TAPCO

Charter #68298 | WA

500M-750M (169 CUs) Community (281 CUs)
4 500M-750M in WA

TAPCO has 7 strengths but faces 2 concerns

Key Strengths

Areas where this CU excels compared to peers

  • + Organic Growth Engine: Top 16.5% in tier
  • + Relationship Depth Leader: Top 25.1% in tier
  • + Wallet Share Momentum: Top 34.9% in tier
  • + ROA 0.13% above tier average
  • + Net Interest Margin 0.05% above tier average
  • + Average Member Relationship (AMR): Top 8.3% in tier
  • + Loan-to-Member Ratio (LMR): Top 8.9% in tier

Key Concerns

Areas that may need attention

  • - Indirect Auto Dependency: Bottom 15.0% in tier
  • - Indirect Auto Concentration (%): Bottom 8.9% in tier

Core Metrics

As of 2025-Q3

Metric Current vs Tier Tier Avg State Avg (WA) National Avg Tier Percentile
Members 31,674
+4.6% YoY+1.4% QoQ
 -8.1K 39,752
-2.7% YoY
 65,720
+2.5% YoY
 33,089
+6.1% YoY
 Bottom 23.7% in tier
Assets $690.0M
+3.5% YoY+1.2% QoQ
 +$67.6M $622.4M
+0.3% YoY
 $1.2B
+3.7% YoY
 $547.7M
+7.8% YoY
 Top 24.9% in tier
Loans $546.9M
+4.8% YoY+0.0% QoQ
 +$111.0M $435.9M
-0.4% YoY
 $909.1M
+5.1% YoY
 $388.7M
+8.6% YoY
 Top 12.4% in tier
Deposits $623.3M
+6.5% YoY+1.0% QoQ
 +$85.3M $538.0M
+1.3% YoY
 $1.0B
+6.5% YoY
 $464.6M
+9.3% YoY
 Top 11.8% in tier
ROA 0.8%
+57.8% YoY+6.9% QoQ
 +0.1% 0.7%
+33.9% YoY
 0.6%
+9.9% YoY
 0.7%
+273.4% YoY
 62nd in tier
NIM 3.5%
+15.6% YoY+1.6% QoQ
 +0.0% 3.4%
+8.6% YoY
 3.7%
+4.7% YoY
 3.7%
+5.0% YoY
 52nd in tier
Efficiency Ratio 76.2%
-5.1% YoY-2.0% QoQ
 -1.9% 78.1%
-3.4% YoY
 76.4%
-1.1% YoY
 79.1%
-3.3% YoY
 38th in tier
Delinquency Rate 0.3%
-58.7% YoY+13.2% QoQ
 -0.5 0.8%
-4.9% YoY
 0.9%
-2.6% YoY
 1.2%
-0.9% YoY
 Bottom 20.1% in tier
Loan To Share 87.7%
-1.6% YoY-1.0% QoQ
 +6.7% 81.0%
-1.8% YoY
 76.9%
-2.2% YoY
 68.0%
-1.7% YoY
 63rd in tier
AMR $36,947
+1.0% YoY-0.8% QoQ
 +$10K $26,482
+2.6% YoY
 $28,761
+2.7% YoY
 $19,418
+1.3% YoY
 Top 8.9% in tier
CD Concentration 34.4%
+1.1% YoY-0.4% QoQ
 +9.9% 24.4%
+4.2% YoY
 22.3%
+2.5% YoY
 19.6%
+6.2% YoY
 Top 17.3% in tier
Indirect Auto % 40.7%
-0.9% YoY-2.0% QoQ
 +26.7% 14.0%
-5.8% YoY
 17.1%
-8.4% YoY
 7.9%
-2.9% YoY
 Top 8.5% in tier

Signature Analysis

Strengths (3)

Organic Growth Engine

growth
#303 of 603 • Top 16.5% in tier

Growing membership while maintaining profitability. Healthy fundamentals in place.

Why This Signature
Member Growth (YoY): 4.65%
(Tier: 0.88%, National: 9.37%)
better than tier avg
Return on Assets: 0.79%
(Tier: 0.77%, National: 0.71%)
better than tier avg
Indirect Auto %: 40.68%
(Tier: 13.96%, National: 7.90%)
but worse than tier avg
603 of 281 Community CUs have this signature | 917 nationally
→ Stable (608→603 CUs) -5 CUs YoY | Rank improving

Relationship Depth Leader

growth
#692 of 1006 • Top 25.1% in tier

Average member relationship growing year-over-year. Increasing engagement suggests members are consolidating more business here.

Why This Signature
AMR Growth (YoY): 0.99%
(Tier: 3.68%, National: 4.19%)
but worse than tier avg
Share Draft per Member: $3.4K
(Tier: $2.8K, National: $2.0K)
better than tier avg
1006 of 281 Community CUs have this signature | 1330 nationally
↑ Growing +249 CUs YoY | Rank worsening

Wallet Share Momentum

growth
#962 of 1006 • Top 34.9% in tier

Average member relationship growing year-over-year. Members are deepening their engagement.

Why This Signature
AMR Growth (YoY): 0.99%
(Tier: 3.68%, National: 4.19%)
but worse than tier avg
1006 of 281 Community CUs have this signature | 1330 nationally
↑ Growing +249 CUs YoY | Rank worsening

Concerns (1)

Indirect Auto Dependency

risk
#242 of 525 • Bottom 15.0% in tier

Significant portion of loan portfolio in indirect auto (>15%). This concentration creates dependency on dealer relationships.

Why This Signature
Asset Growth (YoY): 3.53%
(Tier: 4.61%, National: 3.04%)
worse than tier avg
Indirect Auto %: 40.68%
(Tier: 13.96%, National: 7.90%)
worse than tier avg
Member Growth (YoY): 4.65%
(Tier: 0.88%, National: 9.37%)
but better than tier avg
525 of 281 Community CUs have this signature | 768 nationally
↓ Shrinking -18 CUs YoY | Rank worsening

Metric Rankings

See how this credit union ranks across all tracked metrics compared to peers.

Strengths: Metrics in the top 25% (75th percentile or higher) | Concerns: Metrics in the bottom 25% (25th percentile or lower)

Comparing against 169 peers in tier

Top Strengths (8 metrics)

15
Average Member Relationship (AMR)
engagement
Value: $36,947
Peer Avg: $26,482
#15 of 169 Top 8.3% in 500M-750M tier
16
Loan-to-Member Ratio (LMR)
engagement
Value: $17,268
Peer Avg: $11,805
#16 of 169 Top 8.9% in 500M-750M tier
20
Total Deposits
balance_sheet
Value: $623.33M
Peer Avg: $538.02M
#20 of 169 Top 11.2% in 500M-750M tier
21
Total Loans
balance_sheet
Value: $546.94M
Peer Avg: $435.95M
#21 of 169 Top 11.8% in 500M-750M tier
24
Member Growth Rate
growth
Value: 4.65%
Peer Avg: 1.75%
#24 of 169 Top 13.6% in 500M-750M tier
35
Total Delinquency Rate (60+ days)
risk
Value: 0.33%
Peer Avg: 0.80%
#35 of 169 Top 20.1% in 500M-750M tier
38
First Mortgage Concentration (%)
balance_sheet
Value: 20.75%
Peer Avg: 33.53%
#38 of 169 Top 21.9% in 500M-750M tier
42
Total Assets
balance_sheet
Value: $690.01M
Peer Avg: $622.38M
#42 of 169 Top 24.3% in 500M-750M tier

Top Weaknesses (4 metrics)

155
Indirect Auto Concentration (%)
balance_sheet
Value: 40.68%
Peer Avg: 16.19%
#155 of 169 Bottom 8.9% in 500M-750M tier
139
Share Certificate Concentration (%)
balance_sheet
Value: 34.35%
Peer Avg: 26.87%
#139 of 169 Bottom 18.3% in 500M-750M tier
134
Net Worth Ratio
risk
Value: 9.03%
Peer Avg: 10.94%
#134 of 169 Bottom 21.3% in 500M-750M tier
129
Total Members
engagement
Value: 31,674
Peer Avg: 39,752
#129 of 169 Bottom 24.3% in 500M-750M tier