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
10/3 - GTE Financial Has Changed Their Mind
9/30 - GTE No Longer Honoring ADD-ON Feature Of CD's
8/24 - Share Certificate Rates Drop
8/23 - 60 Months Cd Down
7/19 - GTE Financial Ups 12-Month Add-On IRA To 3.30% APY
4/16 - 0.25% Rate Bump For CD Renewal
3/29 - GTE Financial Has Promo CDs With Unlimited Add-Ons
3/29 - Add-On Promo Certificate 3% 5Yr (Easy & Free Eligibility)
9/7 - GTE Add-On Share Certificate Specials Are Back
7/13 - GTE: 5-Yr. 3.04% APY; 3.30% For Iras; $500 Minimum
6/26 - WARNING - Free Checking Is Changing
10/11/17 - GTE Financial Has Top CD Rates, Nationally Available
8/3/17 - GTE Financial Ups Nationally Available Long-Term CDs
12/3/12 - $100 Checking Account Bonus at GTE Financial - Easy Membership
8/21/07 - 5.64% 12-Month CD at GTE Federal Credit Union - Easy Membership
4/15/06 - 5.38% 12-Month CD at a CU Open to All
Add-Ons Not A Problem
I've added onto the 5 year Add-On CD many times since 2019 without a problem. I've had nothing but excellent service from the GTE reps over that time frame...just my personal experience.
GTE Financial - Ability To Add Beneficiaries Online
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.
They Charge You To Take Your Money
Opened an account with them a number of years ago for a CD special rate. The CD expired and rates were significantly lower, so the money went into savings. After about six months, they started charging inactivity fees. It seems if you don't move money at least twice a year, they consider your account inactive. I got those charges waived, but they charged me to take my money out. $6 for a check or $2 for ACH transfer with a limit of $5000 per ACH transfer. No way around it. I closed my accounts and paid the $6 for a check. I won't be back.
They Took My MINOR SONS MONEY As Overdraft After His Mother Passed Away
They took my MINOR SONS MONEY AFTER HIS MOTHER PASSED AWAY and told me there is nothing they can do to return it. She was the adult signer that is required for a minor child’s account and when she passed away unexpectedly at 39 years old, they used my sons account as an overdraft to cover an automatic debit bill that she had set up. This happened before we were able to get the death certificate and have her accounts closed and my name placed on his account instead of hers. I have been calling, emailing and stopping into the branch for 3 weeks while they dragged this out and keep telling me they are trying but it’s always another department or person that’s not in the branch to look you in the face when they tell you “ Sorry we are unable to return your sons $150 because of right to offset”. How heartless to keep a child’s entire paycheck from his job at the grocery store when he’s got enough to deal with losing his mother. I am beyond disgusted and will be closing all accounts with this cold hearted institution since all they care about is money or profit. How can you tell me somebody, somewhere in this organization won’t do the right thing for a 16 year old boy who had to pay his mothers final bill. Disgusting business practice. Do not give this company any business.
Data as of Q2 2022
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 196 |
| Year Chartered | 1935 |
| Employees | 498 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.85% |
| Return on Equity - YTD | 11.26% |
| Annual Interest Income | $42.6MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2022vs Q2 2021 | $2.85B$2.72B |
| Loans | Q2 2022vs Q2 2021 | $2.21B$1.95B |
| Deposits | Q2 2022vs Q2 2021 | $2.59B$2.47B |
| Equity Capital | Q2 2022vs Q2 2021 | $215.1MM$210.7MM |
| Loan Loss Allowance | Q2 2022vs Q2 2021 | $21.5MM$22.2MM |
| Unbacked Noncurrent Loans | Q2 2022vs Q2 2021 | $10.6MM$12.0MM |
| Real Estate Owned | Q2 2022vs Q2 2021 | $0$3.00K |
