2016-06-09T11:59:06-05:00 2015-12-31 420714325 RSM US LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2015-01-01 910176216 CREDIT UNIONS IN THE STATE OF WASHINGTON TAPCO CREDIT UNION CRED 2536203241 6312 - 19TH STREET WEST TACOMA WA 98466 SCOTT DRABB VP 2536203241 2016-05-31 1 GERALD B KISSELL P00092658 6123324300 2015 2016-12-15 16:53:06Z CARLYN ROY 6312 - 19TH STREET WEST TACOMA WA 98466 13945156 0 1269 X WWW.TAPCOCU.ORG X 1934 WA IMPROVING LIVES BY PARTNERING WITH FAMILIES TO REACH THEIR GOALS 9 9 82 14 144412 -364502 0 0 11427463 12929140 1110515 1006982 56852 3900 12594830 13940022 11000 10000 469488 430805 5109097 5642625 0 0 0 5425500 5730438 11015085 11813868 1579745 2126154 301528300 323203756 276911635 296340318 24616665 26863438 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 26,000 MEMBERS, INCLUDING MORE THAN 16,000 CONSUMER, REAL ESTATE, AND BUSINESS LOANS. AT 12/31/2015 THERE WERE OVER 43,000 DEPOSIT ACCOUNTS. SERVICES OFFERED TO MEMBERS INCLUDE ONLINE BANKING AND BILL PAY, BRANCHES, ATMS, SAFE DEPOSIT BOXES, SHARED BRANCHING, ACH AND WIRE TRANSFERS. 2015 WAS ANOTHER EXCITING YEAR FOR TAPCO CU. WE CONTINUED TO MAKE MANY VISIBLE CHANGES THAT POSITIVELY IMPACTED OUR MEMBER EXPERIENCE, ENHANCED OUR MEMBER SERVICE REP. TRAINING PROGRAM, ENHANCED OUR CONSUMER LENDING PROGRAM, LAUNCHED A NEW SCHOLARSHIP PROGRAM AT TACOMA COMMUNITY COLLEGE, ADDED NEW HOURS AT OUR 6TH AVENUE BRANCH AND ENHANCED NEW MOBLE BANKING SERVICES FOR MORE CONVENIENCE. IN DECEMBER WE IMPLEMENTED A NEW WEB PAY SYSTEM ALLOWING MEMBERS TO MAKE ONLINE LOAN PAYMENTS FROM OTHER FININACIAL INSTITUTION FUNDS. WE CONTINUED TO INCREASE MEMBER AUTO LOANS SIGNIFICANTLY BY PARTHNERNING WITH OUR EXISTING CAR DEALERS IN TACOMA-PIERCE COUNTY AND ADDED NEW DEALERS IN KING COUNTY THAT PROVIDE MORE OPTIONS FOR MEMBERS SHOPPING FOR A NEW CAR. IN OCTOBER, WE ENHANCED OUR HOME BANKING PAGE, AND HAVE ACCESS TO AN ENHANCED ONLINE ALERT CENTER TO HELP OUR MEMBERS MANAGE THEIR ACCOUNT AND SET REMINDERS. TAPCO CU PARTNERED WITH LOCAL FARMERS MARKETS TO SUPPORT THE APPLE-A-DAY PROGRAM. THIS IS A NEW PROGRAM THAT BENEFITS LOW-INCOME CHILDREN AND FAMILES IN PIERCE COUNTY BY PROVIDING ACCESS TO FRESH FRUITS AND VEGETABLES. TAPCO VALUE OUR SOCIAL MISSION AS MUCH AS OUR FINANCIAL SERVICE MISSION AND THIS PAST YEAR, OUR EMPLOYEES DONATED MORE THAN 3,000 HOURS OF THEIR PROFESSIONAL AND PERSONAL TIME TO LOCAL ORGANIZATIONS THROUGHOUT OUR COMMUNITY. 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 3349 0 1 82 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 FRED WAGNER VICE CHAIR 1.00 X X 0 0 0 ROB MASKO SECRETARY/TREASURER 1.00 X X 0 0 0 EILEEN LEWIS DIRECTOR 1.00 X 0 0 0 STEVE POYTHRESS DIRECTOR 1.00 X 0 0 0 PAT MCELLIGOTT DIRECTOR 1.00 X 0 0 0 RICHARD WILLIAMS DIRECTOR 1.00 X 0 0 0 CLARA NELSON DIRECTOR 1.00 X 0 0 0 JOHN COLE DIRECTOR 1.00 X 0 0 0 CARLYN ROY PRESIDENT 40.00 X 279453 0 137622 SCOTT DRABB CFO 40.00 X 195706 0 85815 JOHN EYRE AVP OF IT 40.00 X 110433 0 16570 585592 0 240007 3 0 1 0 FISERV 75 REMITTANCE DR STE 6969 CHICAGO IL 60675 STATEMENT PROCESSING / MISC. 602670 ACI WORLDWIDE CORP 99944 COLLECTION CENTER DRIVE CHICAGO IL 60693 INTERNET/BILL PAY 243970 NCUA 1775 DUKE STREET ALEXANDRIA VA 22314 INSURANCE & BONDING 182689 CUNA MUTUAL GROUP 175 W JACKSON BLVD CHICAGO IL 60604 INSURANCE & BONDING 114461 4 INTEREST ON LOANS TO MEMBERS 522100 9137405 9137405 FEE INCOME 522100 2514646 2511819 2827 OTHER NON-INTEREST INCOME 522100 1299429 1157844 141585 WRITE DOWNS/LOSS ON REO 522100 -22340 -22340 12929140 1007950 1007950 3900 0 3900 3900 3900 4166 5134 -968 -968 -968 13940022 12784728 144412 1010882 10000 430805 698595 3689840 52079 872181 329930 28370 77993 255815 2279269 441396 305985 318039 344769 LOAN SERVICING EXPENSES 1225805 PROVISION FOR LOAN LOSS 370500 ASSOCIATION FEES 77099 ANNUAL MEETING 5398 11813868 4526376 5147229 107851846 84181793 170303679 215686620 1204553 2239268 9587351 5252221 4530650 4335130 6700395 6760621 981935 1059904 5428866 3793191 301528300 323203756 2464443 2687331 274447192 293652987 276911635 296340318 X 0 0 0 0 24616665 26863438 24616665 26863438 301528300 323203756 2126154 120619 0 X 0 0 0 1203880 1203880 5010596 2738463 2272133 110874 110068 806 1599025 1318711 280314 1662976 1084979 577997 4335130 DEPOSITS 293652987 293652987 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 244185 0 35010 0 258 0 126750 0 10872 0 417075 0 0 0 SCOTT DRABB CFO 181413 0 14035 0 258 0 65867 0 19948 0 281521 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 CARLYN ROY AND SCOTT DRABB PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN. NO DISTRIBUTIONS WERE MADE DURING THE 2015 TAX YEAR. 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, 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 11 THE VP OF ACCOUNTING REVIEWS FORM 990 BY COMPARING IT TO THE 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 AVAIABLE 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