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EIN 59-0637653

Tropical Financial Credit Union

IRS 501(c) type
501(c)(14)
Num. employees
228
City
Miramar
State
Florida
Year formed
1935
Most recent tax filings
2022-12-01
NTEE code, primary
W60: Financial Institutions, Credit Unions
Description
Tropical Financial Credit Union is a financial cooperative that provides members with valuable products, services, and education to help them achieve their goals. Income from membership and investments are the foundation for providing services to its restricted membership.
Related structure
Tropical Financial Credit Union is child organization, under the parent exemption from State Charter Credit Unions in Florida Group Return.
Also known as...
State Chartered Credit Unions in Florida
Total revenues
$45,945,135
2022
Total expenses
$39,097,914
2022
Total assets
$988,133,882
2022
Num. employees
228
2022

Program areas at Tropical Financial Credit Union

Income from Credit Union membership and from investment of members' funds provide the foundation from which the organization can function and provide services to its restricted membership.

Grants made by Tropical Financial Credit Union

GranteeGrant descriptionAmount
American National Red Cross (ANRC)Program Support$15,255

Personnel at Tropical Financial Credit Union

NameTitleCompensation
Richard ShawPresident and Chief Executive Officer$378,736
Jennifer FarringtonController and Vice President of Finance$155,817
Amy McGrawVice President of Marketing / Vice President Marketing$182,656
Roberto SalamencaVice President of It$154,625
Brian BurressVice President of Member Relations / Vice President Member Relations$189,279
...and 18 more key personnel

Financials for Tropical Financial Credit Union

RevenuesFYE 12/2022
Total grants, contributions, etc.$0
Program services$43,507,348
Investment income and dividends$2,004,251
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$433,536
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$45,945,135

Form 990s for Tropical Financial Credit Union

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-13990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122021-06-30990View PDF
2018-122020-01-28990View PDF
...and 9 more Form 990s
Data update history
January 18, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 16, 2024
Updated personnel
Identified 4 new personnel
December 28, 2023
Used new vendors
Identified 1 new vendor, including
July 28, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 14, 2023
Used new vendors
Identified 7 new vendors, including , , , , , , and
Nonprofit Types
Credit unionsChapter / child organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
3050 Corporate Way
Miramar, FL 33025
Metro area
Miami-Fort Lauderdale-Pompano Beach, FL
County
Broward County, FL
Website URL
tropicalfcu.com/ 
Phone
(888) 261-8328
Facebook page
tropicalfcu 
Twitter profile
@tropicalfcu 
IRS details
EIN
59-0637653
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1935
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
W60: Financial Institutions, Credit Unions
NAICS code, primary
522130: Credit Unions
Parent/child status
Child within group exemption
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