At Tapco, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are proud to share that our financial performance reflects our commitment to serving you with the utmost integrity and reliability. With a
net worth of $57,320,183, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. This solid foundation is crucial as it enables us to support your financial needs confidently. Our
net worth ratio of $860 demonstrates a robust capital structure, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. This resilience sets us apart from many traditional banks. Members' savings are secured through
$198,890,430 in share certificates and
$40,222,718 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at
$1,785,303, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With
$54,818,405 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity is significant: with
$5,120 in used auto loans and
$522,031,042 in total loans and leases, we're here to support your financial goals across various sectors. Our operational efficiency shines through with a reported
net income of $2,501,778, which allows us to keep offering competitive loan rates and solid financial products tailored for you. We also take pride in having
99 full-time employees and
4 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. In summary, we have
56,902 total share accounts showing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Tapco is your trusted partner. Visit us at 2802 6Th Ave Tacoma Wa 98406 or call (253) 565-9895 to learn more about how we can help you achieve your financial goals. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at:
https://www.ncua.gov, based on the latest results.
