Dec, 31, 2023 — TAPCO CREDIT UNION is a federally insured state chartered credit union headquartered in FIRCREST, WA with 6 branch locations and about $653.07 million in total assets. Opened 90 years ago in 1934, TAPCO CREDIT UNION has about 30,191 members and employs 97 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 |
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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: | 30,191 |
Credit Union Type: | Federally Insured State Chartered Credit Union |
Charter Number: | 68298 |
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Membership Type: | State chartered natural person |
Corporate Credit Union: | No |
Year Opened: | 1934 |
Last Audited: | Sep 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $653,069,678 |
CEO/Manager: | Justin W Martin |
Chairperson: | Pat McElligott |
ASSETS: | $ Amount |
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Cash & Equivalents | 29,813,606 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 246,984,226 |
Unsecured Loans | 17,346,843 |
Other Loans | 275,742,475 |
TOTAL LOANS | 540,073,544 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -3,182,936 |
Land And Building | 8,593,468 |
Other Fixed Assets | 3,145,554 |
NCUSIF Deposit | 5,209,394 |
All Other Assets | 34,217 |
TOTAL ASSETS | 653,069,678 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,773,556 |
Notes & Interest Payable | 34,999,999 |
Accounts Payable & Other Liabilities | 5,458,242 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 104,249,075 |
Regular shares | 231,519,036 |
All Other Shares & Deposits | 222,614,106 |
TOTAL SHARES & DEPOSITS | 558,382,217 |
TOTAL LIABILITIES | 600,614,014 |
Regular Reserve | 0 |
Other Reserves | -2,362,741 |
Undivided Earnings | 54,818,405 |
TOTAL EQUITY | 52,455,664 |
TOTAL LIABILITIES, SHARES, & EQUITY | 653,069,678 |
INCOME & EXPENSE | |
Loan Income | 24,250,122 |
Investment Income | 2,670,861 |
Other Income | 1,849,814 |
Total Employee Compensation & Benefits | 10,566,664 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 8,448,019 |
Non-operating Income & (Expense) | 9,635 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 1,069,630 |
Cost of Funds | 7,991,533 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,300,497 |
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