Tropical Financial Credit Union


3050 Corporate Way
Miramar, FL 33025
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Notable Rates APY Vs.Others
Savings 0.05% 5.50% →
1-Year CD 4.00% 5.38% →
2-Year CD 1.25% 4.95% →
5-Year CD 1.25% 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

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 $973.8 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 $973.80 million
Loans $755.50 million
Deposits $868.79 million
Capital $90.59 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 - July 23, 2024

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
0.05% $5 - Learn More
Money Market
0.45% $2,500 $9,999 Learn More
Money Market
0.50% $10,000 $24,999 Learn More
Money Market
0.50% $25,000 $49,999 Learn More
Money Market
0.55% $50,000 - Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
5.00% $500 - Learn More
9 Mo CD
5.00% $500 - Learn More
12 Mo CD
4.00% $500 - Learn More
18 Mo CD
2.25% $500 - Learn More
24 Mo CD
1.25% $500 - Learn More
36 Mo CD
1.25% $500 - Learn More
48 Mo CD
1.25% $500 - Learn More
60 Mo CD
1.25% $500 - Learn More

Loan Rates - July 23, 2024

Your Current Location: Virginia, VA 20146

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 - Virginia 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.706% 6.625% 0.63 $2,684 $2,049 Learn More
New American Funding, LLC.
NMLS ID: 6606
6.844% 6.750% 1.00 $3,098 $2,076 Learn More
Rocket Mortgage
NMLS ID: 3030
7.064% 6.990% 0.75 $2,400 $2,127 Learn More
CrossCountry Mortgage
NMLS ID: 3029
Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.990 %
$0 Learn More
More Info

Note to Tropical Financial
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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:

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
7.93% 6.52

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 March 31, 2024, Tropical Financial had $7,258,666 in non-current loans and $341,565 in owned assets. To cover these potential losses it had $90,585,611 in net worth and $5,267,970 in loans loss reserves. That gives it a Texas Ratio of 7.93%.

Net Worth
Tropical Financial U.S. Average
9.29% 13.65%

Tropical Financial FCU has a net worth of 9.29% versus the BestCashCow average of 13.65. 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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