Tropical Financial Credit Union
Headquarters
3050 Corporate Way
Miramar, FL 33025
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2024 Overview
General Credit Union Information
Tropical Financial is an NCUA insured institution located in Miramar, FL. It was founded in 1935 and has approximately $974.3 millions in assets.
Who can join?
You are eligible to become a Tropical Financial Credit Union member (proof of eligibility is required) if you live or work in Broward County, Miami-Dade, Palm Beach Counties or in the following zip codes: 33455 – Hobe Sound, 3348 – Jupiter, 33469 – Tequesta, 33477 – Jupiter/Tequesta (East), 33478 – Jupiter/Tequesta (West).
Employment Eligibility
If you are an employee of one of our Member-Companies, you are also eligible for membership.
| NCUA Insured | Yes / State-Chartered |
| Charter Number # | # 68476 |
| Date Established | 1935 |
| Assets | $974.30 million |
| Loans | $768.84 million |
| Deposits | $865.52 million |
| Capital | $90.92 million |
Field of Membership Restrictions
Membership in Tropical Financial Credit Union is open to the following: (1) those who live or work in Broward, Collier, Hendry, Lee, Martin, Miami-Dade, Palm Beach, Sarasota, and St. Lucie Counties in Florida; (2) those who live or work in zip codes 33455, 33458, 33469, 33477, and 33478; (3) employees of Cape Surgery Center, the City of Miami, and over 100 area Select Employer Groups.
Deposit Rates - November 2, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| SAV
|
0.05% | $5 | - |
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Money Market
|
0.45% | $2,500 | $9,999 |
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|
Money Market
|
0.50% | $10,000 | $24,999 |
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|
Money Market
|
0.50% | $25,000 | $49,999 |
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|
|
Money Market
|
0.55% | $50,000 | - |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
5.00% | $500 | - |
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|
| 9 Mo CD
|
5.00% | $500 | - |
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|
| 12 Mo CD
|
4.00% | $500 | - |
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|
| 18 Mo CD
|
2.25% | $500 | - |
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|
| 24 Mo CD
|
1.25% | $500 | - |
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|
| 36 Mo CD
|
1.25% | $500 | - |
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|
| 48 Mo CD
|
1.25% | $500 | - |
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|
| 60 Mo CD
|
1.25% | $500 | - |
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|
Loan Rates - November 2, 2024
Your Current Location: Ohio, OH 43085
There are currently no loan rates available for Tropical Financial
Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:
Featured - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 2262032 License#: RM.804810.000 |
6.391% | 6.250% | 1.00 | $4,800 | $1,971 | Learn More |
NMLS ID: 1835285 |
6.494% | 6.375% | 0.75 | $4,000 | $1,997 | Learn More |
NMLS ID: 401822 |
6.818% | 6.625% | 1.00 | $6,400 | $2,049 | Learn More |
NMLS ID: 1025894 |
6.987% | 6.875% | 0.88 | $3,654 | $2,103 | Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
Intro APR 7.490 % After Intro: 7.490 % |
$0 |
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More Info |
Achieve Loans See Table |
Intro APR 9.250 % After Intro: 9.250 % |
$0 |
Learn More
More Info |
Note to Tropical Financial
To upload and update your bank's rates please register.
It is free to register and add rates.
Branches
Below are Tropical Financial branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.
Your Location:
Columbus,Ohio
Tropical Financial Locations around zip code 43085
| Branch | Distance | Map | View Lobby Hours |
|---|---|---|---|
| 928.22 | A | View Lobby Hours | |
| 958.89 | B | View Lobby Hours | |
| 963.07 | C | View Lobby Hours | |
| 966.20 | D | View Lobby Hours | |
| 974.36 | E | View Lobby Hours | |
| 976.68 | F | View Lobby Hours | |
| 976.68 | G | View Lobby Hours | |
| 978.57 | H | View Lobby Hours | |
| 990.34 | I | View Lobby Hours |
Climate Policy and Initiatives
TROPICAL FINANCIAL is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.
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Financial Details
Tropical Financial Ratio Analysis
The following ratios and data are available to help you better understand the financial condition of Tropical Financial. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.
Texas Ratio
| Tropical Financial | U.S. Average |
|---|---|
| 7.11% | 5.83 |
The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.
As of June 30, 2024, Tropical Financial had $6,471,229 in non-current loans and $364,288 in owned assets. To cover these potential losses it had $90,918,181 in net worth and $5,267,970 in loans loss reserves. That gives it a Texas Ratio of 7.11%.
Net Worth
| Tropical Financial | U.S. Average |
|---|---|
| 9.32% | 13.93% |
Tropical Financial FCU has a net worth of 9.32% versus the BestCashCow average of 13.93. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.
Customer Reviews for Tropical Financial
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