Sep, 30, 2025 — TROPICAL FINANCIAL CREDIT UNION is a federally insured state chartered credit union headquartered in MIRAMAR, FL with 6 branch locations and about $992.16 million in total assets. Opened 91 years ago in 1935, TROPICAL FINANCIAL CREDIT UNION has about 63,200 members and employs 181 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | TROPICAL FINANCIAL CREDIT UNION |
|---|---|
| Address: (Main Office) | 3050 Corporate Way MIRAMAR, FL 33025 |
| Phone: | (888) 261-8328 |
| Fax: | (954) 499-6758 |
| Website: | https://www.tropicalfcu.org |
| Branches: | 6 branch locations |
| Members: | 63,200 |
| 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, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $992,159,491 |
| CEO/Manager: | Richard L Shaw |
| Chairperson: | Mike E Perez |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 103,642,145 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 1,083,250 |
| Real Estate Loans | 355,891,709 |
| Unsecured Loans | 37,989,273 |
| Other Loans | 423,243,288 |
| TOTAL LOANS | 817,124,270 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -11,747,579 |
| Land And Building | 4,970,129 |
| Other Fixed Assets | 9,067,578 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 8,305,509 |
| All Other Assets | 584,221 |
| TOTAL ASSETS | 992,159,491 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 60 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 23,818,007 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 194,106,176 |
| Regular shares | 309,172,665 |
| All Other Shares & Deposits | 374,540,130 |
| TOTAL SHARES & DEPOSITS | 877,818,971 |
| TOTAL LIABILITIES | 901,882,013 |
| Regular Reserve | 0 |
| Other Reserves | 7,307,245 |
| Undivided Earnings | 82,970,233 |
| TOTAL EQUITY | 90,277,478 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 992,159,491 |
| INCOME & EXPENSE | |
| Loan Income | 32,811,979 |
| Investment Income | 6,129,464 |
| Other Income | 2,904,826 |
| Total Employee Compensation & Benefits | 14,323,384 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 13,836,970 |
| Non-operating Income & (Expense) | 6,866 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 3,227,967 |
| Cost of Funds | 10,103,562 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,667,653 |
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