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Overview / Commentary
6312 19th St W
Fircrest, WA 98466-6226

Tapco Credit Union is headquartered in Fircrest and is the 25th largest credit union in the state of Washington. It is also the 700th largest credit union in the nation. It was established in 1934 and as of March of 2014, it had grown to 64 employees and 23,473 members. Tapco Credit Union has a A health rating.

Field of Membership Restrictions

Must live or work in the state of Washington. - See Details

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Data for Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Tapco Credit Union had $375,000 in non-current loans and owned real-estate with $24.59 million in equity and loan loss allowances on hand to cover it. This gives Tapco Credit Union a Texas Ratio of 1.52% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Tapco Credit Union decreased dramatically from 9.99% as of March 31, 2013 to 1.52% as of March 31, 2014, resulting in a positive change of 84.74%.This indicates that the balance sheet and financial strength for Tapco Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Tapco Credit Union has increased its total deposits by $12.63 million, resulting in 4.86% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Tapco Credit Union has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Tapco Credit Union has $298.43 million in assets with $24.59 million in equity, resulting in a capitalization level of 8.24%, which is average.

Institution Statistics

NCUA #68298
Year Chartered1934
Primary Regulator
Assets and Liabilities
Assets$298.43 million
Loans$155.80 million
Deposits$272.54 million
Equity Capital$23.38 million
Loan Loss Allowance$1.21 million
Unbacked Noncurrent Loans$187,000
Real Estate Owned$188,000
Historic Data - March 2013
Assets$284.75 million
Equity Capital$22.02 million
Loan Loss Allowance$1.24 million
Unbacked Noncurrent Loans$187,000
Real Estate Owned$2.01 million
Profit Margin - Quarterly
Return on Assets0.46%
Return on Equity5.85%
Interest Income$2.14 million

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Tapco Credit Union Savings Account Rates

0.01%$25-Regular Savings
0.01%--Vacation Savings
0.01%--Holiday Savings

Tapco Credit Union Money Market Rates

0.15%$50k-Money Market Account

Tapco Credit Union Checking Account Rates

0.01%$500-Advantage Checking

Tapco Credit Union CD Rates

1.00%$50k-30 Month CD
0.30%$50k-12 Month CD
0.30%$10k-15 Month CD
0.25%$50k-6 Month CD
0.15%$10k-9 Month CD
0.10%$250-12 Month Teen Savings CD

Tapco Credit Union IRA Rates

1.10%$100k-Individual Retirement Account

Tapco Credit Union Locations
Branch Office6312 19th St WFircrest, WA 98466-6226
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