In The News

Interest Rates Stall Small Business Loans

Tropical Financial Credit Union — Wed, 17 Jun 2026 19:05:30 GMT

Higher interest rates may be slowing small business lending across Miami, but Tropical Financial Credit Union is helping entrepreneurs navigate this shifting landscape with strategic guidance and credit solutions tailored to today’s market. As buyers and sellers adjust to new rate realities and property values, CEO Richard Shaw sees fresh opportunity ahead—especially for healthcare and service-based businesses ready to move while others wait on the sidelines.

Read the full article to see how these trends are unfolding in real time—and what they could mean for your next move as a South Florida business owner.

Tropical Financial Credit Union Opens 2026 Scholarship Applications, Offering $10,000 in Awards

Tropical Financial Credit Union — Mon, 18 May 2026 13:51:31 GMT

MIRAMAR, Fla. (May 18, 2025) – Tropical Financial Credit Union, a not-for-profit financial institution based in Broward County, is now accepting applications for its annual scholarship program, awarding a total of $10,000 to help students further their education.

South Florida Credit Union Expands Business Banking Services with New Digital Platform

Tropical Financial Credit Union — Wed, 28 Jan 2026 18:22:54 GMT

Tropical Financial Credit Union is making a bold move in business banking with the launch of a new digital platform designed to better serve growing companies across South Florida. From enhanced cash management to customized lending and faster decision-making, this expansion signals a new chapter for local business support. Read the full article to learn how these upgrades, along with key leadership additions, are reshaping what business banking can look like.

2026 Message to Our Members | Building Financial Confidence, Together

Tropical Financial Credit Union — Wed, 14 Jan 2026 19:13:19 GMT

We’re living in a time of change, but one thing remains constant: our dedication to you. In this heartfelt video message, our President & CEO Rick Shaw shares an important update — and a sincere thank-you.

Tropical Financial Credit Union Expands Field of Membership Into Three New Counties

Tropical Financial Credit Union — Wed, 17 Dec 2025 22:23:21 GMT

Manatee, Charlotte and Monroe county residents can now join the credit union

MIRAMAR, Fla. – (Dec. 15, 2025) – Tropical Financial Credit Union (TFCU), a leading not-for-profit financial institution serving Southeast and Southwest Florida, announced today it has expanded its field of membership to include Manatee, Charlotte and Monroe counties. Anyone who lives or works in these areas, works for a partner company or has an immediate family member who is an account holder is eligible to join for free by visiting www.TropicalFCU.com.

SunSentinel covers Ft. Lauderdale Boat Show feat. Erick Padron

Tropical Financial Credit Union — Thu, 30 Oct 2025 16:57:18 GMT

The Sun Sentinel spotlights the upcoming Fort Lauderdale International Boat Show, emphasizing record attendance, luxury yacht debuts, and major waterfront upgrades at Pier Sixty-Six and Las Olas Marina. While superyachts and wealthy buyers dominate headlines, the article also notes strong interest in smaller boats and highlights financing conditions for everyday buyers. Tropical Financial Credit Union’s Vice President of Lending, Erick Padron, is featured as the consumer-lending voice, explaining that October through April is peak boat-loan season, most TFCU borrowers shop for 32-foot-and-under vessels, and rates vary with down payment and credit strength. Padron says TFCU is waiting for a possible Fed rate cut before launching promotions, encourages buyers to negotiate show incentives, and shares that even he scored a $5,000 discount on a Boston Whaler at a past show.

Featured in Florida Trend: A Conversation with CEO Rick Shaw

Tropical Financial Credit Union — Thu, 03 Jul 2025 18:26:45 GMT

We’re excited to share that Tropical Financial Credit Union is featured in the July 2025 issue of Florida Trend magazine, highlighting the leadership and vision of our President and CEO, Rick Shaw.

CBS News Miami: Eye On Your Money

Tropical Financial Credit Union — Thu, 03 Jul 2025 18:22:08 GMT

In this CBS4 News feature, hear from Sonia Rodriguez, a Tropical Financial Credit Union member who turned financial stress into monthly savings with the help of our team. Alongside Lisette Martin, our Consumer Lending Sales Manager, Sonia shares how refinancing her auto loan with TFCU led to a lower rate, smaller payments, and greater peace of mind.

Featured CEO Spotlight: Rick Shaw in South Florida Business Journal

Tropical Financial Credit Union — Fri, 09 May 2025 19:54:18 GMT

Featured CEO Spotlight: Rick Shaw in South Florida Business Journal

We’re proud to share recent features from the South Florida Business Journal spotlighting our very own President and CEO, Rick Shaw. With a distinguished background in banking and law, Rick brings a wealth of experience and a member-first philosophy to his leadership at Tropical Financial Credit Union.

Meet Layla Crehan: Our South Florida Community Hero

Tropical Financial Credit Union — Tue, 15 Apr 2025 14:24:05 GMT

At Tropical Financial Credit Union, we believe in celebrating those who make South Florida a better place. That’s why we partnered with the Florida Panthers to launch the Community Hero Campaign — a mission to find and honor someone who selflessly gives back, uplifts others, and makes a meaningful difference in their community.