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.

They Charge You To Take Your Money

Opened an account with them a number of years ago for a CD special rate. The CD expired and rates were significantly lower, so the money went into savings. After about six months, they started charging inactivity fees. It seems if you don't move money at least twice a year, they consider your account inactive. I got those charges waived, but they charged me to take my money out. $6 for a check or $2 for ACH transfer with a limit of $5000 per ACH transfer. No way around it. I closed my accounts and paid the $6 for a check. I won't be back.

GTE Is Horrible

Posted by: |

GTE financial is a horrible institution. I was trying to stop five auto bill payments / stop checks that my deceased husband set up. I was unaware that there would be a fee associated with stopping payments that I never even initiated. Nobody verbally told me about the fee. I called and even went into the branch and no one reversed the fees. They had no empathy or compassion. I have been a customer since 1995 and had 7 accounts with them. A good business model would have been to extend a courtesy and reverse the fees. They have forever lost my business.



Health Grade Components

NCUA #196
Year Chartered1935
Primary Regulator
Profit Margin
Return on Assets - YTD0.9%
Return on Equity - YTD11.31%
Annual Interest Income$80.9MM
Assets and Liabilities
AssetsQ4 2021vs Q4 2020$2.80B$2.51B
LoansQ4 2021vs Q4 2020$1.98B$1.93B
DepositsQ4 2021vs Q4 2020$2.53B$2.27B
Equity CapitalQ4 2021vs Q4 2020$221.8MM$199.6MM
Secondary CapitalQ4 2021vs Q4 2020$2.0MM
Loan Loss AllowanceQ4 2021vs Q4 2020$21.5MM$20.8MM
Unbacked Noncurrent LoansQ4 2021vs Q4 2020$11.2MM$20.8MM
Real Estate OwnedQ4 2021vs Q4 2020$76.00K$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

0.05%$100$500Regular Share Savings
0.05%--HSA Checking
0.05%-$500Early Saver Account
0.01%$10k-IRA Savings

GTE Financial Money Market Rates

0.01%$10k-Money Market
0.01%$10k-High Yield Money Market
0.01%$10k-Business Money Market

GTE Financial Checking Account Rates

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

GTE Financial CD Rates

0.20%$500-60 Month Share Certificate
0.20%$500-Business 60 Month Share Certificate
0.15%$500-36 Month Share Certificate
0.15%$500-48 Month Share Certificate
0.15%$500-Business 36 Month Share Certificate
0.15%$500-Business 48 Month Share Certificate
0.10%$500-30 Month Step Up Share Certificate
0.10%$500-30 Month Share Certificate
0.10%$500-Business 30 Month Share Certificate
0.05%$500-18 Month Share Certificate
0.05%$500-24 Month Share Certificate
0.05%$500-Business 18 Month Share Certificate
0.05%$500-Business 24 Month Share Certificate
0.01%$500-6 Month Share Certificate
0.01%$500-Business 6 Month Share Certificate
0.01%$500-12 Month Share Certificate
0.01%$500-Business 12 Month CD

GTE Financial IRA Rates

0.20%$500-60 Month IRA
0.15%$500-36 Month IRA
0.15%$500-48 Month IRA
0.10%$500-30 Month IRA
0.10%$500-30 Month Step Up IRA
0.05%$500-18 Month IRA
0.05%$500-24 Month IRA
0.01%$500-6 Month IRA
0.01%$500-12 Month IRA


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