2012-11-13T12:43:49-06:00 2011-12-31 420714325 MCGLADREY LLP 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2011-01-01 910176216 CREDIT UNIONS IN THE STATE OF WASHINGTON TAPCO CREDIT UNION CRED 2536203241 6312 - 19TH STREET WEST TACOMA WA 98466 SCOTT DRABB 2536203241 2012-11-07 1 GERALD B KISSELL P00092658 6123324300 2011 2016-02-24 21:20:13Z CARLYN ROY 6312 - 19TH STREET WEST TACOMA WA 98466 9731780 0 1269 X WWW.TAPCOCU.ORG X 1934 WA TAPCO CREDIT UNION IS A MEMBER OWNED AND OPERATED FINANCIAL COOPERATIVE SERVING SELECT EMPLOYEE GROUPS AND COMMUNITIES WITHIN THE PUGET SOUND REGION. OUR MEMBERSHIP CONSISTS PRIMARILY OF PUBLIC EMPLOYEES AND OTHERS WHO PREFER A CONVENIENT AND PERSONALIZED ENVIRONMENT. WE ARE COMMITTED TO THE CONTINUING ECONOMIC WELL BEING OF OUR MEMBERS BY PROVIDING COMPETITIVE FINANCIAL SERVICES THROUGH PERSONAL INTERACTION AND CONVENIENT, COST EFFECTIVE DELIVERY SYSTEMS. 9 9 67 14 262538 -70135 0 0 9241589 8893377 1531710 825803 14250 12600 10787549 9731780 8000 8000 1289967 809403 4647912 4044312 0 0 0 5607858 5095873 11553737 9957588 -766188 -225808 250335152 255929888 228810654 234751969 21524498 21177919 X TAPCO CREDIT UNION IS A MEMBER OWNED AND OPERATED FINANCIAL COOPERATIVE SERVING SELECT EMPLOYEE GROUPS AND COMMUNITIES WITHIN THE PUGET SOUND REGION. OUR MEMBERSHIP CONSISTS PRIMARILY OF PUBLIC EMPLOYEES AND OTHERS WHO PREFER A CONVENIENT AND PERSONALIZED ENVIRONMENT. WE ARE COMMITTED TO THE CONTINUING ECOMOMIC WELL BEING OF OUR MEMBERS BY PROVIDING COMPETITIVE FINANCIAL SERVICES THROUGH PERSONAL INTERACTION AND CONVENIENT, COST EFFECTIVE DELIVERY SYSTEMS. 0 0 PROVIDE FINANCIAL SERVICES TO OVER 25,000 MEMBERS. 0 0 0 0 0 0 0 0 0 1 1 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 5330 0 67 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 RICHARD WILLIAMS 1.00 X X 0 0 0 EILEEN LEWIS 1.00 X X 0 0 0 JOHN COLE 1.00 X X 0 0 0 JEANNE WERNER-SPAULDING 1.00 X 0 0 0 ROB MASKO 1.00 X 0 0 0 PAT MCELLIGOTT 1.00 X 0 0 0 STEVE POYTHRESS 1.00 X 0 0 0 FRED WAGNER 1.00 X 0 0 0 ED TROYER 1.00 X 0 0 0 CARLYN ROY 40.00 X 97308 0 3000 SCOTT DRABB 40.00 X 170977 0 24237 GWEN TERRY 40.00 X 116737 0 19284 385022 0 46521 12 0 1 0 PEMCOJHENRY 1100 OLIVE WAY STE 150 SEATTLE WA 98101 ATM/VISA PROCESSING 768737 NCUA 1775 DUKE ST ALEXANDRIA VA 22314 ASSESSMENTS 675499 REGENCE BLUE SHIELD P O BOX 91128 SEATTLE WA 98111 MEDICAL INS. PROVIDER 538739 XP SYSTEMS 75 REMITTANCE DR STE 6969 CHICAGO IL 60675 SOFTWARE MAINTENANCE 284861 FISERV 75 REMITTANCE DR STE 6969 CHICAGO IL 60675 MEMBER STMT PROCESS 214933 12 INTEREST ON LOANS TO M 522100 6356543 6356543 SERVICES CHARGES AND O 522100 1396273 1258379 137894 INTERCHANGE AND ATM IN 522100 1140561 1015917 124644 8893377 633373 633373 12600 0 12600 12600 12600 192430 0 192430 192430 192430 9731780 8630839 262538 838403 8000 809403 295522 2807826 160820 505781 274363 68761 566056 6000 322525 1745548 377249 21822 140811 315052 569424 LOAN SERVICING EXPENSES 432300 PROVISION FOR LOAN LOSS 420000 MBR GOODWILL AND MISCEL 65258 ASSOCIATION FEES 45067 9957588 3636194 5538027 114736517 115583709 96494877 110209260 8881440 4832560 4213621 4048880 1829578 3032 26662356 15350356 2762009 5196624 250335152 255929888 2562629 2526047 226248025 232225922 228810654 234751969 X 0 0 0 0 21524498 21177919 21524498 21177919 250335152 255929888 X -225808 -120771 X 0 0 0 1203880 1203880 5084836 2582622 2502214 110874 104540 6334 1423153 1278135 145018 1058697 867263 191434 4048880 INVESTMENT IN SUBSIDIARY 128056 C FHLB STOCK 297300 F CD 14925000 F 15350356 DEPOSITS 232225922 232225922 1 SCHOLARSHIPS 8 8000 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: SCHOLARSHIP FUNDS ARE GIVEN OUT BY A COMMITTEE OF THE BOARD AND CHECKS ARE CUT DIRECTLY TO THE EDUCATIONAL INSTITUTIONS. X 1 1 X X X X X 0 1 0 SCOTT DRABB 151673 0 10650 0 8654 0 12245 0 11992 0 195214 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 SCOTT DRABB PARTICIPATED IN A NON-QUALIFIED RETIREMENT PLAN. NO DISTRIBUTIONS WERE MADE DURING THE 2011 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 AUDITED 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -120,771. TAPCO SERVICES INC 6312 19TH STREET W TACOMA WA 98466 911271799 INSURANCE BROKERAGE OR AGENCY WA TAPCO CREDIT UNION C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0