GTE Financial

Overview / Commentary
711 E Henderson Ave
Tampa, FL 33602

GTE Financial is a member-owned federal credit union chartered in the midst of the Great Depression that offers a variety of depository banking and lending products. It is an active participant in serving organizations located in the community it serves and also helps businesses with growth and start-up financing.

On its personal banking side, GTE Financial offers savings, checking, money market, share certificate, IRA, and credit card accounts to meet the needs of it membership. Its checking account options include a basic, free account that is eligible for a member advantage program, and a youth account that comes with reduced insufficient fund charges and once-a-month forgiveness for overdraft fees. Both checking accounts come with unlimited check writing, referral incentives, and free debit cards. A basic savings account as well as a money market account are available and offer interest at varying levels based on account balances. Share certificates and IRA certificates range in term lengths from 6 to 60 months. GTE’s rewards program offers cash back incentives for using its Visa credit card or MasterCard debit card.

GTE Financial online banking provides a web-based platform for members to manage their accounts, pay bills, transfer funds and make loan payments. The credit union is part of the CO-OP ATM network and allows free money withdrawal from an ATM that is part of the network. GTE also provides financial education and resources to help guide members through decisions related to purchasing a mortgage and opening up various deposit accounts.

GTE Financial was originally chartered in 1935 and is headquartered in Tampa, Florida. The credit union serves hundreds of thousands of members through a number of branches spread across the state of Florida.

Field of Membership Restrictions

Membership in GTE Financial is open to anyone through joining CUSavers ($10 one-time membership fee). Membership is also open to those who live, work, attend school or worship in select areas of zip codes 33602, 33603, 33604, 33605, 33606, 33607, 33609, 33610, and 33619 in the Tampa area.
See current membership details

Related Posts

Credit Union Says It Will Honor the Terms of Existing Add-On CDs - 10/3/2019

GTE Financial initially decided to change terms of existing promotional CDs by disallowing unlimited add-on deposits. I'm happy to report that GTE has reversed itself.

GTE Financial Has Changed Their Mind - 10/3/2019

Just this minute got an e-mail from GTE saying disregard previous e-mail, they will honor the terms of the prom certificate allowing for unlimited addons Please disregard our previous email regarding your share certificate Yahoo/Inbox GTE Connect To: Oct 3 at 8:50 AM Dear While the promotion is no longer being offered for new share certificates, GTE will continue to honor the terms of the share certificates that were opened by members during the applicable promotional period and allow for additional unlimited deposits. If you have additional questions regarding your certificate, please reach out to Member Care at 1.813.871.2690 from 7am to 8pm. Thank you for being a GTE member and for trusting us with your deposit.

GTE No Longer Honoring ADD-ON Feature Of CD's - 9/30/2019

I tried to add on to a cd at GTE on Friday (9/27) and it failed. After chatting with a representative I was told that the add-on cd features have been cancelled as of today (9/30). Supposedly they are going to notify customers of this change, but I have not received any notification yet.

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Working With GTE Financial

Posted by: |

I opened 4 cds with GTE over the last several months - since April. They were all ADD ON cds - I can add whateversum of money i care to add and keep getting the same rates as when i opened them. The rates were between 3.20 and 3.25. i went there in person and they were very easy to deal with. At one time a rate changed and they honored the rate from the week before. They also let me open business CDs at the same rate as my personal. It is very hard for me to find Credit Unions that offer business CDs. I would recommend GTE financial to anyone. I now have 3.20 to 3.25 rates locked in for the next 5 years.

GTE Financial - Ability To Add Beneficiaries Online

Posted by: |

New feature at GTE allows you to add beneficiaries online. There is an ‘Everything Else’ button towards the right, just before the log off button. Under ‘Resources’, choose ‘Forms’ and you will see the Beneficiary form as the first option. Complete and submit. SSN and DOB of beneficiaries required.

I give them four stars for this enhancement.

Not Thrilled By Hard Credit Pull.

Posted by: |

Happy to get the promo CD with add on for 5 years, but was surprised when I immediately received notification of a hard Equifax pull. I am giving you money GTE, not asking for any from you.

Terrible Customer Service And A Very Incompetent And Dishonest Management Team!

Posted by: |

I applied for a membership and a jumbo CD online on July, 2019, and I received an email confirmation of my application afterward and I was told that an advocate would contact me within a day. As of today ten days later, I have not received any call or email regarding my account. I called GTE today again, and after 30 minutes on hold I spoke with a CSR and then she put me on hold and after 30 minutes on hold I was disconnected. I called back and after another 30 minutes on hold I spoke with another CSR and I left a message for the person who is supposed to handle my application. I'll update this information upon receiving a response.

Update: My experience with GTE has shown me that this would be the only credit union that is capable of any thing and every thing abnormal and can not be trusted. I opened a jumbo add on CD with them after a month long ordeal but I'm not ready to transfer any additional funds to GTE and more likely I won't, since I have already found a much better credit union with better rates and services in this website. In my opinion they have a terrible customer service and a very incompetent and dishonest management team.

Update: Every one who had opened the add-on CD just found out how dishonest the management of this credit union is today on October 1st, 2019. I suspected and warned every one here that, GTE credit Union could not be trusted and they surely proved that to every one by changing the terms of the add-on CD after many of us here invested a lot of our money in this credit union. Shame on them and I hope from now on no one here would ever deposit a cent in this credit union.

Update: October 3, 2019.
By now every one has received the same reversal email that GTE has decided to honor the terms in the agreement they made with it's members regarding the add-on CDS. After this I don't think I could ever trust GTE and may not add any additional funds to my jumbo CD. Let this be a listen to other financial institutions that they can't get away with trampolining the customer's right. Let us send our thanks to Ken and many members of this community that made GTE to reverse course.



Health Grade Components

NCUA #196
Year Chartered1935
Primary Regulator
Profit Margin
Return on Assets - YTD0.84%
Return on Equity - YTD10.06%
Annual Interest Income$83.7MM
Assets and Liabilities
AssetsQ4 2019vs Q4 2018$2.21B$2.09B
LoansQ4 2019vs Q4 2018$1.68B$1.84B
DepositsQ4 2019vs Q4 2018$1.98B$1.80B
Equity CapitalQ4 2019vs Q4 2018$185.0MM$166.3MM
Loan Loss AllowanceQ4 2019vs Q4 2018$13.4MM$13.6MM
Unbacked Noncurrent LoansQ4 2019vs Q4 2018$19.7MM$20.1MM
Real Estate OwnedQ4 2019vs Q4 2018$851.00K$1.2MM

Rates for GTE Financial are currently being reviewed.



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