GTE Financial


Overview / Commentary
813-871-2690
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.

Most Horrible Banking Experience Of My Life

Posted by: |

20+ years with GTE, and am having the worst customer experience of MY LIFE. Discovered fraud on my debit card July 4, 2020. Called immediately, but told I could NOT order another card until Monday, July 6. Called 1st thing Monday for card to be expressed 2-3 days. Also, something critical happened on July 5, I contracted a fever, my father is hospitalized with covid, so I tested, 9 days later still no results, very good chance Covid positive. July 13, had not rec'd my new card, I am quarantined, need groceries delivered and med supplies, but no card! Called, was told that the would stop the missing card (refused to tell me what happened to other card) and would rush another. Also told a supv would call me immediately, never did!! Advised me cb Tues 7/14 for track #. CB July 15, no tracking number and they admitted the first card was sent reg mail, I'd likely rec today, but they had turned it off. Had I known the error we'd have let the 1st card run it's course. Told I should rec new card Fri 7/17. Having explained I was likely infectious, had no groceries or med supplies 3, not 1, 3 told me I could get a card by going to a branch. Obviously they didn't even listen. So here I sit, LITERALLY rationing a bag of pretzels, no tylenol to break fever, no thermometer to gauge fever, and no help whatsoever from GTE Financial. They DO NOT CARE. Maybe I should take up that offer and walk into a branch. People should be fired for the way I have been treated. The day I am able I will close my GTE accounts and bank elsewhere, I can not ever do business with them again.

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Health
B+

Health Grade Components

Overall
NCUA #196
Year Chartered1935
Employees474
Primary Regulator
Profit Margin
Return on Assets - YTD0.17%
Return on Equity - YTD2.03%
Annual Interest Income$20.3MM
Assets and Liabilities
AssetsQ1 2020vs Q1 2019$2.31B$2.12B
LoansQ1 2020vs Q1 2019$1.74B$1.86B
DepositsQ1 2020vs Q1 2019$2.09B$1.89B
Equity CapitalQ1 2020vs Q1 2019$190.1MM$168.5MM
Loan Loss AllowanceQ1 2020vs Q1 2019$13.5MM$13.2MM
Unbacked Noncurrent LoansQ1 2020vs Q1 2019$16.6MM$16.5MM
Real Estate OwnedQ1 2020vs Q1 2019$851.00K$1.2MM
Rates
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Always verify rates and promotions with the bank or credit union. We are not GTE Financial; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

GTE Financial Savings Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$500*-Regular Share Savings
OTHER TIERS: 0.05% $100 - $500
0.10%$100-Special Savings Account
0.05%--HSA Checking
0.05%$2.5k-IRA Savings
0.05%-$500Early Saver Account
0.05%$100-Future Change Savings

GTE Financial Money Market Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.05%$10k-Money Market
0.05%$10k-High Yield Money Market
0.05%$10k-Business Money Market

GTE Financial Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.10%*$150k*-Business Interest Checking
OTHER TIERS: 0.05% $50k - $150k
0.10%-$3kGo Premium with GTE Secure

GTE Financial CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.40%$500-60 Month Share Certificate
0.40%$500-Business 60 Month Share Certificate
0.35%$500-48 Month Share Certificate
0.35%$500-Business 48 Month Share Certificate
0.30%$500-36 Month Share Certificate
0.30%$500-Business 36 Month Share Certificate
0.25%$500-30 Month Share Certificate
0.25%$500-Business 30 Month Share Certificate
0.20%$500-30 Month Step Up Share Certificate
0.20%$500-24 Month Share Certificate
0.20%$500-Business 24 Month Share Certificate
0.15%$500-18 Month Share Certificate
0.15%$500-Business 18 Month Share Certificate
0.10%$500-12 Month Share Certificate
0.10%$500-Business 12 Month CD
0.05%$500-6 Month Share Certificate
0.05%$500-Business 6 Month Share Certificate

GTE Financial IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
0.30%$500-60 Month IRA
0.25%$500-48 Month IRA
0.20%$500-36 Month IRA
0.15%$500-30 Month IRA
0.10%$500-24 Month IRA
0.10%$500-30 Month Step Up IRA
0.05%$500-18 Month IRA
0.01%$500-6 Month IRA
0.01%$500-12 Month IRA
Locations

Availability



The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.