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
Great Customer Service
Highly competitive CD rates and great customer service.
Just renewed my CDs for another 4 and 5 years.
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.
Don't Use Them For Car Loans
I switched from online banking to getting a statement mailed to me. The closing date was the end of the month and as of today, 6/8/2025, I have not received the statement. Since the due date is 6/15, I am forced to improvise a payment from their website to send in. I was also given incorrect information about receiving mailed statements when the car loan was initiated. I have never seen a statement take so long to arrive that I have to go to these lengths to avoid a late payment fee. Rest assured that I will be ending my relationship with them as soon as I can and will never use their services again for anything.
Add-Ons Not A Problem
I've added onto the 5 year Add-On CD many times since 2019 without a problem. I've had nothing but excellent service from the GTE reps over that time frame...just my personal experience.
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 196 |
| Year Chartered | 1935 |
| Employees | 510 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.24% |
| Return on Equity - YTD | 2.84% |
| Annual Interest Income | $39.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $2.96B$2.96B |
| Loans | Q1 2025vs Q1 2024 | $2.49B$2.39B |
| Deposits | Q1 2025vs Q1 2024 | $2.62B$2.53B |
| Equity Capital | Q1 2025vs Q1 2024 | $254.8MM$239.8MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $36.7MM$28.8MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $19.7MM$16MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $0$0 |
