2011-11-03T15:47:23-05:00 2010-12-31 RSM MCGLADREY INC 801 NICOLLET MALL SUITE 1100 MINNEAPOLIS MN 55402 990 2010-01-01 910176216 CREDIT UNIONS IN THE STATE OF WASHINGTON TAPCO CREDIT UNION CRED 2536203241 6312 - 19TH STREET WEST TACOMA WA 98466 SCOTT DRABB 2536203241 2011-11-03 1 COLLIN F BUZZELL 6125738750 2010 2016-03-07 17:11:31Z SCOTT DRABB 6312 - 19TH STREET WEST TACOMA WA 98466 11928130 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 60 14 264443 -59763 0 0 9658579 9241589 2030370 1531710 14650 14250 11703599 10787549 10000 8000 2387385 1289967 4230689 4647912 0 0 0 5576143 5607858 12204217 11553737 -500618 -766188 247452227 250335152 225263605 228810654 22188622 21524498 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 1 1 0 0 1 1 0 1 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 6664 0 60 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 0 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 JOHN BECHTHOLT TERMINATED 9910 40.00 X 1464282 0 24535 SCOTT DRABB 40.00 X 143037 0 21174 GWEN TERRY 40.00 X 105787 0 17543 SUSAN MOBLO 40.00 X 109241 0 8271 1822347 0 71523 4 0 1 0 PEMCOJHENRY 1100 OLIVE WAY STE 150 SEATTLE WA 98101 ATM/VISA PROCESSING 727254 REGENCE BLUE SHIELD P O BOX 91128 SEATTLE WA 98111 MEDICAL INS. PROVIDER 517369 FISERV 75 REMITTANCE DR STE 6969 CHICAGO IL 60675 MEMBER STMT PROCESS 226451 PM SYSTEMS 99944 COLLECTION CENTER DR CHICAGO IL 60693 ONLINE SERVICES 164936 AIM 21404 35TH AVE S SEATTLE WA 98198 IT CONSULTING 163492 7 INTEREST ON LOANS TO M 522100 6615321 6615321 SERVICES CHARGES AND O 522100 1493478 1378310 115168 INTERCHANGE AND ATM IN 522100 1132790 983515 149275 9241589 1512571 1512571 14250 14250 14250 14250 479306 680414 462738 677843 16568 2571 19139 19139 10787549 8977146 264443 1545960 8000 1289967 1653028 2054954 139641 497436 302853 62800 540250 24000 363819 1105720 633747 24528 156901 395308 643580 LOAN SERVICING EXPENSES 571692 EDP CHARGES 440649 LOSS ON CORPORATE CAPIT 273205 PROVISION FOR LOAN LOSS 220000 ASSOCIATION FEES 45742 105917 11553737 4641210 3636194 102919163 114736517 99164259 96494877 8998208 4784587 4553322 4213621 1711327 1829578 30609554 26662356 3853392 2762009 247452227 250335152 3197954 2562629 222065651 226248025 225263605 228810654 X 0 0 0 0 22188622 21524498 22188622 21524498 247452227 250335152 X -766188 102064 X 0 1 1 X 0 1000 1000 1000 1 CULAF NORTHWEST CREDIT UNION ASSOCIATION FEDERAL WAY WA 98003 800043051 1000 ORGANIZATIONS DIRECT AND INDIRECT POLITICAL CAMPAIGN ACTIVITIES: PART I-A, LINE 1: THE CREDIT UNION CONTRIBUTES TO THE WCUL PAC. 1203880 1203880 5187530 2668721 2518809 119879 119879 2459437 2091289 368148 27482 24577 2905 4213621 INVESTMENT IN SUBSIDIARY 114056 C FHLB STOCK 297300 F CD 26251000 F 26662356 DEPOSITS 226248025 226248025 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: FOR THE YEARS ENDED DECEMBER 31, 2010 AND 2009, MANAGEMENT HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN INCOME TAX POSITIONS. 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 1 1 0 JOHN BECHTHOLT TERMINATED 9910 169511 0 0 0 1294771 0 18087 0 6448 0 1488817 0 0 0 SCOTT DRABB 143037 0 0 0 0 0 10267 0 10907 0 164211 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, LINES 4A-B JOHN BECHTHOLT (CEO, TERMINATED 9/9/2010) RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $71,342 AND A NON-QUALIFIED RETIREMENT PLAN PAYMENT IN THE AMOUNT OF $1,137,820. 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 GAINS ON INVESTMENTS: 102,064. TAPCO SERVICES INC 6312 19TH STREET W TACOMA WA 98466 911271799 INSURANCE BROKERAGE OR AGENCY WA N/A C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0