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

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.

Easy Peasy

Posted by: |

I had no trouble at all joining GTE online, and opening 2 CD's. They are a bit swamped, so it does take a couple days, but they were very responsive, polite, competent and customer service oriented. Contact was good, they even did a follow up call to make sure everything went as I wanted it to. No problems here, I'd recommend them to anyone. I've dealt with a lot of CU's over the years, and this one really is better than most.



Health Grade Components

NCUA #196
Year Chartered1935
Primary Regulator
Profit Margin
Return on Assets - YTD0.46%
Return on Equity - YTD5.56%
Annual Interest Income$59.5MM
Assets and Liabilities
AssetsQ3 2020vs Q3 2019$2.46B$2.21B
LoansQ3 2020vs Q3 2019$1.88B$1.83B
DepositsQ3 2020vs Q3 2019$2.22B$1.97B
Equity CapitalQ3 2020vs Q3 2019$200.0MM$176.5MM
Loan Loss AllowanceQ3 2020vs Q3 2019$17.1MM$14.4MM
Unbacked Noncurrent LoansQ3 2020vs Q3 2019$20.7MM$19.7MM
Real Estate OwnedQ3 2020vs Q3 2019$0$971.00K
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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

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 (round-up account)

GTE Financial Money Market Rates

0.05%$10k-Money Market
0.05%$10k-High Yield Money Market
0.05%$10k-Business Money Market

GTE Financial Checking Account Rates

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

GTE Financial CD Rates

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

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


Tampa Area

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