Tropical Financial Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 1.75% | 5-year CD | 60 Month CD 1.85% - Synchrony Bank 60 Month CD |
| 0.35% | 1-year CD | 12 Month Jumbo CD 1.05% - Ally Bank High Yield 12-Month CD |
| 0.10% | Savings | Savings 1.00% - Ally Bank Online Savings Account |
Tropical Financial Credit Union is headquartered in Miramar and is the 22nd largest credit union in the state of Florida. It is also the 399th largest credit union in the nation. It was established in 1935 and as of June of 2016, it had grown to 157 employees and 53,425 members at 9 locations. Tropical Financial Credit Union has an A health rating.
Field of Membership Restrictions
Open to anyone who lives or works in the Florida counties of Broward, Collier, Hendry, Lee, Martin, Miami-Dade, Palm Beach, Sarasota, or St. Lucie. Also open to anyone who lives or works in the following Zip Codes: 33455, 33458, 33469, 33477, or 33478. Employees of over 200 SEGs are also eligible for membership.
See current membership details
Related Posts
3/16/08 - 4.25% 6-Month CD at a Florida CU (Tropical Financial).
7/23/07 - 5.90% 6-Month / 5.90% 12-Month CD at a Florida CU (Tropical Financial) - and 5.07% Savings Account
12/6/06 - 6.00% 30-Month CD / 6.00% 15-Month at a Florida CU - $100K (Tropical Financial)
Great Customer Service
My bank representative called just to make sure everything was "ok".
FORCED FLOOD INSURANCE
I was going over my statements on line of my various accounts and came across a withdrawl of 1,418.09 from Allied Flood Premium,I immediately contacted my local Tropical branch and asked what this was she did some checking with Lillian Musso at the main office insurance Dept. What I was told was that I needed flood insurance because I have a HELOC with Tropical,now I have had this out since 2003 and renewed it in 2007 and only once did I get flood insurance because they threatened to take it out on me si took it out on my own had a survey done and sent them the survey showing I was almost 2 feet above the flood plain,never heard from them again until they decided to get me a policy for 1,418 dollars. I immediately went to my State Farm agent and took out the same policy for 224.00 and am now applying for a LOMA letter from Fema. they would not refund my money then after many phone calls they gave me a partial refund but wont refund 442.00 there are 2 issues here one with the Flood insurance that I am resolving with FEMA but the other is they keep telling me there ins. company sent 2 letters to me ,that is a total lie I never recvd otherwise I would have gotten my own insurance and fought it,I cant get anybody from Tropical to tell me why I wasnt notified by phone or by e-mail I accepted Tropicals request to go paperless and this is what they pulled. The person who is refusing a refund is Pete Valerioti he is the Vp. consumer lending, so much for being a customer for 32 years.,but not much longer!.If anyone reading this and thinks I have a legal lawsuit or who to complain to in the Govt. please contact me or give me some advise.richz747@bellsouth.net
AVOID This Credit Union!!
The ONLY way we ended up here is this is who approved our vehicle loan which we purchased approx. 15 months ago. There was some confusion on my part as to the actual loan payment amount and I could not locate my loan documents that were put into storage. I was paying $414 a month and on occasion I would pay $425 to $450 in order to pay it off sooner. Approx 10 months into payments, I was notified we had no insurance and needed to provide them with proof of coverage, which we did. 5 different times!!! We were finally told they received it, then the next month they charged our account over $4,000 for auto insurance!!! We called them yet again and yet again provided them with proof of coverage! They refunded the insurance as we had never lapsed, just had changed carriers. The next month, in Oct. 2011, they reported us as 30 days late!! We called yet again and were told that it was because of the added insurance and that we didn't send in the difference, but that we needed to dispute it and they would remove it. We did dispute it with 2 credit bureaus and they did not remove it and reported it as accurate. After many phone calls to Angel Gonzalez, who is worthless by the way. He does not do what he says he will. He does not follow up and take care of what he says he will. We also spoke with a Mr. Humes in collections who seemed very confused as to what our payment was as well. He kept referring us back to Mr. Gonzalez. Approx 6 weeks ago Mr. Gonzalez told my husband he would get a copy of the sales contract to see the correct payment amount because we still thought the added insurance was calculated in there. We never heard back from him. Then we started receiving letters saying we were past due and to submit $0.00. ???? What??? I called to find out what that was about and they didn't know. Just talked to Mr. Gonzalez again, 2 weeks ago. He said he had the sales contract and the payment in fact was $426 a month, not $414 as I thought. He said he would mail it out to me. Here it is October 19th and never got a copy of it from Mr. Gonzalez at Tropical Financial Credit Union. I just received yet another notification that TFCU has now for a second time charged us with being 30 days late!! We haven't had even one late payment in 10 years and this credit union is single handedly ruining our credit. We need to purchase another vehicle and have been fighting this for months, but only get erroneous information and no return calls!! Mr. Gonzalez told me last week that he would speak with his boss who was on vacation about removing the 30 day lates due to all the confusion and lack of follow up on their end. Guess what. Its been a week and no one got back with us or removed the now 2 30 day late reportings!!
Better Businness Bureau :Tropical Financial Credit Union Not A Accredited Businness ***** RATED F ******
Prospective customers and current customers of Tropical Financial Credit Union,having more problems with Tropical to be posted shortly,went to file a complaint with the Better Businness Bureau,guess what they already are rated F ,they are not a accredited businness,think about joining another Credit Union.
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68476 |
| Year Chartered | 1935 |
| Employees | 157 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.48% |
| Return on Equity - YTD | 5.81% |
| Annual Interest Income | $9.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $659.3MM$574.5MM |
| Loans | Q2 2016vs Q2 2015 | $446.8MM$408.0MM |
| Deposits | Q2 2016vs Q2 2015 | $593.5MM$514.4MM |
| Equity Capital | Q2 2016vs Q2 2015 | $53.0MM$47.5MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $1.8MM$2.2MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $1.7MM$2.6MM |
| Real Estate Owned | Q2 2016vs Q2 2015 | $403.00K$290.00K |
Always verify rates and promotions with the bank or credit union. We are not Tropical Financial Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Tropical Financial Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 3.00% | - | - | Health Savings Account | |
| 0.20% | $25 | - | Traditional IRA Savings | |
| 0.10% | - | - | Savings | |
| 0.10% | - | - | Holiday Club | |
| 0.10% | - | - | Business Savings |
Tropical Financial Credit Union Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.15%* | $50k* | - | Money Market | ||
| OTHER TIERS: 0.05% → $2,500 - $10k | 0.10% → $10k - $50k | |||||
| 0.15%* | $50k* | - | Business Money Market | ||
| OTHER TIERS: 0.05% → $2,500 - $25k | 0.10% → $25k - $50k | |||||
Tropical Financial Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.10%* | $25k* | - | Interest Business Checking | ||
| OTHER TIERS: 0.05% → $5k - $25k | |||||
| 0.05% | $5k | - | Premium Checking | ||
Tropical Financial Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00% | $100k | - | 60 Month Jumbo CD | |
| 1.75% | $500 | - | 60 Month CD | |
| 1.00% | $500 | - | 48 Month CD | |
| 0.90% | $500 | - | 48 Month Bump Up CD | |
| 0.75% | $500 | - | 30 Month CD | |
| 0.75% | $100k | - | 30 Month Jumbo CD | |
| 0.75% | $500 | - | 36 Month CD | |
| 0.55% | $1k | - | 18 Month CD | |
| 0.55% | $500 | - | 24 Month CD | |
| 0.55% | $100k | - | 18 Month Jumbo CD | |
| 0.55% | $100k | - | 24 Month Jumbo CD | |
| 0.35% | $500 | - | 12 Month CD | |
| 0.35% | $100k | - | 12 Month Jumbo CD | |
| 0.25% | $500 | - | 6 Month CD | |
| 0.25% | $100k | - | 6 Month Jumbo CD |
Tropical Financial Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.75% | $500 | - | 60 Month IRA Certificate | |
| 1.00% | $500 | - | 48 Month IRA Certificate | |
| 0.75% | $500 | - | 30 Month IRA Certificate | |
| 0.75% | $500 | - | 36 Month IRA Certificate | |
| 0.55% | $500 | - | 18 Month IRA Certificate | |
| 0.55% | $500 | - | 24 Month IRA Certificate | |
| 0.55% | $25 | - | 24 Month IRA Variable Certificate | |
| 0.35% | $500 | - | 12 Month IRA Certificate | |
| 0.25% | $500 | - | 6 Month IRA Certificate |
| Tropical Financial Credit Union Locations | ||
|---|---|---|
| Branch Office | 3050 Corporate Way | Miramar, FL 33025 |
| Branch Office | 15740 Pines Blvd | Pembroke Pines, FL 33027 |
| Branch Office | 6786 Okeechobee Blvd | West Palm Beach, FL 33411 |
| Branch Office | 850 N Nob Hill Rd | Plantation, FL 33324 |
| Branch Office | 20395 NW 2nd Ave | Miami, FL 33169 |
| Branch Office | 8000 NW 7th St | Miami, FL 33126 |
| Branch Office | 1201 N University Dr | Coral Springs, FL 33071 |
| Branch Office | 5900 N Federal Hwy | Fort Lauderdale, FL 33308 |
| Branch Office | 13520 SW 120th St Ste 105 | Miami, FL 33186-7454 |