Overview / Commentary
Tropical Financial Credit Union is headquartered in Miramar and is the 26th largest credit union in the state of Florida. It is also the 458th largest credit union in the nation. It was established in 1935 and as of March of 2025, it had grown to 179 employees and 66,693 members at 6 locations. Tropical Financial Credit Union has an A health rating.
Field of Membership Restrictions
Membership in Tropical Financial Credit Union is open to those who live or work in the Florida counties of Broward, Collier, Hendry, Lee, Martin, Miami-Dade, Palm Beach, Sarasota, or St. Lucie. Employees of more than 300 Select Employer Groups also qualify for membership. (A complete list of SEGs is listed on the credit union's online application.)
See current membership details
Health
A
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 68476 |
| Year Chartered | 1935 |
| Employees | 179 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.52% |
| Return on Equity - YTD | 5.92% |
| Annual Interest Income | $12.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $1.02B$973.8MM |
| Loans | Q1 2025vs Q1 2024 | $770.6MM$755.5MM |
| Deposits | Q1 2025vs Q1 2024 | $910.8MM$868.8MM |
| Equity Capital | Q1 2025vs Q1 2024 | $88MM$88.2MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $12.2MM$9.8MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $4.3MM$4.6MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $520K$0 |