MIRAMAR, Fla. – Tropical Financial CU, struggling under the weight of Florida’s real estate mess, has hired long-time credit union executive Richard Helber as its new president and CEO.
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Helber, a former president of Central Corporate CU in Michigan, an executive at U.S. Central FCU and most recently chief financial officer at GTE FCU in Tampa, Fla., has more than 30 years experience with credit unions. He will succeed Greg Blount, who is retiring Feb. 1.
Tropical Financial, a one-time $750 million credit union, reported $680 million in assets on Sept. 30, with losses of $10.2 million for 2008 and $4.3 million for the first three quarters of 2009.
