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Filing year 2024

TROPICAL FINANCIAL CREDIT UNION

Miramar, Florida·EIN 59-0637653·501(c)(14)
Total revenue
$59.9M
Total assets
$983.9M
Total expenses
$62.5M
Reported officers
21
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.

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 18 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

Coo/ceo
Officer (Unspecified)
$471k
$501k
Base
$420k
Bonus
Other
$2k
Benefits
$39k
VP of Member Relations
Board Vice President
75th to 90th percentile
$225k
$239k
Base
$185k
Bonus
Other
$2k
Benefits
$29k
VP of IT
Board Vice President
75th to 90th percentile
$214k
$227k
Base
$177k
Bonus
Other
$828
Benefits
$28k
Former VP of Marketing
Board Vice President
Median to 75th percentile
$212k
$225k
Base
$122k
Bonus
Other
$74k
Benefits
$14k
VP of Admin
Board Vice President
Median to 75th percentile
$200k
$213k
Base
$162k
Bonus
Other
$3k
Benefits
$29k
VP of Human Resources
Board Vice President
Median to 75th percentile
$200k
$213k
Base
$175k
Bonus
Other
$2k
Benefits
$17k
Controller/vp of Finance
Vice President
75th to 90th percentile
$199k
$212k
Base
$176k
Bonus
Other
$540
Benefits
$15k
VP Lending
Board Vice President
Median to 75th percentile
$198k
$211k
Base
$148k
Bonus
Other
$463
Benefits
$44k
Information Security Officer
Highest Compensated Employee
Median to 75th percentile
$178k
$189k
Base
$150k
Bonus
Other
$710
Benefits
$20k
Mortgage Director
Highest Compensated Employee
Median to 75th percentile
$169k
$179k
Base
$144k
Bonus
Other
$2k
Benefits
$17k
Business Application Manager
Business Manager
Median to 75th percentile
$161k
$171k
Base
$137k
Bonus
Other
$2k
Benefits
$19k
VP of Marketing
Board Vice President
Median to 75th percentile
$139k
$147k
Director
Board Member
25th percentile to median
$10k
$11k
Director
Board Member
25th percentile to median
$9k
$9k
Director
Board Member
25th percentile to median
$8k
$8k
Director
Board Member
25th percentile to median
$6k
$6k
Director
Board Member
25th percentile to median
$6k
$6k
Chair
Board Chair
10th to 25th percentile
$3k
$4k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Miami-Fort Lauderdale-West Palm Beach, FL metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 3 unpaid individuals.

Down 4%
from 2023

From $492k in 2023 to $471k in 2024.

$492k
2023
$471k
2024
In today's dollarsEst.
Down 8% in real terms$542k to $501k

Estimated with Miami-Fort Lauderdale-West Palm Beach, FL metro-area CPI-U, restating filed pay into April 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Vice President pay rose 2% from 2023 to 2024, while revenue rose 5%.

$221k in 2023 to $225k in 2024.
  • Vice President pay rose 2% from 2023 to 2024.
  • Highest Compensated Employee pay rose 11% from 2023 to 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

TROPICAL FINANCIAL CREDIT UNION reported revenue and expenses across 2 filing years.

RevenueExpenses
$57M
$56.2M
2023
$59.9M
$62.5M
2024
Total revenue and total expenses from IRS Form 990 filings.
FAQ

Common questions about TROPICAL FINANCIAL CREDIT UNION

What does the Board Vice President of TROPICAL FINANCIAL CREDIT UNION earn?

In 2024, the Board Vice President of TROPICAL FINANCIAL CREDIT UNION received $224,788 in total compensation. This pay is in the top quarter for Board Vice President roles among nonprofits nationwide, across all sectors, though not the top 10% of comparable filings. Based on IRS Form 990 data.

How does Board Vice President pay at TROPICAL FINANCIAL CREDIT UNION compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2024 pay of the Board Vice President at TROPICAL FINANCIAL CREDIT UNION falls between the 75th and 90th percentiles.

What are TROPICAL FINANCIAL CREDIT UNION's revenue and expenses?

In 2024, TROPICAL FINANCIAL CREDIT UNION reported $59.9M in total revenue and $62.5M in total expenses on its IRS Form 990.

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