Tropical Financial Credit Union recently held its annual meeting and two board members--Betty Diamond and Mike Perez—were each re-elected to a new three-year term. During an executive session that immediately followed, Jose Belaustegui was appointed board chairman for another year.

At the annual meeting, the Board recognized Tropical Financial’s 85th anniversary. Staff presented several documents related to the March 13, 1935 founding, which included an organizational certificate, a photo of four founders taken at the 1969 annual meeting and a photo taken from the first day in operation.

“We are thankful for those before us who had the foresight to preserve this history and thankful to our members for being part of the present and future success,” said Richard Helber, president/CEO.

The Board also received an update on the continued expansion of electronic banking services and rollout of new products in 2020. Tropical Financial introduced a new service that allows members to monitor their credit scores online or on their smartphones and tablets and receive notifications when other organizations view their reports. Tropical Financial also introduced a Daily Rewards account that pays members $.02 every time they used their debit card, and the Perk Debit account which bundles additional benefits such as smart phone insurance and ID theft insurance. There is also a new credit card that offers members three times rewards on all purchases.

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, Hendry and Sarasota 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 $850 million in assets. For more information, visit www.tropicalfcu.com.