Applications / Mortgage Analytics / Lenders / Florida / Tropical Financial Credit Union
Miramar, FL · Credit union · NCUA · $984 million assets · 381 loans in 2025
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381
loans originated, 2025
948
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Tropical Financial Credit Union is a Florida refinance lender: nine in ten of its 381 loans in 2025 were refinances, and seven in ten went to neighborhoods where most residents belong to minority groups.
Refinances made up 91.1% of its loans and purchases only 8.9%. Its lending held still, falling 1% in a year when similar lenders (credit unions making between half and twice as many loans) grew 7% and the whole market 10%. Its reliance on refinancing may be why it did not share in the market's growth.
It made 1,093 loans in 2020 and 381 in 2025. Its typical rate was 3.12% then and 7.00% now, close to similar lenders' 6.99%. With nine in ten loans refinances, the fall may reflect how few members gain from refinancing at today's rates. Its typical loan halved over the same years, from $205,000 to $105,000.
Some 69.5% of its loans went to majority-minority neighborhoods, against 12.0% at similar lenders, more than at nine in ten of them. The share has risen from 57.1% in 2020. All its lending is in Florida, and its largest market is Miami-Fort Lauderdale-West Palm Beach, where it ranks 157 of 937 lenders.
Only 12.5% of its loans went to low- and moderate-income borrowers, against 27.5% at similar lenders, among the lowest twentieth. One possible reason is its mix: refinances go to people who already own homes. In poorer neighborhoods its share, 13.5%, is close to similar lenders' 15.4%.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Tropical Financial Credit Union took 948 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
Refinance 91.1% · Purchase 8.9%
Conventional 100.0% · of 381 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
| State | Loans | Share |
|---|---|---|
| Florida | 381 | 100.0% |
Largest metro areas, 2025
| Metro area | Loans |
|---|---|
| Fort Lauderdale-Pompano Beach-Sunrise | 144 |
| Miami-Miami Beach-Kendall | 114 |
| West Palm Beach-Boca Raton-Delray Beach | 74 |
| Port St. Lucie | 9 |
| Cape Coral-Fort Myers | 8 |
| Tampa | 6 |
| Orlando-Kissimmee-Sanford | 5 |
| Deltona-Daytona Beach-Ormond Beach | 3 |
| Jacksonville | 3 |
| Naples-Marco Island | 2 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 549300BZDER2ZANLA242 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 17473 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 568476 | 2002–2017 |
Established 1 January 1935. Reported under HMDA 2002-2025.
Mergers, name changes, data editions and corrections: Tropical Financial Credit Union's data.
Tropical Financial Credit Union's data
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Tropical Financial Credit Union and its peers, 2018–2025: every application in the HMDA data, cleaned and corrected, as Parquet files, with the Jenner programs that made these pages.
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