Tropical Financial Credit Union, a not-for-profit financial institution based in Miramar, has expanded its field of membership to five new counties in the southern Florida region. The counties include Lee, Collier, Hendry, Martin and St. Lucie. That means anyone who lives or works in these areas are now eligible to join the credit union. Prior to this expansion, membership was limited to only those who live or work in Miami-Dade, Broward or Palm Beach Counties.
“The time was right to reach outside of the tri-county area,” said Richard Helber, president and CEO. “After doing our research, we determined that consumers in Southwest Florida and on the Treasure Coast who are interested in joining a credit union don’t have a whole lot of options. We are now giving them a new opportunity.”
Tropical Financial will market to prospective new members primarily online as there are no plans to open new branches in the expanded service area.
“Anyone interested in joining the credit union can sign up by visiting our website at www.TropicalFCU.com,” said Amy McGraw, vice president of marketing. “Once they become a member, they’ll be able to open a checking or savings account, apply for a loan or credit card, or conduct any other transaction they could do in a branch from their mobile device utilizing our highly rated mobile app, or home computer. They will get to enjoy the full credit union experience, but only virtually.”
Tropical Financial offers consumer and commercial banking products and services as well as investment services. Members also have access to convenient online banking and bill pay, telephone and mobile banking, and a vast ATM network. McGraw said members in the new expanded areas will also be able to use any of the credit union’s nine existing branches should they have a desire.
At a credit union, members pool their money together to help each other out financially. Because they are not-for-profit, credit unions traditionally offer better rates on deposits and better rates on loans compared to big banks. There is no fee to join.
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About Tropical Financial Credit Union
Based in Miramar, Florida, Tropical Financial Credit Union is a not for-profit financial institution whose deposits are federally insured. Anyone who lives or works in Miami-Dade, Broward, Palm Beach, Martin, St. Lucie, Lee, Collier and Hendry Counties is eligible to join. Tropical Financial Credit Union was formed in 1935 by employees of the former Southern Bell with just a few hundred dollars and has grown to over $580 million in assets. For more information, log on to www.Tropicalfcu.com.