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 302 credit unions in Alabama, Florida and Georgia, with a combined total of $175 billion in assets and more than 11.6 million members. LSCU & Affiliates provides legislative and regulatory advocacy; education and training; cooperative initiatives (including financial education outreach); public messaging; information services; and business solutions.

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