GTE Financial
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 2.00% | Reward Checking | Go Premium with GTE Secure 2.00% - National Average |
| 3.04% | 5-year CD | 60 Month Promotional Share Certificate |
| 2.53% | 1-year CD | 12 Month Add-on Promotional Share Certificate 2.45% - Synchrony Bank 12 Month CD |
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
7/13 - GTE: 5-Yr. 3.04% APY; 3.30% For Iras; $500 Minimum
6/26 - WARNING - Free Checking Is Changing
Great Credit Union
GTE has been the best experience that I have had with a checking account. One time, I had my debit card compromised and the customer service was very helpful to cancel my card and get me a new one. I also didn't have any problems getting the money returned to me as they found that it was definite fraud. The credit union also has minimum fees. I have only been charged a fee a couple of times and that was of my own fault. Overall, because of the outstanding customer support and the ability to fix problems if they arise, I would completely recommend GTE.
Phenomenal Customer Service For New Account
I just had one of the BEST Customer Service experiences EVER while opening a new account at GTE Financial. Not only was their website a joy to navigate (unlike most others I've dealt with), the phone support I needed (having recently frozen my credit reports at all major bureau's) was superb. Service Rep walked me (by phone) through every convoluted step required to temporarily unlock my credit freezes. I haven't had such a positive experience at a financial institution in years! And their current CD rates are the icing on the cake!
Good service and convenience.
I have been a member of GTE Financial since 2014. I set up direct deposit with them through my new job in 2014, and have been pleased by their service and convenience. They do not have many locations, but one is a 30 second walk from my office and has a 24 hour ATM. In addition it is staffed by students who have great customer skills and greet me every time. There was one issue where I had difficulty depositing larger sums of cash ($300-500), due to rent money from a tenant, but it was resolved in less than a day. As a credit union, I have access to my checking account through multiple ATMS in 7-11 convenience stores which I use often. I cannot deposit checks (or cash) through those non-GTE financial ATMs, but they do have a deposit-on-the-go APP, so I can take a picture of the check to deposit and it goes right in. Their savings requirement is only $5- which is also nice.I really only use them for checking purposes and never had any major problems so far!
Watch Those Fees
Just realized today that the CD special ends friday. Got money moved around, and made a deposit via the shared branch. Then I got hit with a $3 fee for using the shared branch.
Free checking, as long as you buy checks.
Going to have to spend some time to discover other fees that may show up. I agree with ENDUSER, great rates but lots of gotchas. Watch out. I do not recommend them unless you are gong to have huge CDs to make up for the fees.
HSA - fees. IRA - fees. Want basic checks - $$. External transfer - $$
AND watch out for 6 months on dormancy.
I think there is a charge for coming, and going.
Data as of Q2 2018
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 196 |
| Year Chartered | 1935 |
| Employees | 463 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.4% |
| Return on Equity - YTD | 5.24% |
| Annual Interest Income | $35.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2018vs Q2 2017 | $2.03B$1.88B |
| Loans | Q2 2018vs Q2 2017 | $1.76B$1.61B |
| Deposits | Q2 2018vs Q2 2017 | $1.85B$1.71B |
| Equity Capital | Q2 2018vs Q2 2017 | $156.8MM$145.6MM |
| Loan Loss Allowance | Q2 2018vs Q2 2017 | $15.9MM$14.7MM |
| Unbacked Noncurrent Loans | Q2 2018vs Q2 2017 | $24.3MM$19.9MM |
| Real Estate Owned | Q2 2018vs Q2 2017 | $182.00K$584.00K |
This section lists recent deals, promotions and rate changes submitted by our community within the past 90 days. Always verify official rates and promotions with the bank or credit union.
GTE Add-On Share Certificate Specials Are Back
https://www.gtefinancial.org/for-members/current-offers/share-certificate-special/share-certificate-special
GTE: 5-Yr. 3.04% APY; 3.30% For Iras; $500 Minimum
https://www.gtefinancial.org/for-members/current-offers/share-certificate-special
more info at https://www.gtefinancial.org/for-members/current-offers/share-certificate-special/share-certificate-special-faq
WARNING - Free Checking Is Changing
They do not say you must either authorize this change, else the account will be closed (free checking is being discontinued). They will do this "upgrade and charging" to you based on your taking NO ACTION to their notice.
SO .... I had to call, go through 15 minutes of verification, and then tell them to close the checking account.
Maybe just me, but I do not appreciate a charge happening because they changed terms and conditions unilaterally without my by in. Sure, they have a right to make the change, but NO ACTION should mean to close the account unless I opt in, not to automatically start charging me.
I have a large CD with them, but they ARE NOT user friendly, and I will be closing my account when my CD matures.
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
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.99%* | - | $500 | Early Saver Account | ||
| OTHER TIERS: 0.10% → $500+ | |||||
| 0.40% | - | - | HSA Checking | ||
| 0.25%* | $50k* | - | IRA Savings | ||
| OTHER TIERS: 0.15% → $2.5k - $10k | 0.20% → $10k - $50k | |||||
| 0.10% | $100 | - | Regular Share Savings | ||
| 0.10% | $100 | - | Special Savings Account | ||
GTE Financial Money Market Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 0.25%* | $50k* | - | Money Market | ||
| OTHER TIERS: 0.15% → $2.5k - $10k | 0.20% → $10k - $50k | |||||
| 0.25%* | $50k* | $100k | Business Money Market | ||
| OTHER TIERS: 0.15% → $2.5k - $10k | 0.20% → $10k - $50k | |||||
GTE Financial Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.00% | - | $3k | Go Premium with GTE Secure | |
| 0.15% | - | - | Business Interest Checking |
GTE Financial CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 3.04%* | $100k* | - | 30 Month Add-on Promotional Share Certificate | ||
| OTHER TIERS: 2.78% → $500 - $100k | |||||
| 3.04% | $500 | - | 60 Month Promotional Share Certificate | ||
| 2.94%* | $100k* | - | 24 Month Add-on Promotional Share Certificate | ||
| OTHER TIERS: 2.68% → $500 - $100k | |||||
| 2.78%* | $100k* | - | 18 Month Add-on Promotional Share Certificate | ||
| OTHER TIERS: 2.53% → $500 - $100k | |||||
| 2.53%* | $100k* | - | 12 Month Add-on Promotional Share Certificate | ||
| OTHER TIERS: 2.27% → $500 - $100k | |||||
| 1.51%* | $100k* | - | 6 Month Add-on Promotional Share Certificate | ||
| OTHER TIERS: 1.26% → $500 - $100k | |||||
GTE Financial IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 3.04%* | $100k* | - | 30 Month Add-on Promotional IRA Certificate | ||
| OTHER TIERS: 2.78% → $500 - $100k | |||||
| 3.04% | $500 | - | 60 Month Promotional IRA Certificate | ||
| 2.94%* | $100k* | - | 24 Month Add-on Promotional IRA Certificate | ||
| OTHER TIERS: 2.68% → $500 - $100k | |||||
| 2.78%* | $100k* | - | 18 Month Add-on Promotional IRA Certificate | ||
| OTHER TIERS: 2.53% → $500 - $100k | |||||
| 2.58% | $500 | - | 60 Month IRA Certificate | ||
| 2.53%* | $100k* | - | 12 Month Add-on Promotional IRA Certificate | ||
| OTHER TIERS: 2.27% → $500 - $100k | |||||
| 2.27% | $500 | - | 48 Month IRA Certificate | ||
| 2.02% | $500 | - | 36 Month IRA Certificate | ||
| 1.76% | $500 | - | 30 Month IRA Certificate | ||
| 1.71% | $500 | - | 24 Month IRA Certificate | ||
| 1.66% | $500 | - | 30 Month Step Up IRA Certificate | ||
| 1.56% | $500 | - | 18 Month IRA Certificate | ||
| 1.51%* | $100k* | - | 6 Month Add-on Promotional IRA Certificate | ||
| OTHER TIERS: 1.26% → $500 - $100k | |||||
| 1.26% | $100 | $6k | 12 Month Add-on IRA Certificate | ||
| 1.06% | $500 | - | 6 Month IRA Certificate | ||
