South Florida Sun Sentinel highlights credit unions
12/19/2012 10:06 am
The South Florida Sun Sentinel highlighted credit unions' great third quarter in an article titled, "
Florida credit unions healthy, growing." Tropical Financial Credit Union and Sun Credit Union were both featured in the article talking about how their loan volume is growing.
"We're seeing a pickup on the mortgage loan and business loan side of things," said Richard Helber, who leads the credit union of roughly 54,000 members and $482 million in assets. He estimates Tropical Financial's mortgage production rose 40 percent this year, although the credit union has been selling off those mortgages. For 2013, Tropical Financial sees growth, too. Helber forecasts a 2.5 percent gain in members, 4 percent bump in deposits and 15 percent increase in loans next year.
Sun Credit Union, based in Hollywood, also sees gains next year. It expects loans to rise 3 percent to 4 percent, as the recent wave of mortgage refinancing ebbs, said Patrick Mason, who leads the credit union of roughly 6,000 members and $60 million in assets. Business should be helped by the introduction of mobile banking, Mason said.