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Tropical Financial Names Erick Padron Vice President of Lending

24-year credit union veteran promoted from Member Solutions Director


MIRAMAR, Fla. – (Dec. 14, 2023) Tropical Financial, one of South Florida’s largest not-for-profit credit unions, announces that Erick Padron has been promoted to Vice President of Lending. He previously served as Member Solutions Director.

In his new role, Padron is responsible for leading the strategic direction of lending operations and growing a loan portfolio of over $750 million. He is now part of the senior management team and joins the Asset Liability and Business Loan committees.

Padron started at Tropical Financial as a branch representative in 1999, just a few years out of high school. Over the next two decades, he was promoted several times to positions involving sales, lending, branch operations, and member service.

“Erick has touched just about every facet of operations at Tropical Financial, with a track record of effective leadership during his 24-year career with us,” said Rick Shaw, President/CEO of Tropical Financial. “He has been a vital part of our growth story and I look forward to seeing what he can accomplish in this new executive role, which he has certainly earned.”

“No matter what position I have had at Tropical Financial, my focus has always been on what we can do to serve our members better,” Padron said. “That same passion and philosophy will continue as we look for exciting new ways to broaden our loan offerings and enhance our members’ borrowing experience.”

Padron earned his bachelor’s degree in 2013 while working at Tropical Financial. He is planning on continuing his education by earning a master’s degree in the near future.


About Tropical Financial Credit Union

Based in Miramar, Florida, Tropical Financial Credit Union is a member-owned 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, Hendry, and Sarasota counties is eligible to become a member. Tropical Financial Credit Union was formed in 1935 by employees of the former Southern Bell with just a few hundred dollars. Today, it has grown to $1.0 billion in assets as of June 30, 2023. For more information, visit www.tropicalfcu.com.

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Media Contact:

Todd Templin or Lauren Berger


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