2015-05-13T15:25:38-05:00 2014-12-31 420714325 MCGLADREY LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2014-01-01 910176216 CREDIT UNIONS IN THE STATE OF WASHINGTON TAPCO CREDIT UNION CRED 2536203241 6312 - 19TH STREET WEST TACOMA WA 98466 SCOTT DRABB VP 2536203241 2015-05-11 1 GERALD B KISSELL P00092658 6123324300 2014 2016-02-25 16:41:14Z CARLYN ROY 6312 - 19TH STREET WEST TACOMA WA 98466 12594830 0 1269 X WWW.TAPCOCU.ORG X 1934 WA IMPROVING LIVES BY PARTNERING WITH FAMILIES TO REACH THEIR GOALS 9 9 73 14 143358 -300723 0 0 10764610 11427463 1141843 1110515 23125 56852 11929578 12594830 16956 11000 604648 469488 4844860 5109097 0 0 0 5173201 5425500 10639665 11015085 1289913 1579745 289162988 301528300 266126068 276911635 23036920 24616665 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 PROVIDE FINANCIAL PRODUCTS AND SERVICES TO OVER 23,000 MEMBERS, INCLUDING MORE THAN 14,000 CONSUMER, REAL ESTATE, AND BUSINESS LOANS AND OVER 40,000 DEPOSIT ACCOUNTS. SERVICES OFFERED INCLUDE ONLINE BANKING AND BILL PAY, BRANCHES AND ATMS, SAFE DEPOSIT BOXES, SHARED BRANCHING, ACH AND WIRE TRANSFERS. 2014 WAS AN EXCITING YEAR FOR TAPCO CU. WE MADE MANY VISIBLE CHANGES THAT POSITIVELY IMPACTED OUR MEMBER EXPERIENCE, STRENGTHENED OUR INTERNAL TEAM, AND IMPLEMENTED MANY NEW PROGRAMS AND SERVICES TO LAY THE FOUNDATION FOR THE YEARS TO COME. WE INTRODUCED A NEW WEBSITE TO HELP MEMBERS AND POTENTIAL MEMBERS BETTER NAVIGATE THROUGH PRODUCT INFORMATION AND PROVIDE EASY ACCESS TO ONLINE BANKING, RATE INFORMATION AND OTHER IMPORTANT RESOURCES TO HELP MEMBERS ACHIEVE THEIR FINANCIAL GOALS. WE LAUNCHED OUR MOBILE BANKING APP "TAPCO ON THE GO" TO PROVIDE CONVENIENT ACCESS TO YOUR ACCOUNTS WHILE ON THE GO, AND INTRODUCED REMOTE CHECK DEPOSIT TO MAKE BANKING EVEN EASIER FOR YOU WHEN YOU'RE AWAY FROM THE BRANCH. WITH THE SWIPE OF A FINGER, YOU CAN USE YOUR SMARTPHONE OR TABLET TO CHECK ACCOUNT BALANCES, TRANSFER FUNDS, AND MAKE CHECK DEPOSITS. WE INCREASED MEMBER AUTO LOANS SIGNIFICANTLY. WE EXPANDED OUR EXISTING DEALER RELATIONSHIPS IN TACOMA-PIERCE COUNTY AND ADDED NEW DEALERS IN KING COUNTY TO PROVIDE MORE OPTIIONS FOR MEMBERS SHOPPING FOR A NEW CAR. IN DECEMBER , WE INTRODUCED OUR ENHANCED TAPCO KIDS CLUB PROGRAM, AND WELCOME A NEW VERSION OF MOOLA THE CASH COW AND FRIENDS TO TARGET ALL KIDS AGES 12 AND UNDER. OUR NEW PROGRAM HAS LOTS OF PERSONALITY AND PROVIDES MULTIPLE WAYS FOR OUR YOUNG MEMBERS TO ENGAGE WITH TAPCO NOW AND AS THEY GROW INTO YOUNG ADULTS. OUR NEW PROGRAM IS DESIGNED TO HELP YOUNG MEMBERS LEARN HOW TO SET GOALS AND SAVE MONEY BY REWARDING THEIR SAVINGS WITH "MOOLA BUCKS" WHICH THEY CAN REDEEM FOR PRIZES. 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 3579 0 1 73 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 EILEEN LEWIS CHAIR 1.00 X X 0 0 0 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 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 266512 0 128405 SCOTT DRABB CFO 40.00 X 190016 0 83432 DEBBIE BRONSON CAO 40.00 X 154512 0 18369 611040 0 230206 3 0 1 0 FISERV 75 REMITTANCE DR STE 6969 CHICAGO IL 60675 STATEMENT PROCESSING / MISC. 567489 ACI WORLDWIDE CORP 99944 COLLECTION CENTER DRIVE CHICAGO IL 60693 INTERNET/BILL PAY 254740 REAL ESTATE RECOVERY SERVICES LLC 9655 SE 36TH STREET STE 203 MERCER ISLAND WA 98040 BUSINESS LOANS CONSULTANT 136134 CUNA MUTUAL GROUP 175 W JACKSON BLVD CHICAGO IL 60604 INSURANCE & BONDING 133048 EQUIFAX PO BOX 740256 ATLANTA GA 30348 CREDIT REPORTING 109776 5 INTEREST ON LOANS TO MEMBERS 522100 7776407 7776407 FEE INCOME 522100 2421267 2418683 2584 OTHER NON-INTEREST INCOME 522100 1229789 1089015 140774 11427463 1107345 1107345 16750 0 16750 16750 16750 3170 0 3170 3170 3170 OTHER MISC INCOME 900099 40102 40102 40102 12594830 11324207 143358 1127265 11000 469488 668365 3340702 33871 766621 299538 39032 392931 267615 2045022 453187 378384 252525 LOAN SERVICING EXPENSES 1073302 PROVISION FOR LOAN LOSS 374000 ASSOCIATION FEES 75847 WRITE DOWN & OTHER MISC 65779 7876 11015085 4890065 4526376 117716940 107851846 149588762 170303679 819919 1204553 9313122 4782472 4594925 4530650 6580423 6700395 955012 981935 4016942 5428866 289162988 301528300 2410572 2464443 263715496 274447192 266126068 276911635 X 0 0 0 0 23036920 24616665 23036920 24616665 289162988 301528300 1579745 0 X 0 0 0 1203880 1203880 4985740 2609990 2375750 110874 108686 2188 1497991 1203157 294834 1514637 860639 653998 4530650 DEPOSITS 274447192 274447192 1 SCHOLARSHIPS 11 11000 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 236996 0 29458 0 58 0 116347 0 12058 0 394917 0 0 0 SCOTT DRABB CFO 179112 0 10795 0 109 0 65438 0 17994 0 273448 0 0 0 DEBBIE BRONSON CAO 144794 0 9550 0 168 0 10384 0 7985 0 172881 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 2014 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