIGOTT DIRECTOR 1.00 X 0 0 0 STEVE POYTHRESS DIRECTOR 1.00 X 0 0 0 JOHN COLE 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 283976 0 31312 SCOTT DRABB CFO 40.00 X 197650 0 37327 DEAN VIGFUSSON COO 40.00 X 155048 0 23969 JOHN EYRE AVP OF IT 40.00 X 114594 0 18592 THOMAS SHAFAR SPECIAL PROJECTS DIRECTOR 40.00 X 106745 0 32089 858013 0 143289 5 0 1 0 FISERV 75 REMITTANCE DR STE 6969 CHICAGO IL 60675 STATEMENT PROCESSING / MISC. 903048 NCUA 1775 DUKE STREET ALEXANDRIA VA 22314 INSURANCE & BONDING 268560 JOHNSON COX 726 PACIFIC AVE TACOMA WA 98402 PRINTING OF MARKETING 115353 3 INTEREST ON LOANS TO MEMBERS 522100 11088482 11088482 FEE INCOME 522100 2985645 2981850 3795 OTHER NON-INTEREST INCOME 522100 1278492 1120827 157665 15352619 1226382 1226382 2400 0 2400 2400 2400 OTHER MISC INCOME 900099 -3698 -3698 -3698 16577703 15187461 161460 1228782 10000 450962 550781 4139407 240487 984099 380957 28241 77907 320066 2496028 336362 212214 162036 488760 PROVISION FOR LOAN LOSS 2536000 LOAN SERVICING EXPENSES 1059688 ASSOCIATION FEES 82767 ANNUAL MEETING 19785 14576547 4435956 4560513 38654549 41081400 238748859 248725999 2417326 2020154 10037783 6161782 4202618 3876001 42717747 46338211 7582115 7718290 3694314 3973672 342453484 358294240 3104896 3834595 310216981 323708291 313321877 327542886 X 0 0 0 0 29131607 30751354 29131607 30751354 342453484 358294240 2001156 -381409 0 X 0 0 0 1203880 1203880 5163546 3048942 2114604 110874 110874 0 1568550 1419523 149027 1990933 1582443 408490 3876001 DEPOSITS 323708291 323708291 1 SCHOLARSHIPS 4 10000 PART I, LINE 2: SCHOLARSHIP FUNDS ARE AWARDED BY A COMMITTEE OF THE BOARD AND CHECKS ARE CUT DIRECTLY TO THE EDUCATIONAL INSTITUTIONS. X 1 1 X X 0 1 0 CARLYN ROY PRESIDENT 258957 0 24761 0 258 0 18900 0 12412 0 315288 0 0 0 SCOTT DRABB CFO 178209 0 12691 0 6750 0 13848 0 23479 0 234977 0 0 0 DEAN VIGFUSSON COO 90818 0 11645 0 52585 0 7830 0 16268 0 179146 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 2017. 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. 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 37127 232499 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0