Credit Unions Near Me
National Credit Union Service Organization

TROPICAL FINANCIAL CREDIT UNION

Dec, 31, 2023 — TROPICAL FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in MIRAMAR, FL with 6 branch locations and about $966.64 million in total assets. Opened 89 years ago in 1935, TROPICAL FINANCIAL CREDIT UNION has about 68,154 members and employs 187 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 267077847
Name:TROPICAL FINANCIAL CREDIT UNION
Address:
(Main Office)
3050 Corporate Way
MIRAMAR, FL 33025
Phone:(888) 261-8328
Fax:(954) 499-6758
Website:https://tropicalfcu.org
Branches:6 branch locations
Members:68,154
Credit Union Type:Federally Insured State Chartered Credit Union
Charter Number:68476
Membership Type:State chartered natural person
Corporate Credit Union:No
Year Opened:1935
Last Audited:Mar 01, 2023
FHLB Member:Yes
Low Income Designation:No
Assets:$966,643,259
CEO/Manager:Richard L Shaw
Chairperson:Hilda P Geer

Call Report

  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 145,755,463
TOTAL INVESTMENTS 0
Loans Held for Sale 1,917,200
 
 Real Estate Loans 354,705,954
 Unsecured Loans 90,968,499
 Other Loans 343,629,443
 TOTAL LOANS 789,303,896
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -10,824,409
 Land And Building 6,571,161
 Other Fixed Assets 3,962,607
 NCUSIF Deposit 8,546,883
 All Other Assets 477,012
  TOTAL ASSETS 966,643,259
LIABILITIES & CAPITAL:  
 Dividends Payable 2,879
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 12,793,661
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 206,018,264
 Regular shares 349,472,168
 All Other Shares & Deposits 311,527,134
  TOTAL SHARES & DEPOSITS 867,017,566
  TOTAL LIABILITIES 879,814,106
 Regular Reserve 0
 Other Reserves 5,423,577
 Undivided Earnings 81,405,576
  TOTAL EQUITY 86,829,153
  TOTAL LIABILITIES, SHARES, & EQUITY 966,643,259
INCOME & EXPENSE  
 Loan Income 40,674,820
 Investment Income 6,546,740
 Other Income 4,844,100
 Total Employee Compensation & Benefits 18,419,804
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 18,986,179
 Non-operating Income & (Expense) -140,435
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 11,526,286
 Cost of Funds 7,811,714
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 304,647
↑ Back to Top

Other Credit Unions

SHAW-ROSS EMPLOYEES CREDIT UNION
1600 NW 163rd St
MIAMI, FL 33169-5641
ELECTRICIANS' LOCAL 349 CREDIT UNION
1657 NW 17th Ave
MIAMI, FL 33125
COMPASS FINANCIAL FEDERAL CREDIT UNION
9960 NW 116th Way Ste 5
MEDLEY, FL 33178-1174
HIALEAH MUNICIPAL EMPLOYEES FEDERAL CREDIT UNION
501 Palm Ave
HIALEAH, FL 33010-4719
MEMORIAL EMPLOYEES FEDERAL CREDIT UNION
3501 JOHNSON STREET
HOLLYWOOD, FL 33021
MEMORIAL EMPLOYEES FINANCIAL CREDIT UNION
3501 Johnson St
HOLLYWOOD, FL 33021-5421
JETSTREAM FEDERAL CREDIT UNION
7900 Oak Ln Ste 300
MIAMI LAKES, FL 33016
SUN CREDIT UNION
4205 Hollywood Blvd
HOLLYWOOD, FL 33021
PRIORITY ONE CREDIT UNION
3000 N University Dr
SUNRISE, FL 33322-1611
MIAMI POSTAL SERVICE CREDIT UNION
2190 NW 72nd Ave
MIAMI, FL 33122-1824