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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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.

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.

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.

Can't Believe They Changed Add On Feature Of 5 Year CD's

Posted by: |

I went to a lot of trouble to go to one of their branches in order to open a 5-year CD with an add-on feature at 3% plus. This was part of my long-term retirement income plan. It was not easy to do, the customer service was lacking and disorganized. But I finally managed it. Now, today I get an email saying that they are changing their terms and only allowing $6,000 per year to be added to the CDs. I needed to add a couple hundred thousand over the next five years and it was supposed to be at the higher 3 + percent. I don't understand how banks are allowed to do this. It has totally destroyed my retirement income plan.



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
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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

1.76%*$75k*-Non-Profit Savings
OTHER TIERS: 0.15% $2.5k - $25k | 1.51% $25k - $75k
0.80%*$100k*-IRA Savings
OTHER TIERS: 0.15% $2.5k - $10k | 0.25% $10k - $50k | 0.55% $50k - $100k
0.20%--HSA Checking
0.10%$100-Regular Share Savings

GTE Financial Money Market Rates

1.00%*$100k*-High Yield Money Market
OTHER TIERS: 0.75% $10k - $100k
0.55%*$100k*-Money Market
OTHER TIERS: 0.15% $2.5k - $10k | 0.25% $10k - $50k | 0.35% $50k - $100k
0.55%*$100k*-Business Money Market
OTHER TIERS: 0.15% $2.5k - $10k | 0.25% $10k - $50k | 0.35% $50k - $100k

GTE Financial Checking Account Rates

1.00%-$3kGo Premium with GTE Secure
0.50%*$150k*-Business Interest Checking
OTHER TIERS: 0.15% Up to $50k | 0.25% $50k - $150k

GTE Financial CD Rates

1.87%$500-Business 60 Month Share Certificate
1.76%$500-Business 48 Month Share Certificate
1.66%$500-Business 36 Month Share Certificate
1.56%$500-Business 30 Month Share Certificate
1.51%$500-Business 24 Month Share Certificate
1.36%$500-Business 18 Month Share Certificate
1.11%$500-60 Month Share Certificate
1.11%$500-Business 12 Month CD
1.00%$500-48 Month Share Certificate
0.90%$500-36 Month Share Certificate
0.85%$500-30 Month Share Certificate
0.80%$500-24 Month Share Certificate
0.75%$500-30 Month Step Up Share Certificate
0.75%$500-Business 6 Month Share Certificate
0.60%$500-18 Month Share Certificate
0.50%$500-12 Month Share Certificate
0.40%$500-6 Month Share Certificate

GTE Financial IRA Rates

1.00%$500-60 Month IRA
0.90%$500-48 Month IRA
0.80%$500-36 Month IRA
0.75%$500-30 Month IRA
0.70%$500-24 Month IRA
0.65%$500-30 Month Step Up IRA
0.50%$500-18 Month IRA
0.40%$100$6k12 Month Add-on IRA
0.05%$500-6 Month IRA


Tampa Area

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