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
Easy Peasy
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
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.
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
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.
Data as of Q4 2019
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 196 |
| Year Chartered | 1935 |
| Employees | 462 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.84% |
| Return on Equity - YTD | 10.06% |
| Annual Interest Income | $83.7MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q4 2019vs Q4 2018 | $2.21B$2.09B |
| Loans | Q4 2019vs Q4 2018 | $1.68B$1.84B |
| Deposits | Q4 2019vs Q4 2018 | $1.98B$1.80B |
| Equity Capital | Q4 2019vs Q4 2018 | $185.0MM$166.3MM |
| Loan Loss Allowance | Q4 2019vs Q4 2018 | $13.4MM$13.6MM |
| Unbacked Noncurrent Loans | Q4 2019vs Q4 2018 | $19.7MM$20.1MM |
| Real Estate Owned | Q4 2019vs Q4 2018 | $851.00K$1.2MM |
