2026-05-14T14:27:49-04:00 2025-12-31 990 2025-01-01 910176216 CREDIT UNIONS IN THE STATE OF WASHINGTON TAPCO CREDIT UNION CRED 2536203241 6312 19th Street West Tacoma WA 98466 Terri LaCoy Director of Finance 2536203253 2026-05-15 2025 2025-03-06 01:10:19Z Justin Martin 6312 19th Street West Tacoma WA 98466 42601114 false X www.tapcocu. org X 1934 WA 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 AND RESPECT FOR OURSELVES AND OTHERS. 9 9 130 13 110247 0 0 0 35184857 38804639 2578100 3545672 8072 31275 37771029 42381586 25000 25000 10387316 10453367 11348588 12222992 0 0 0 12609880 12449210 34370784 35150569 3400245 7231017 658730229 697602234 601253948 632201118 57476281 65401116 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 AND RESPECT FOR OURSELVES AND OTHERS. false false 10453367 0 7251262 Provides financial products and services to over 31,599 members including more than 21,400 consumer real estate and business loans and over 59,000 deposit accounts. Services offered include online and mobile banking with bill pay and remote deposit branches ATMs safe deposit boxes shared branching ACH and wires. 0 0 0 TAPCO has been a part of the Tacoma-Pierce County community for 92 years. We continue to focus on our tagline Rooted in South Sound, which embodies our vision mission and values emphasizing our commitment to the credit union philosophy of people helping people. In 2025 our staff board supervisory committee members and membership dedicated their time and money to support local community programs and events. Through these events over 133,737 was donated and 25,000 was granted in scholarships. 0 0 31553377 We continued to increase member loans significantly. TAPCOs loan portfolio is distributed across many loan types including over 176 million in mortgages and equity loans over 249 million in auto loans and over 102 million in commercial loans. TAPCO Peak Member Rewards Program recognizes members financial relationship with TAPCO and offers better rates and free services. Reward benefits may apply to all family members living in the same household by linking family memberships your high school and college student or other family. We continued to look for ways to better serve our members near where they live and work. 0 0 0 10453367 false false false false false false false false false false true false false false true false false false false false false false false false false false false false true true false true false false false false false false false false false false false false true 5427 0 true 130 true true true false false false false false false false 9 9 false false false false true true false true false false false true true true true true true true true false X Kathy Scholes 2536203241 6312 19th Street West Tacoma WA 98466 Justin Martin CEO 40.00 0.00 X 658164 0 31195 William Peters CXO 40.00 0.00 X X 320844 0 12877 Sarah Gray CPIO 40.00 0.00 X 273808 0 16539 Kathleen Scholes CFO 40.00 0.00 X 265261 0 17378 Jason Allen CIO 40.00 0.00 X 252426 0 19883 Jeremy Mandery CRLO 40.00 0.00 X 242316 0 16680 Mitch Jackson VPCL 40.00 0.00 X X 155811 0 7077 Richard Stirgus VPCR 40.00 0.00 X 136351 0 19318 Dawn Foutz BODGL 40.00 0.00 X 123242 0 10902 Terri LaCoy DOF 40.00 0.00 X 122074 0 8259 John Gaythorpe DIRITOI 40.00 0.00 X 121276 0 8165 Heather Fate VPME 40.00 0.00 X X 116780 0 4889 Bruce Baurichter Board V-Chair 2.00 0.00 X X 3481 0 0 Pat McElligot Board Secretary 2.00 0.00 X X 2396 0 0 John O'Laughlin Supervisory Committee 1.00 0.00 X 1437 0 0 Brent Bomkamp Supervisory Committee 1.00 0.00 X 1274 0 0 Julie Williams Supervisory Committee 1.00 0.00 X 1243 0 0 John Sinclair Supervisory Committee 1.00 0.00 X 1148 0 0 Lindsey Wade Board Member 1.00 0.00 X 992 0 0 Gene Miller Board Member 1.00 0.00 X 797 0 0 Alex Wilsie Board Member 1.00 0.00 X 460 0 0 Dawn Masko Board Member 1.00 0.00 X 0 0 0 Clara Nelson Board Chair 2.00 0.00 X X 0 0 0 Patricia Bosmans Board Member 1.00 0.00 X 0 0 0 Louis Cooper Jr Board Member 1.00 0.00 X 0 0 0 John Cheeseman Supervisory Committee 1.00 0.00 X 0 0 0 2801581 0 173162 21 true true false MOMENTUM INC 109 BELL STREET SUTE B SEATTLE WA 98121 REMODELS/NEW BRANCH BUILD 3368525 VELERA 560 CARILLON PARKWAY ST PETERSBURG FL 33716 CARD PROCESSING, CHARGEBACKS, FRAUD PREVENTION 1896600 LUMIN DIGITAL 3001 BISHIP DR SUTE 110 SAN RAMON CA 94583 ONLINE BANKING, MOBILE BANKING 1062418 FISERV PO BOX 208457 DALLAS TX 75320 BANKING CORE 979135 INSIGHT DIRECT USA PO BOX 731069 DALLAS TX 75267 SOFTWARE, COMPUTER HARDWARE 311614 22 0 0 0 0 0 0 0 0 Interest on Loans to Members 522100 31553377 31553377 0 0 Fee Income 522100 1875914 1875914 0 0 Other Non-interest Income 522100 3162450 3052203 110247 0 Other Miscellaneous Income 522100 2212898 2212898 0 0 0 0 0 0 0 0 0 0 38804639 3618017 0 0 3618017 0 0 0 0 0 0 0 0 178458 0 147183 0 31275 0 31275 0 0 31275 0 0 72345 0 -72345 0 -72345 -72345 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 42381586 38622047 110247 3649292 0 0 25000 0 0 0 10453367 10453367 1885362 0 0 0 0 0 0 0 7400233 0 0 0 491883 0 0 0 1698240 0 0 0 747274 0 0 0 0 0 0 0 33015 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 702600 0 0 0 437246 0 0 0 5436073 0 0 0 0 0 0 0 0 0 0 0 596716 0 0 0 217815 0 0 0 163135 0 0 0 0 0 0 0 81842 0 0 0 0 0 0 0 863698 0 0 0 0 0 0 0 LOAN SERVICING EXPENSE 1702960 0 0 0 LOAN PROVISION EXPENSE 2111685 0 0 0 ASSOCIATION FEES 98752 0 0 0 MISCELLANEOUS OPERATIONS 3673 0 0 0 0 0 0 0 35150569 10453367 0 0 0 0 0 0 2644589 3343359 58231483 54113218 0 0 0 0 7246743 7078421 0 0 514915271 540144068 0 0 4341371 4920494 24925080 8223153 13468429 16701927 25688143 8676735 19875000 43557000 0 0 0 0 12319200 19067012 658730229 697602234 2828602 2863115 0 0 0 0 0 0 0 0 0 0 0 0 1666818 -2942918 596758528 632280921 601253948 632201118 X 0 0 0 0 57476281 65401116 57476281 65401116 658730229 697602234 7231017 693818 0 0 0 0 X false true X true false 0 3376024 3376024 0 16560199 5176653 11383546 0 0 0 0 0 2449668 1654474 795194 0 2539189 1392026 1147163 16701927 0 MEMBER TOTAL DEPOSITS 632280921 632280921 true SCHOLARSHIPS 10 25000 0 0 0 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 false true false Justin Martin CEO 482916 0 144240 0 31008 0 17599 0 13596 0 689359 0 0 0 William Peters CXO 281751 0 18041 0 9052 0 24877 0 0 0 333721 0 0 0 Sarah Gray CPIO 241727 0 13590 0 14891 0 20139 0 0 0 290347 0 0 0 Kathleen Scholes CFO 223444 0 14297 0 15395 0 29503 0 0 0 282639 0 0 0 Jeremy Mandery CRLO 222944 0 4679 0 14693 0 16558 0 122 0 258996 0 0 0 Jason Allen CIO 221022 0 16711 0 14693 0 16711 0 3172 0 272309 0 0 0 Part I & Part II | PartandLinenumber:,Explanation:| Part I Line 3,The Board of Directors reviews the CEO and utilizes the compease pay data as a guideline for compensation.| Justin Martin CEO Split Dollar Life X 1968400 1768160 false true true Justin Martin CEO Split Dollar Life X 2318800 1702379 false true true William Peters CXO Split Dollar Life X 4066300 3607080 false true true 7077619 Part VI, Line 6 Tapco Credit Union has members as specified in its bylaws. Part VI, Line 7a | Class of the Person: Nature of their rights:| To become a member you need to have $25.00 in a membership savings account. Tapco CUs board of directors is elected by its members at the annual meeting.| Part VI, Line 8 Regular Board of Directors Meetings are set for the fourth Wednesday monthly unless rescheduled. A minimum of 6 meetings annually with one per quarter is mandatory. All agenda items must be written and sent to the Board Chair a week before the meeting. Minutes are recorded for Annual and Special Membership Meetings external audits and financial statements. Part VI, Line 11a The CFO reviews form 990 by comparing it to financial statements and accounting data. A copy of form 990 is provided to the board of directors prior to filing with the IRS. Part VI, Line 12c It is Tapco CUs policy that all employees avoid any conflict between their personal interests and those of Tapco. The purpose of the conflict-of-interest policy is to ensure that Tapcos honesty and integrity and therefore its reputation are not compromised. The fundamental principle guiding this policy is that no employee should have or appear to have personal interests or relationships that actually or potentially conflict with the best interests of Tapco. Internal policies describe situations that would constitute a conflict of interest such as receiving gifts that exceed $100 profiting personally through commissions loans expense reimbursements or other payments holding any interest in an organization that competes with Tapco and being employed by or serving on the board of any organization which does or is seeking to do business with Tapco. Part VI, Line 15 The board reviews the CEO compensation and utilizes the compease pay data as a guideline for compensation. This is for Justin Martin the CEO and was last done in 2025. Part VI, Line 19 The financial statements are made public through the annual meeting and internet and the conflicts of interest policies are available upon request.