Nonprofit · EIN 91-0176216
CREDIT UNIONS IN THE STATE OF WASHINGTON
Also known as TAPCO CREDIT UNION
Tax-exempt · FIRCREST, WA 98466
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $42,381,586 | $35,150,569 | $7,231,017 | $697,602,234 | $632,201,118 | $65,401,116 |
| December 31, 2024 | 990 | $37,771,029 | $34,370,784 | $3,400,245 | $658,730,229 | $601,253,948 | $57,476,281 |
| December 31, 2023 | 990 | $32,250,371 | $27,949,874 | $4,300,497 | $653,069,678 | $600,614,014 | $52,455,664 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $38,804,639
- Investment income
- $3,545,672
- Net rental income
- $31,275
- Net gain from sales of assets
- -$72,345
- Other revenue
- $31,275
Expenses
- Grants and similar amounts paid
- $25,000
- Benefits paid to members
- $10,453,367
- Compensation of officers, directors and key employees
- $1,885,362
- Other salaries and wages
- $7,400,233
- Salaries, compensation and benefits (total)
- $12,222,992
- Professional fundraising fees
- $0
- Legal fees
- $33,015
- Occupancy
- $596,716
- Travel
- $217,815
- Depreciation
- $863,698
- Program services (functional)
- $10,453,367
Balance sheet and other
- Total assets, start of year
- $658,730,229
- Total assets, end of year
- $697,602,234
- Total liabilities, end of year
- $632,201,118
- Net assets, end of year
- $65,401,116
- Land, buildings and equipment
- $16,701,927
- Publicly traded securities
- $8,676,735
- Gross unrelated business income
- $110,247
- Gross receipts
- $42,601,114
- Employees
- 130
- Volunteers
- 13
- Year formed
- 1934
- State of legal domicile
- WA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Justin Martin | CEO Officer | 40 | $658,164 | $31,195 |
| William Peters | CXO Officer, Former | 40 | $320,844 | $12,877 |
| Sarah Gray | CPIO Officer | 40 | $273,808 | $16,539 |
| Kathleen Scholes | CFO Officer | 40 | $265,261 | $17,378 |
| Jason Allen | CIO Officer | 40 | $252,426 | $19,883 |
| Jeremy Mandery | CRLO Officer | 40 | $242,316 | $16,680 |
| Mitch Jackson | VPCL Highest-paid employee, Former | 40 | $155,811 | $7,077 |
| Richard Stirgus | VPCR Highest-paid employee | 40 | $136,351 | $19,318 |
| Dawn Foutz | BODGL Highest-paid employee | 40 | $123,242 | $10,902 |
| Terri LaCoy | DOF Highest-paid employee | 40 | $122,074 | $8,259 |
| John Gaythorpe | DIRITOI Highest-paid employee | 40 | $121,276 | $8,165 |
| Heather Fate | VPME Key employee, Former | 40 | $116,780 | $4,889 |
| Bruce Baurichter | Board V-Chair Trustee or director, Officer | 2 | $3,481 | $0 |
| Pat McElligot | Board Secretary Trustee or director, Officer | 2 | $2,396 | $0 |
| John O'Laughlin | Supervisory Committee Trustee or director | 1 | $1,437 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Brent Bomkamp | Supervisory Committee Trustee or director | 1 | $1,274 |
| Julie Williams | Supervisory Committee Trustee or director | 1 | $1,243 |
| John Sinclair | Supervisory Committee Trustee or director | 1 | $1,148 |
| Lindsey Wade | Board Member Trustee or director | 1 | $992 |
| Gene Miller | Board Member Trustee or director | 1 | $797 |
| Alex Wilsie | Board Member Trustee or director | 1 | $460 |
| Dawn Masko | Board Member Trustee or director | 1 | $0 |
| Clara Nelson | Board Chair Trustee or director, Officer | 2 | $0 |
| Patricia Bosmans | Board Member Trustee or director | 1 | $0 |
| Louis Cooper Jr | Board Member Trustee or director | 1 | $0 |
| John Cheeseman | Supervisory Committee Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Justin Martin | CEO Officer | 40 | $539,609 | $31,911 |
| William Peters | CXO Officer | 40 | $300,551 | $39,919 |
| Kathleen Scholes | CFO Officer | 40 | $244,553 | $24,916 |
| Sarah Gray | CPIO Officer | 40 | $236,675 | $19,178 |
| Jason Allen | CIO Officer | 40 | $237,565 | $15,674 |
| Heather Fate | VPME Key employee | 40 | $152,274 | $10,210 |
| Mitch Jackson | VPCL Highest-paid employee | 40 | $138,379 | $9,419 |
| John Gaythorpe | DIRITOI Highest-paid employee | 40 | $117,448 | $7,905 |
| Terri LaCoy | DOF Highest-paid employee | 40 | $116,376 | $7,860 |
| Patty Jackson | DOLS Highest-paid employee | 40 | $115,899 | $8,116 |
| Mike Ladoe | DCL Highest-paid employee | 40 | $106,048 | $11,582 |
| Jeremy Mandery | CLO Officer | 40 | $77,958 | $2,348 |
| Bruce Baurichter | Board Secretary Trustee or director, Officer | 2 | $1,954 | $0 |
| Pat McElligot | Board Member Trustee or director | 1 | $1,179 | $0 |
| John Sinclair | Supervisory Committee Trustee or director | 1 | $1,047 | $0 |
| Rob Masko | Board Chair Trustee or director, Officer | 2 | $1,041 | $0 |
| John OLoughlin | Supervisory Committee Trustee or director | 1 | $825 | $0 |
| Gene Miller | Board Member Trustee or director | 1 | $750 | $0 |
| Brent Bomkamp | Supervisory Committee Trustee or director | 1 | $700 | $0 |
| Alex Wilsie | Board Member Trustee or director | 1 | $587 | $0 |
| Lindsey Wade | Board Member Trustee or director | 1 | $0 | $0 |
| Patricia Bosmans | Board Member Trustee or director | 1 | $0 | $0 |
| Louis Cooper JR | Board Member Trustee or director | 1 | $0 | $0 |
| Clara Nelson | Board Vice Chair Trustee or director, Officer | 2 | $0 | $0 |
| Julie Williams | Supervisory Committee Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JUSTIN MARTIN | CEO Officer | 40 | $427,503 | $35,168 |
| WILLIAM PETERS | COO Officer | 40 | $310,500 | $28,339 |
| KATHLEEN SCHOLES | CFO Officer | 40 | $245,576 | $15,570 |
| JASON ALLEN | CIO Officer | 40 | $219,111 | $17,172 |
| SARAH GRAY | CPIO Officer | 40 | $215,573 | $18,172 |
| LORI STANAWAY | VP OPERATIONS Key employee | 40 | $152,345 | $9,866 |
| HEATHER FATE | VP MEMBER EXPERIENCE Key employee | 40 | $150,118 | $10,799 |
| MITCHELL JACKSON | VP COMMERCIAL LENDING Highest-paid employee | 40 | $122,451 | $8,333 |
| PATTY JACKSON | AVP/LENDING Highest-paid employee | 40 | $112,666 | $7,757 |
| TERRI LACOY | CONTROLLER Officer | 40 | $112,933 | $7,487 |
| JOHN O'LOUGHLIN | SUPERVISORY COMMITTEE Trustee or director | 1 | $0 | $0 |
| BRENT BOMKAMP | SUPERVISORY COMMITTEE Trustee or director | 1 | $0 | $0 |
| LINDSEY WADE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRUCE BAURICHTER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PATRICIA BOSMANS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| LOUIS COOPER JR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ROB MASKO | BOARD VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| PAT MCELLIGOT | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| GENE MILLER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CLARA NELSON | BOARD SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| ALEX WILSIE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JOHN SINCLAIR | SUPERVISORY COMMITTEE Trustee or director | 1 | $0 | $0 |
| JULIE WILLIAMS | SUPERVISORY COMMITTEE Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6312 19TH ST W, FIRCREST, WA 98466-6211
- In care of
- % KATHY SCHOLES CFO
- Principal officer (990 for 2025)
- Justin Martin, 6312 19th Street West, Tacoma, WA 98466
- Signed the 990
- Terri LaCoy, Director of Finance
- Phone
- (253) 620-3241
Mission
WE ARE A FINANCIAL COOPERATIVE COMMITTED TO IMPROVING LIVES BY PARTNERING WITH FAMILIES TO REACH THEIR GOALS AND IMPACTING OUR COMMUNITY BY HELPING INDIVIDUALS REALIZE THEIR FULL POTENTIAL. WE VALUE TRUST AND UNDERSTANDING AND RESPECT FOR OURSELVES AND OTHERS.
Program accomplishments
- Provides financial products and services to over 31,599 members including more than 21,400 consumer real estate and business loans and over 59,000 deposit accounts. Services offered include online and mobile banking with bill pay and remote deposit branches ATMs safe deposit boxes shared branching ACH and wires.Expenses $10,453,367 · revenue $7,251,262
- TAPCO has been a part of the Tacoma-Pierce County community for 92 years. We continue to focus on our tagline Rooted in South Sound, which embodies our vision mission and values emphasizing our commitment to the credit union philosophy of people helping people. In 2025 our staff board supervisory committee members and membership dedicated their time and money to support local community programs and events. Through these events over 133,737 was donated and 25,000 was granted in scholarships.0
- We continued to increase member loans significantly. TAPCOs loan portfolio is distributed across many loan types including over 176 million in mortgages and equity loans over 249 million in auto loans and over 102 million in commercial loans. TAPCO Peak Member Rewards Program recognizes members financial relationship with TAPCO and offers better rates and free services. Reward benefits may apply to all family members living in the same household by linking family memberships your high school and college student or other family. We continued to look for ways to better serve our members near where they live and work.revenue $31,553,377
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 91-0176216
- Tax-exempt status
- 501(c)(14): State-chartered credit union
- Donations deductible
- No
- Exempt since
- 1954
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 1269: CREDIT UNIONS IN THE STATE OF WASHINGTON
- Assets (IRS master file)
- $697,602,234
- Income (IRS master file)
- $42,601,114
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $42,381,586 | $35,150,569 | $697,602,234 | IRS |
| 990 | December 2024 | $37,771,029 | $34,370,784 | $658,730,229 | IRS |
| 990 | December 2023 | $32,250,371 | $27,949,874 | $653,069,678 | XML |
| 990 | December 2022 | $26,389,919 | $19,727,776 | $646,595,896 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 91-0176216).
Questions about CREDIT UNIONS IN THE STATE OF WASHINGTON
- What is the EIN of CREDIT UNIONS IN THE STATE OF WASHINGTON?
- The employer identification number (EIN) of CREDIT UNIONS IN THE STATE OF WASHINGTON is 91-0176216.
- Is CREDIT UNIONS IN THE STATE OF WASHINGTON tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1954.
- Are donations to CREDIT UNIONS IN THE STATE OF WASHINGTON tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does CREDIT UNIONS IN THE STATE OF WASHINGTON file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of CREDIT UNIONS IN THE STATE OF WASHINGTON due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CREDIT UNIONS IN THE STATE OF WASHINGTON last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of CREDIT UNIONS IN THE STATE OF WASHINGTON?
- The 990 for the year ended December 31, 2025 names Justin Martin.
- Who are the officers and directors of CREDIT UNIONS IN THE STATE OF WASHINGTON?
- The 990 for the year ended December 31, 2025 lists 26 people; 21 received compensation from the organization, the highest $658,164 (Justin Martin, CEO).
- How much revenue does CREDIT UNIONS IN THE STATE OF WASHINGTON have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $42,381,586, expenses of $35,150,569 and total assets of $697,602,234 at year end.
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