Tropical Financial FCU completes merger

Tropical Financial Credit Union of Miramar, FL, completed its merger with Miami-based Financial Federal Credit Union, increases Tropical Financial’s assets to more than$700 million and its membership to more than 60,000. The South Florida Business Journal reports, “The completion of the merger is the latest in expansion moves by Tropical, which announced at the end of 2015 […]

Tropical Financial Credit Union of Miramar, FL, completed its merger with Miami-based Financial Federal Credit Union, increases Tropical Financial’s assets to more than$700 million and its membership to more than 60,000.

The South Florida Business Journal reports, “The completion of the merger is the latest in expansion moves by Tropical, which announced at the end of 2015 that it was opening up membership to five southeastern Florida counties. Before 2015, membership in Tropical had been limited to South Florida.” Read the full article here.

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The League of Southeastern Credit Unions & Affiliates represents nearly 300 credit unions throughout Alabama, Florida, and Georgia. It has a combined total of almost $200 billion in assets and 12.4 million members. LSCU provides advocacy, compliance services, education and training, cooperative initiatives, and communications.

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