Credit Unions Weather Financial Rainstorms

Credit Unions like Tropical Financial Credit Union (TFCU) have you covered.

No matter what the financial rainstorm brings, credit unions will always have your back because they are non-profit and member owned. That's the credit union difference.

If you're sick of banks selling you out and not putting your best interests first, it's time to join a credit union!

School Property Taxes Expected to Increase

School property taxes in Florida are expected to increase 1.3% by next year, signaling an increase in property values. This is one of the most promising signs of recovery in the Florida housing market.

Property appraisers and real estate agents are already seeing signs of improvement in the housing market. Appraisers for the downtown Miami area have seen property values increase over 12% this year over last year and higher income neighborhoods like Coral Gables are already seeing higher property taxes.

New TFCU Credit Cards Coming Soon

Tropical Financial Credit Union (TFCU) is proud to announce two new credit cards coming soon!

TFCU members will soon be able to apply for a TFCU VISA Platinum Rewards Credit Card as well as a TFCU VISA Platinum Rewards Business Credit Card.

Earning rewards on purchases made with your TFCU credit card has never been easier!

Seasonal Uptick in South Florida Home Prices

South Florida home prices inched up this May, but analysts say the increase may just be seasonal.

Since April, home prices in Miami-Dade, Broward and Palm Beach Counties rose 1.2%. However, analysts say there is more demand in the early summer months, resulting in seasonal higher home prices.

Florida Realtors reported an increase of 26% over last year for median home prices in Broward County, yet a 12% drop for median home prices in Palm Beach County.

South Florida home sales have been strong this year, but they still have a long way to go.

South Florida "Kills Three Birds with One Stone"

Florida Governor, Rick Scott, has plans for a $43 million Eller Drive Overpass Project at Port Everglades which will "kill three birds with one stone."

The overpass will create 1,076 construction jobs, prepare for the Panama Canal widening, and ease congestion on roads near Port Everglades.

Shuttle Layoffs Hit Florida's Economy

Approximately 9 thousand jobs will be lost when NASA's space shuttle program ends this month.

Watch the following video for more information about how Florida's economy will be affected by the discontinuation of the space shuttle:

Forget the Recession, Florida is in a "Mancession"!

Florida's economy faced a severe downturn in 2008, but not all genders were created equally. The "mancession" hit male-dominated jobs, such as those in the construction and manufacturing industry, harder than typically female-oriented industries like education and health care.

The result has been greater unemployment statistics for men than women. Florida's unemployment rates in 2010 broken down by sex were 12.3% for males and only 9.7% for females.