Thursday, July 31, 2008

Florida's Sinking Industry




NPR recently featured a story on Florida's sinking boating industry. The boating industry in Florida, California and Michigan have been hurting due to high gas prices and a recession style economy.

Luxury Yacht sales are down 30% in Florida because business owners and other people in the market for a yacht simply do not have the disposable income to run or purchase such luxury items.

Boat owners are finding difficulty in their efforts to run or sell their boats. With gas prices as high as they are, the cost of running a boat for a day has nearly doubled. Owners attempting to sell their boats find a market where people are cutting back on luxury goods and trying to make ends meet.

Tropical Financial Credit Union is here to help Florida's private yachtsmen and boat sales business owners.

Wednesday, July 23, 2008

South Florida's Speedy Economic Turnaround



South Floridians everywhere are hurting due to a weak economy and high gas prices.

Fortunately, due to tourism and trade, Florida might be one of the first states out of the slump.

There is no question that the economy is not what it once was. South Floridians are cutting back on dining out and entertainment, causing trouble in the retail and restaurant industries.

However, relief may be on its way. Although America's economy is not projected to turn around until the end of 2009, most of the US is not blessed with our tourism and South American trade industries.

South Florida's beaches, night life and restaurants draw both domestic and international travel yearly. European tourism this year is projected to be especially profitable due to the Euro's strength versus the Dollar, which should pump money into the South Florida's industries hurting the most.

The entire article is available on CBS4.com

Visit Tropical Financial Credit Union for more financial information

Monday, July 14, 2008

BauerFinancial Recommends Tropical Financial Credit Union As A Top Florida Credit Union

BauerFianancial, a credit union ratings firm recently announced Tropical Financial Credit Union among the top credit unions in the state of Florida. These ratings are based off information that is submitted to the government four times a year then converted into a star rating. TFCU recently revieved four out of five stars.

With branches in Palm Beach, Broawrd and Dade Counties, the Florida based credit union enables members to have complete access to traditional banking products such as mortgage loans, free checking accounts, CD's and other financial investments.