Tropical Financial Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 590637653 ✦ Miramar, FL ✦ Designated as a 501(c)(14)

Overview

What is Tropical Financial Credit Union?

Tropical Financial Credit Union is a not-for-profit financial cooperative based in Miramar, Florida, with an address at 3050 Corporate Way, ZIP code 33025. The organization's mission is to support its restricted membership by offering valuable products, services, and educational resources to help them reach their objectives. The credit union's operations are funded by the income generated from its members' membership and the investment of their funds. With a workforce of 228 employees, Tropical Financial Credit Union aims to provide essential financial services and assistance to its members.


Official website here: www.tropicalfcu.org

Is Tropical Financial Credit Union legitimate?

Tropical Financial Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Tropical Financial Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $2,348,910
Professional Fundraising Fees: $0
Other Salaries and Wages: $11,974,835

For more financial information, click here


Official website here: www.tropicalfcu.org

What is the mission statement of Tropical Financial Credit Union?

Tropical Financial Credit Union is a not-for-profit financial cooperative dedicated to serving its member-owners. The organization's mission is to deliver valuable products, services, and education, helping members achieve their financial goals. Income from membership fees and the investment of members' funds serve as the foundation for the credit union to function and provide essential services. By working together as a cooperative, Tropical Financial Credit Union empowers its members to build a better financial future.


Official website here: www.tropicalfcu.org

Who is the CEO of Tropical Financial Credit Union?

Richard Shaw is the Ceo of Tropical Financial Credit Union. The CEO's salary of Tropical Financial Credit Union is $464,349 and their total compensation is $677,188.


Official website here: www.tropicalfcu.org

What is the revenue of Tropical Financial Credit Union?

Tropical Financial Credit Union's revenue in 2022 was $45,945,135.


Official website here: www.tropicalfcu.org

Who are the executives of Tropical Financial Credit Union and what are their salaries?

The average compensation at Tropical Financial Credit Union during 2022 was $62,823. There are 228 employees and 9 volunteers at Tropical Financial Credit Union.

Here are 22 key members and their salaries (Tropical Financial Credit Union's CEO's salary is $464,349 and their total compensation is $677,188):

    Richard Helber (Ceo)
  • Compensation: $464,349
  • Related: $0
  • Other: $212,839

    • Richard Shaw (Coo)
  • Compensation: $378,736
  • Related: $0
  • Other: $43,496

    • Brian Burress (Vp Of Member Relations)
  • Compensation: $189,279
  • Related: $0
  • Other: $27,449

    • Elizabeth Jimenz (Vp Of Human Resources)
  • Compensation: $179,729
  • Related: $0
  • Other: $33,836

    • Alfredo Geonaga (Vp Of Admin)
  • Compensation: $173,461
  • Related: $0
  • Other: $37,657

    • Amy Mcgraw (Vp Of Marketing)
  • Compensation: $182,656
  • Related: $0
  • Other: $25,215

    • Roberto Salamenca (Vp Of It)
  • Compensation: $154,625
  • Related: $0
  • Other: $27,929

    • Jennifer Farrington (Controller/Vp Of Finance)
  • Compensation: $155,817
  • Related: $0
  • Other: $16,917

    • Sara P Monroy (Consumer Lending Manager)
  • Compensation: $126,024
  • Related: $0
  • Other: $24,509

    • Francis Gallo (Sr Commercial Lending Offi)
  • Compensation: $117,812
  • Related: $0
  • Other: $26,501

    • Robert Smith (Information Security Officer)
  • Compensation: $124,723
  • Related: $0
  • Other: $19,343

    • Frank Salokar (Mortgage Loan Originator)
  • Compensation: $123,362
  • Related: $0
  • Other: $16,210

    • Diane Mastay (Mortgage Director)
  • Compensation: $117,086
  • Related: $0
  • Other: $14,124

    • Jm Dohohue (Director)
  • Compensation: $13,136
  • Related: $0
  • Other: $0

    • Ml Reyes (Director)
  • Compensation: $11,471
  • Related: $0
  • Other: $0

    • Jl Belaustegui (Director)
  • Compensation: $10,902
  • Related: $0
  • Other: $0

    • Mc Martinez (Director)
  • Compensation: $8,641
  • Related: $0
  • Other: $0

    • Hp Geer (Chair) [Trustee/Director]
  • Compensation: $769
  • Related: $0
  • Other: $0

    • Bk Cruit (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bn Diamond (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • M Perez (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rp Wisniewki (Secretary/Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.tropicalfcu.org

    Where can I find the form 990 for Tropical Financial Credit Union?

    The Tropical Financial Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.tropicalfcu.org

    Learn more at the official website: www.tropicalfcu.org

    Mission Statement of Tropical Financial Credit Union

    Tropical Financial Credit Union, a not-for-profit financial cooperative, is dedicated to enhancing the financial well-being of its member-owners. By offering a range of valuable products, services, and educational resources, the organization empowers its members to reach their financial goals. Through the collective income generated from membership and the investment of members' funds, Tropical Financial Credit Union is able to sustain its operations and extend its support to its exclusive membership base.

    Impact

    This information is meant to be a general summary of Tropical Financial Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Tropical Financial Credit Union's impact is centered around providing valuable financial products, services, and education to its member owners to help them achieve their goals. By operating as a not-for-profit financial cooperative, Tropical Financial Credit Union utilizes income from credit union membership and investments to offer essential services to its restricted membership in Miramar, FL. Through its mission of supporting members in reaching their financial objectives, Tropical Financial Credit Union contributes to the public benefit by fostering financial empowerment and improving the overall well-being of its members.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $2,437,787
  • Program Service Revenue: $43,507,348
  • Gross Receipts: $79,174,961

    • Assets and Liabilities:
  • Total Assets: $988,133,882
  • Total Liabilities: $899,462,575
  • Net Assets: $88,671,307
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    INCOME ON LOANS

    Revenue

    $33,282,778

    CHARGES/FEES/OTHER

    Revenue

    $10,224,570

    Organization Details

    Founding Year

    1935

    Principal Officer

    Richard Shaw

    Main Address

    3050 CORPORATE WAY, MIRAMAR, FL, 33025

    NTEE Category

    Code: W60 - Public benefit

    If you are a representative of Tropical Financial Credit Union and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.