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April 28, 2009 - Another addition to the laundry list of benefits of credit union members is the abundance of funds credit unions have to loan. What this means for the public is quick approvals and the best interest rates available. In the current economic climate, banks are doing everything they can to come up with the funding for loans, including offering incentives to savings account holders. To pay for these incentives, they are forced to raise interest rates for their borrowers. Getting a loan from a credit union not only provides essential funds, but also gives borrowers the benefit of not-for-profit banking. South Floridians can get this kind of opportunity from Tropical Financial Credit Union.
People are indeed saving more money due to the economy. The banks are doing everything they can to get their hands on it. When banks don't have the funds, getting bank loans is not that easy anymore. “One of the benefits of becoming a credit union member is that loans are readily available,” said Cina Tucci, Director of Marketing of Tropical Financial Credit Union. “Due to the financial strength and stability of our organization, as well as our financial practices, we have an abundance of money to lend to our members.”
Of course, there are other benefits of getting a loan from a credit union, including flexible terms, great rates, and all the benefits of membership including free checking, personalized service with no fees, and access to financial programs and support. Tropical Financial Credit Union has a number of different flexible loan programs to fit virtually every need of individuals or small businesses. During these challenging economic times, becoming a credit union member may be the best way for some people to get a loan and achieve their financial goals.
About Tropical Financial Credit Union:
TFCU has been offering quality products such as business loans for real estate to Miami-Dade, Palm Beach and Broward County's residents for over 73 years. This fully accredited Florida credit union is open to anyone who lives or works in Palm Beach, Miami-Dade and Broward counties in South Florida. They continually expand to offer the most competitive rates on new and used car loans, residential and commercial real estate loans and other deposit and loan products. For more information, please visit www.TropicalFCU.org.