Mobile banking proves popular with young consumers

Since innovating with a new, free Mobile Banking service in February, TAPCO Credit Union, www.tapcocu.org, reports that its convenient banking service is a hit. In fact, in April, the Pierce County credit union recently experienced the biggest monthly increase of new members in its 74-year history, thanks partly to its free innovative online services.

TAPCO is mindful
that today's young consumers are tech-savvy. That's especially true of the 'Millennials', those born from 1977 to 1998. Nationwide, press reports estimate there are 75 million Millennials. Mobile banking means that TAPCO members can now virtually - with complete safety and security - do their online banking in Pierce County, or anywhere else in Washington state or the world in the palm of their hand with the mere touch of a finger.

'The online usage by our members continues to grow each month, as we work hard at serving our members with modern services and loans,' said TAPCO CEO John Bechtholt.

'With our new mobile banking, our valued members can securely view their account balances, transfer funds, and electronically pay their bills,' said Bechtholt. 'TAPCO continues with its rich tradition of progressive innovations by offering this service to our members using a Web-enabled mobile phone, PDA or other mobile device - if they have an online banking account at www.tapcocu.org.'

Computer savvy consumers will rest assured in knowing TAPCO has taken every mobile banking precaution, including multi-factor authentication, member selected passwords, deactivation in the event of a mobile device theft or loss, encryption of locally stored data, and secure socket layer connection.

Complete, exciting details are available at www.tapcocu.org or at any one of TAPCO's branch locations. TAPCO's main telephone number: (253) 565-9895.

TAPCO has repeatedly 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 again recently presented by the authoritative firm, BauerFinancial, Inc.

'This means residents of Tacoma and throughout Pierce County can join TAPCO as new members with full confidence regarding their finances,' said Bechtholt. 'TAPCO is proud to offer affordable loan programs and other valuable financial services in addition to online and mobile banking.
'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.

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, www.i91.ctc.edu/crimestoppers and the Tacoma-Pierce County Chaplaincy, www.t-pcc.org. TAPCO is also a proud supporter of 'Biz Kid$', which is a financial-literacy education program for youngsters on PBS station, KTBC, www.kbtc.org.

Credit unions are member-owned cooperative financial institutions. Credit unions 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.

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."

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.

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Mobile banking proves popular with young consumers