Skip to main content
IRS-authorized e-file provider · not the IRS

Nonprofit · EIN 59-0637653

STATE CHARTERED CREDIT UNIONS IN FLORIDA

Also known as TROPICAL FINANCIAL CREDIT UNION

Tax-exempt · MIRAMAR, FL 33025

Financials

$57M$56.2M2023$59.9M$62.5M2024
Revenue Expenses · by fiscal year end
Financials of STATE CHARTERED CREDIT UNIONS IN FLORIDA by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$59,909,438$62,509,393-$2,599,955$983,932,608$897,818,202$86,114,406
December 31, 2023990$57,048,631$56,247,025$801,606$966,643,260$878,502,134$88,141,126
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$50,395,399
Investment income
$9,514,039
Net gain from sales of assets
$691,425
Other revenue
$0

Expenses

Grants and similar amounts paid
$49,103
Compensation of officers, directors and key employees
$1,763,343
Other salaries and wages
$12,636,086
Salaries, compensation and benefits (total)
$18,039,115
Professional fundraising fees
$0
Legal fees
$494,408
Accounting fees
$120,000
Occupancy
$2,785,639
Travel
$416,237
Depreciation
$2,007,016

Balance sheet and other

Total assets, start of year
$966,643,260
Total assets, end of year
$983,932,608
Total liabilities, end of year
$897,818,202
Net assets, end of year
$86,114,406
Land, buildings and equipment
$7,717,150
Publicly traded securities
$23,385,505
Gross unrelated business income
$57,089
Gross receipts
$71,203,886
Employees
229
Volunteers
9
Year formed
1935
State of legal domicile
FL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
RICHARD SHAWCOO/CEO
Officer
40$422,001$49,004
BRIAN BURRESSVP OF MEMBER RELATIONS
Key employee
40$187,751$37,037
ROBERTO SALAMANCAVP OF IT
Key employee
40$178,326$35,692
AMY MCGRAWFORMER VP OF MARKETING
Former
40$195,741$16,154
ALFREDO GOENAGAVP OF ADMIN
Key employee
40$164,675$35,705
ELIZABETH JIMENEZVP OF HUMAN RESOURCES
Key employee
40$176,763$23,531
JENNIFER FARRINGTONCONTROLLER/VP OF FINANCE
Officer
40$176,896$22,589
ERICK PADRONVP LENDING
Highest-paid employee
40$148,077$50,256
ROBERT SMITHINFORMATION SECURITY OFFICER
Highest-paid employee
40$151,070$26,645
DIANE MASTAYMORTGAGE DIRECTOR
Highest-paid employee
40$146,216$22,408
LAURA CAUSEYBUSINESS APPLICATION MANAGER
Highest-paid employee
40$139,132$21,388
MARYLEN YIRISVP OF MARKETING
Highest-paid employee
40$122,626$16,112
MARIO MARTINEZDIRECTOR
Trustee or director
1$10,053$0
JAMES DONOHUEDIRECTOR
Trustee or director
1$8,791$0
RICK WISNIEWSKIDIRECTOR
Trustee or director
1$7,688$0
6 more people on this return
NameTitleHours / weekCompensation
MARIA REYESDIRECTOR
Trustee or director
1$5,996
JOSE BELAUSTEGUIDIRECTOR
Trustee or director
1$5,594
MIKE PEREZCHAIR
Trustee or director, Officer
1$3,356
BARABARA CRUITVICE CHAIR
Trustee or director, Officer
1$0
BETTY DIAMONDDIRECTOR
Trustee or director
1$0
HILDA GEERSECRETARY/TREASURER
Trustee or director, Officer
1$0
990 for the year ended December 31, 2023: 22 people
NameTitleHours / weekCompensationOther / benefits
RICHARD SHAWCEO
Officer
40$456,911$34,848
RICHARD HELBERFORMER CEO
Officer
40$446,368$2,472
BRIAN BURRESSVP OF MEMBER RELATIONS
Key employee
40$197,337$23,287
ELIZABETH JIMENEZVP OF HUMAN RESOURCES
Key employee
40$179,712$24,670
ROBERTO SALAMANCAVP OF IT
Key employee
40$181,297$22,568
ALFREDO GOENAGAVP OF ADMIN
Key employee
40$177,862$24,007
AMY MCGRAWVP OF MARKETING
Key employee
40$181,527$18,077
JENNIFER FARRINGTONCONTROLLER/VP OF FINANCE
Officer
40$179,146$16,776
ROBERT SMITHINFORMATION SECURITY OFFICER
Highest-paid employee
40$145,785$15,014
DIANE MASTAYMORTGAGE DIRECTOR
Highest-paid employee
40$144,653$14,319
SARA P MONROYCONSUMER LENDING MANAGER
Highest-paid employee
40$133,861$18,396
LAURA CAUSEYBUSINESS APPLICATION MANAGER
Highest-paid employee
40$139,571$10,347
JOE PARDORISK & FRAUD INVESTIGATION MANAGER
Highest-paid employee
40$130,436$6,447
MC MARTINEZDIRECTOR
Trustee or director
1$9,781$0
JM DOHOHUEDIRECTOR
Trustee or director
1$8,821$0
ML REYESDIRECTOR
Trustee or director
1$7,327$0
JL BELAUSTEGUIDIRECTOR
Trustee or director
1$7,017$0
ME PEREZVICE CHAIR
Trustee or director, Officer
1$6,628$0
RP WISNIEWKISECRETARY/TREASURER
Trustee or director, Officer
1$3,292$0
BK CRUITDIRECTOR
Trustee or director
1$0$0
BN DIAMONDDIRECTOR
Trustee or director
1$0$0
HP GEERCHAIR
Trustee or director, Officer
1$0$0

Address and contacts

Address (IRS master file)
3050 CORPORATE WAY, MIRAMAR, FL 33025-6548
In care of
% RICHARD HELBER CEO
Principal officer (990 for 2024)
RICHARD SHAW, 3050 CORPORATE WAY, MIRAMAR, FL 33025
Signed the 990
RICHARD SHAW, PRESIDENT/CEO
Phone
(888) 261-8328
Return prepared by
RSM US LLP

Mission

TROPICAL FINANCIAL CREDIT UNION IS A NOT-FOR-PROFIT FINANCIAL COOPERATIVE PROVIDING MEMBER OWNERS WITH VALUABLE PRODUCTS, SERVICES AND EDUCATION TO HELP THEM ACHIEVE THEIR GOALS.

990 for the year ended December 31, 2024

Program accomplishments

  • TROPICAL FINANCIAL CREDIT UNION (THE CREDIT UNION) USES INCOME FROM CREDIT UNION MEMBERSHIP AND FROM INVESTMENT OF MEMBERS' FUNDS TO PROVIDE THE FOUNDATION FROM WHICH THE ORGANIZATION CAN FUNCTION AND PROVIDE SERVICES TO ITS RESTRICTED FIELD OF MEMBERSHIP (PERSONS WHO LIVE OR WORK IN MIAMI-DADE, BROWARD, PALM BEACH, SARASOTA, ST LUCIE, MARTIN, HENDRY, COLLIER, AND LEE COUNTIES). THE CREDIT UNION OFFERS CHECKING/SAVINGS ACCOUNTS, CDS, AUTO LOANS, HOME LOANS, PERSONAL LOANS, AND DIGITAL BANKING SERVICES TO ITS MEMBERSHIP.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
59-0637653
Tax-exempt status
501(c)(14): State-chartered credit union
Donations deductible
No
Exempt since
1970
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$983,932,608
Income (IRS master file)
$71,203,886

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$59,909,438$62,509,393$983,932,608XML
990December 2023$57,048,631$56,247,025$966,643,260XML
990December 2022$45,945,135$39,097,914$988,133,882IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-0637653).

Questions about STATE CHARTERED CREDIT UNIONS IN FLORIDA

What is the EIN of STATE CHARTERED CREDIT UNIONS IN FLORIDA?
The employer identification number (EIN) of STATE CHARTERED CREDIT UNIONS IN FLORIDA is 59-0637653.
Is STATE CHARTERED CREDIT UNIONS IN FLORIDA tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(14) since 1970.
Are donations to STATE CHARTERED CREDIT UNIONS IN FLORIDA tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does STATE CHARTERED CREDIT UNIONS IN FLORIDA file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of STATE CHARTERED CREDIT UNIONS IN FLORIDA due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did STATE CHARTERED CREDIT UNIONS IN FLORIDA last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of STATE CHARTERED CREDIT UNIONS IN FLORIDA?
The 990 for the year ended December 31, 2024 names RICHARD SHAW.
Who are the officers and directors of STATE CHARTERED CREDIT UNIONS IN FLORIDA?
The 990 for the year ended December 31, 2024 lists 21 people; 18 received compensation from the organization, the highest $422,001 (RICHARD SHAW, COO/CEO).
How much revenue does STATE CHARTERED CREDIT UNIONS IN FLORIDA have?
On its 990 for the year ended December 31, 2024 it reported revenue of $59,909,438, expenses of $62,509,393 and total assets of $983,932,608 at year end.

Other nonprofits in MIRAMAR

All nonprofits in MIRAMAR · Florida