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

7% On One Year CD At GTE - 1/9/2024

To get this deal you must overcome two aspects you possibly might not like: First, it's a one year CD deal. That might not be the best term choice for you right now. This is a matter of personal opinion and preference. Second, you will need to fund the CD with a credit card offering a 2% reward which does not treat the transaction as a cash advance and which does treat the transaction as a purchase. Such credit cards exist, I can promise you that. Other aspects of deal: The 2% portion of your return, which is in the form of a credit card reward, is unlikely to be taxed. The 5% APY CD itself may be opened for as little as $500 if you just want to experiment and "dip your toe into the water" to see how things go before making a larger commitment later. Many people believe interest rates generally will be lower one year hence. Nevertheless, a 7% return on one year money is a respectable rate of interest.

GTE Financial Rates As Of 11-3-2023 - 11/6/2023

They bumped up the lower terms and lowered the rates on all longer terms. GTE is of course known for their liberal credit card funding. Term Dividend Rate APY* 6 months 2.25% 2.27% 12 months 5.00% 5.12% 18 months 4.25% 4.33% 24 months 3.45% 3.51% 30 months 3.25% 3.30% 30 months Bump Up** 3.35%** 3.40%** 36 months 3.20% 3.25% 48 months 3.25% 3.14% 60 months 3.00% 3.04% ** - one bump up in the term after the sixth month Jumbo ($100k+) Term Dividend Rate APY* 6 months 2.50% 2.53% 12 months 5.25% 5.38% 18 months 4.50% 4.59% 24 months 3.70% 3.76% 30 months 3.50% 3.56% 36 months 3.45% 3.51% 48 months 3.35% 3.40% 60 months 3.25% 3.30%


Well, with the turning of a page on the 2023 calendar GTE Financial rates take a hit!

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Great Customer Service

Posted by: |

Highly competitive CD rates and great customer service.
Just renewed my CDs for another 4 and 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.

Great Rates, Hard Credit Pulls, Fees Galore, Etc.

Posted by: |

My wife and I established a $100k 5% CD with GTE on 6/7/2023! Pretty good rate at the time! In order to fund the CD we had to establish GTE share accounts to wire the money, according to their Customer Service Rep! Anyway here is a summary of things to watch out for from GTE!

1) GTE does a hard credit pull to open up share accounts, etc.
2) GTE charges various nickle and dime fees, one is a so called inactivity fee if no activity within 6 months! Doesn't matter is you have any CD's with them!
3) GTE's customer service in opening an account is decent! However, once the account is opened, it's hard to get any response or contact anyone! The reply I got when requesting the $10 inactivity fee to be reversed was, "The inactivity fee was "avoidable" by depositing, withdrawing, etc. from the share account! Yes! It might have been avoidable if you provided advanced warning! So now we're going to have to make a "nuisance" transaction every 6 months to avoid a nickle and dime fee while GTE has 100K of our funds available to make loans with? The rate way above any interest they will be paying us! However, doing a one time reversal of a $10 fee in the name of customer service goodwill is somehow to be avoided?

In summary, once our CD matures, we are gone from GTE for good, no matter what rates they have for CD's!

I should have looked at BBB where GTE is listed as non-affiliated with the BBB with a D- to F ratings!

Caveat Emptor! LOL

They Do Not Answer Their Phones Or Emails!

Posted by: |

Could you please answer your phones? Could you please respond to email? Please? Pretty please?
Is anyone there?

Two hours later I received 2 e-mails. Thank you and DA!



Health Grade Components

NCUA #196
Year Chartered1935
Primary Regulator
Profit Margin
Return on Assets - YTD0.88%
Return on Equity - YTD10.81%
Annual Interest Income$131.4MM
Assets and Liabilities
AssetsQ4 2023vs Q4 2022$2.97B$2.89B
LoansQ4 2023vs Q4 2022$2.44B$2.33B
DepositsQ4 2023vs Q4 2022$2.49B$2.47B
Equity CapitalQ4 2023vs Q4 2022$239.1MM$230.4MM
Loan Loss AllowanceQ4 2023vs Q4 2022$30.5MM$16.3MM
Unbacked Noncurrent LoansQ4 2023vs Q4 2022$21.6MM$15.7MM
Real Estate OwnedQ4 2023vs Q4 2022$0$0
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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

1.57%*$250k*-IRA Savings
OTHER TIERS: 0.40% Up to $2.5k | 0.50% $2.5k - $10k | 0.65% $10k - $50k | 0.80% $50k - $100k | 1.06% $100k - $250k
0.75%*$100*$500Regular Share Savings
OTHER TIERS: 0.15% $500+
0.05%--Health Savings Account
0.05%--Early Saver Account

GTE Financial Money Market Rates

1.57%*$250k*-Money Market
OTHER TIERS: 0.40% Up to $2.5k | 0.50% $2.5k - $10k | 0.65% $10k - $50k | 0.80% $50k - $100k | 1.06% $100k - $250k
1.57%*$250k*-Business Money Market
OTHER TIERS: 0.40% Up to $2.5k | 0.50% $2.5k - $10k | 0.65% $10k - $50k | 0.80% $50k - $100k | 1.06% $100k - $250k

GTE Financial Checking Account Rates

3.04%-$3kGo Premium with GTE Secure
0.45%*$100k*-Business Nonprofit Checking
OTHER TIERS: 0.05% Up to $2.5k | 0.15% $2.5k - $50k | 0.25% $50k - $100k
0.15%*$150k*-Business Dividend Checking
OTHER TIERS: 0.05% Up to $50k | 0.10% $50k - $150k

GTE Financial CD Rates

5.38%$100k-12 Month Jumbo Share Certificate
5.38%$100k-Business 12 Month Jumbo Share Certificate
5.12%$500-12 Month Share Certificate
5.12%$500-Business 12 Month Share Certificate
4.59%$100k-18 Month Jumbo Share Certificate
4.59%$100k-Business 18 Month Jumbo Share Certificate
4.33%$500-18 Month Share Certificate
4.33%$500-Business 18 Month Share Certificate
3.76%$100k-24 Month Jumbo Share Certificate
3.76%$100k-Business 24 Month Jumbo Share Certificate
3.56%$100k-30 Month Jumbo Share Certificate
3.56%$100k-Business 30 Month Jumbo Share Certificate
3.51%$500-24 Month Share Certificate
3.51%$500-Business 24 Month Share Certificate
3.51%$100k-36 Month Jumbo Share Certificate
3.51%$100k-Business 36 Month Jumbo Share Certificate
3.40%$100k-48 Month Jumbo Share Certificate
3.40%$500-30 Month Bump Up Share Certificate
3.40%$100k-Business 48 Month Jumbo Share Certificate
3.30%$500-30 Month Share Certificate
3.30%$500-Business 30 Month Share Certificate
3.30%$100k-60 Month Jumbo Share Certificate
3.30%$100k-Business 60 Month Jumbo Share Certificate
3.25%$500-36 Month Share Certificate
3.25%$500-Business 36 Month Share Certificate
3.14%$500-48 Month Share Certificate
3.14%$500-Business 48 Month Share Certificate
3.04%$500-60 Month Share Certificate
3.04%$500-Business 60 Month Share Certificate
2.53%$100k-6 Month Jumbo Share Certificate
2.53%$100k-Business 6 Month Jumbo Share Certificate
2.27%$500-6 Month Share Certificate
2.27%$500-Business 6 Month Share Certificate

GTE Financial IRA Rates

5.38%$100k-12 Month Jumbo IRA
5.12%$500-12 Month IRA
4.59%$100k-18 Month Jumbo IRA
4.33%$500-18 Month IRA
3.76%$100k-24 Month Jumbo IRA
3.56%$100k-30 Month Jumbo IRA
3.51%$500-24 Month IRA
3.51%$100k-36 Month Jumbo IRA
3.40%$100k-48 Month Jumbo IRA
3.40%$500-30 Month Bump Up IRA.
3.30%$500-30 Month IRA
3.30%$100k-60 Month Jumbo IRA
3.25%$500-36 Month IRA
3.14%$500-48 Month IRA
3.04%$500-60 Month IRA
2.53%$100k-6 Month Jumbo IRA
2.27%$500-6 Month IRA


Tampa Area

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The financial institution, product, and APY (Annual Percentage Yield) data displayed on this website is gathered from various sources and may not reflect all of the offers available in your region. Although we strive to provide the most accurate data possible, we cannot guarantee its accuracy. The content displayed is for general information purposes only; always verify account details and availability with the financial institution before opening an account. Contact [email protected] to report inaccurate info or to request offers be included in this website. We are not affiliated with the financial institutions included in this website.