"Fall" In Love with a TFCU Auto Loan

Fall is in the air and TFCU is bringing in the season by offering rates as low as 2.99% APR on new & used auto loans!

PLUS, refinance your current auto loan and get up to $300 cash back!

For more information please call 305.261.8328 or 1.888.261.8328 outside Miami-Dade.

Apply today!

Get Stoked For Our One-Day Car Sale!

Join us this Saturday, June 27th from 9AM to 3PM for TFCU's One-Day Car Sale.

Choose from our large selection of pre-owned vehicles with financing on the spot. Get Pre-Approved today to take advantage of Auto Loan Rates as low as 3.99% APR for 36 months!

Rain or Shine - Come early for the best deals.

The event is located at TFCU's Main Branch: 3050 Corporate Way Miramar, FL 33025.

Complimentary food and refreshments will be provided.

Have You Heard The News? Relax, You're Protected!

Credit Unions as a whole have sucessfully escaped the banking meltdown and lending crisis. 

Two corporate credit unions were siezed by federal regulators in order to protect deposits. The credit unions in question, US Central Federal Credit Union and Western Corporate Federal Credit Union, were merely clearinghouses which offered loans and services to retail credit unions. Both credit unions were at risk, but the deposits were always protected by the NCUA for up to $250,000.

Members of Credit Unions should not be alarmed at this news. This is a case of the NCUA working for you to protect your money. The National Credit Union Association (NCUA) insures credit union deposits the same way the FDIC insures bank deposits. Both have increased their coverage from $100,000 to $250,000 until December 31, 2009. As long as your credit union is covered by the NCUA, your deposits are safe. 

Tropical Financial Credit Union is federally insured by the NCUA for up to $250,000.  

Credit Unions Remain a Safe Haven

With banks failing weekly, savers worry about the longevity of their financial institutions and the security of their savings, while borrowers scramble to find willing lenders offering affordable rates. 

Thankfully, more and more former bankers are finding safe haven in their local credit union. Credit unions seem like a no-brainer, boasting higher interest rates for savings and lower rates for loans than traditional banks. 

Credit union membership rose 5 million from 2004 to 2008. Credit union lending rose $36 billion from 2007 to 2008, coinciding with a decrease in bank lending of $31 billion in the same year. 

Not only do credit unions offer better rates, they blow the competition away with outstanding customer service, all without monetary assistance from the federal government. 

"The credit union industry has proven solid," said Karen Dorway of BauerFinancial, a firm that analyzes banks and credit unions. Loans from credit unions increased 7% last year, largely due to first time mortgages and auto loans. Delinquencies on these loans are less than half of the amount of bank loan delinquencies.