Annual Meetings | TAPCO Credit Union (Tacoma, WA)

Annual Meetings

 

2021 Annual Meeting

We held our annual meeting on Thursday, March 25, 2021. The graphic below is a statement of our overall financial health. TAPCO remains financially strong with reserves totaling over $44 million.



 2021 Statement of Condition

During the Annual Meeting, elections were held for three board seats and one seat on the Supervisory Committee. There were three positions open on the Board of Directors and four applicants for these positions in this year’s election. All Board of Director applicants were confirmed by the Nominating Committee. An external CPA company administered the ballot count and delivered the election results.

There was one applicant unopposed for the position open on the Supervisory Committee. The applicant was confirmed by the Nominating Committee and declared elected by acclamation.

2020 brought on new challenges in the wake of the COVID-19 pandemic, but TAPCO worked quickly to support members through the process with emergency loans and free skip pays. Along with the credit union's 12 Certified Financial Counselors, the credit union partnered with GreenPath Financial Wellness, a 3rd party Financial Counseling vendor for members who  have a need for more robust counseling than TAPCO offers and many of their services are provided to members for free.  

TAPCO continues to extended branch services to members in Pierce County. The credit union opened the Frederickson Branch in June of 2020 with the Bonney Lake Branch following January of 2021. In addition, the credit union donated more than $40,000 to support the community.

 

 

 

 

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