Business

Tacoma-based credit union to celebrate opening of new Pierce County branch

The new Frederickson-area TAPCO Credit Union is at 5320 176th St. E.
The new Frederickson-area TAPCO Credit Union is at 5320 176th St. E. Maddie Ferraro

A Tacoma-based credit union will celebrate the opening of its new Frederickson-area branch this month.

TAPCO Credit Union’s new full-service branch at 5320 176th St. E. had its groundbreaking a year ago. The the 5,200-square-foot branch officially opened its doors May 12 and replaces TAPCO’s previous location in the Canyon Crossing Shopping Center, which opened in 2020.

The new site features “a drive-thru, walk-up and drive-up ATMs, a night deposit box, and a dedicated community room intended to host financial workshops, local events, and networking opportunities,” TAPCO said in a news release this week.

The credit union will hold a ribbon-cutting celebration for the new branch from 2 p.m. to 4 p.m. June 11, with the ribbon cutting at 3:30 p.m. The public is invited to partake in “treats from local businesses, door prizes, branch tours, and more,” TAPCO said in its release.

“We are excited to further our commitment to the Frederickson community through the opening of this new branch,” Justin Martin, President/CEO of TAPCO Credit Union, said in a statement. “Through the relationship-centric branch design, dedicated community area and space for a local business this new location was designed to be a catalyst for positive change.”

A media representative for TAPCO told The News Tribune that the retail tenant next door, also part of the new development, will be Cutters Point Coffee.

Justin Himenes, who owns Cutters Point Uptown in Gig Harbor, told The News Tribune via email about the Frederickson cafe that “We were hoping to be open soon but with permit delays, we are hoping to open at the beginning of Q4 this year.”

He added that “We are very excited about the opportunity to team up with TAPCO, and we hope this will be the first of many locations we can team up.”

TAPCO offers six branch locations in Pierce County including the new Frederickson site, two in Tacoma and locations in Puyallup, Bonney Lake and Gig Harbor areas.

Story updated June 6 with additional details.

This story was originally published June 5, 2025 at 1:28 PM.

Debbie Cockrell
The News Tribune
Debbie Cockrell has been with The News Tribune since 2009. She reports on business and development, local and regional issues. 
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