Sep, 30, 2025 — TAPCO CREDIT UNION is a federally insured state chartered credit union headquartered in FIRCREST, WA with 6 branch locations and about $690.01 million in total assets. Opened 92 years ago in 1934, TAPCO CREDIT UNION has about 31,674 members and employs 103 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TAPCO CREDIT UNION |
|---|---|
| Address: (Main Office) | 6312 19th St W FIRCREST, WA 98466-6226 |
| Phone: | (253) 565-9895 |
| Fax: | (253) 565-4748 |
| Website: | https://www.tapcocu.org |
| Branches: | 6 branch locations |
| Members: | 31,674 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68298 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1934 |
| Last Audited: | Sep 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $690,008,499 |
| CEO/Manager: | Justin W Martin |
| Chairperson: | Clara Nelson |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 50,699,301 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 270,589,867 |
| Unsecured Loans | 18,299,625 |
| Other Loans | 258,049,540 |
| TOTAL LOANS | 546,939,031 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -2,611,684 |
| Land And Building | 14,835,034 |
| Other Fixed Assets | 3,428,602 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 5,498,743 |
| All Other Assets | 332,080 |
| TOTAL ASSETS | 690,008,499 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 4,523,670 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 107,169,908 |
| Regular shares | 225,439,715 |
| All Other Shares & Deposits | 290,721,224 |
| TOTAL SHARES & DEPOSITS | 623,330,846 |
| TOTAL LIABILITIES | 627,854,516 |
| Regular Reserve | 0 |
| Other Reserves | -149,524 |
| Undivided Earnings | 62,303,507 |
| TOTAL EQUITY | 62,153,983 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 690,008,499 |
| INCOME & EXPENSE | |
| Loan Income | 23,368,598 |
| Investment Income | 2,438,910 |
| Other Income | 1,326,629 |
| Total Employee Compensation & Benefits | 8,991,835 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 8,001,227 |
| Non-operating Income & (Expense) | -41,577 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,221,622 |
| Cost of Funds | 7,920,566 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,084,860 |
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