TAPCO Credit Union Earns Top Financial-Stability Award Again

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TAPCO Credit Union has been honored as one of the nation’s top credit unions in financial stability

TAPCO Credit Union, http://www.tapcocu.org , of Tacoma, WA has been honored as one of the nation’s top credit unions in financial stability. TAPCO Credit Union’s “5-Star Superior rating” – the highest award for healthy credit unions – was presented by BauerFinancial, Inc.

TAPCO’s award marks the 35th consecutive quarter that it’s been honored for excellence from BauerFinancial, the nation’s leading independent credit union rating and research firm.

“This means residents of Tacoma and throughout Pierce County can join TAPCO as new members with full confidence regarding their finances,” said John Bechtholt, CEO of TAPCO. “TAPCO is proud to offer affordable loan programs and other valuable financial services at six convenient locations, along with secure online banking at http://www.tapcocu.org ."

“Since 1934, our valued members have responded favorably to our commitment of excellent service,” added Bechtholt. He says TAPCO’s employees work hard to live up to the TAPCO slogan: Join and Prosper.

Anyone who lives or works in Washington is eligible to join TAPCO.

“TAPCO Credit Union’s ability to earn our ‘5-Star Superior rating’ time and again speaks to its strength, stability and longevity,” said Karen L. Dorway, president of the research firm. “In an environment where financial institutions are struggling with loan quality and delinquencies, it is an honor and a pleasure to recognize TAPCO Credit Union and the values it represents.”

Award-winning TAPCO has a rich history of serving the community. It has repeatedly been named recipient of the ''Dora Maxwell Award for Social Responsibility.'' Ms. Maxwell is well-regarded for her efforts to help the needy in the nation’s early credit union movement.

TAPCO has also been instrumental in helping other important causes, such as Tacoma/Pierce County Crime Stoppers and the Tacoma-Pierce County Chaplaincy.

Why Join a Credit Union?

Credit unions are member-owned cooperative financial institutions that are historically organized around a common bond, such as an employer. Credit unions, unlike banks, are not-for-profit organizations existing only to serve their members. This enables them to pay favorable rates on savings accounts and charge competitively priced, low interest on loans.

Why Join TAPCO?

TAPCO Credit Union has a long and rich history in Pierce County. Founded in 1934 by nine City of Tacoma employees, TAPCO has grown to over 24,000 members. Anyone who lives or works in Pierce County is eligible for membership, and each member has a voice in how TAPCO operates. Member participation keeps TAPCO focused on the founding members' vision of "People Helping People."

How Does TAPCO Operate?

While maintaining a professional staff to run daily operations, TAPCO is governed by a Board of Directors that establishes and reviews policy. The Directors are TAPCO members who are elected by the membership and serve without pay. Every member has one vote, regardless of how much he or she has on deposit. At TAPCO, there is no select group of shareholders that profits more than anyone else. All members profit, individually and collectively.

TAPCO is a state-chartered credit union, organized under strict regulatory laws that are monitored and enforced by the National Credit Union Administration, an agency of the U.S. Government. The NCUA insures each member account for $100,000 which means that your money is safe with TAPCO, just as with a traditional bank.

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Brenda Minickiello
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