GTE Credit Union
- GTE Credit Union
GTE Financial Credit Union, popularly called GTE Financial is a credit union that was established in 1935. This credit union is headquartered in Tampa, Florida. At that time, it was called Peninsular Telephone Employees Credit Union. It was founded to cater for employees of the Peninsular Telephone Company. Later, the name Peninsular was changed to GTE and this was after the merger with Verizon. In 1958, the name of the credit union was changed to GTE Federal Credit Union.
Over the years, GTE Financial has added several services, making it a full-service financial institution. In August 2012, GTE Financial was rebranded to reflect all the services it offers. According to the company, their aim is to lend to, help and support individuals and businesses to reach their financial dreams.
The firm is the 7th largest credit union in Florida and has assets worth $2.03 billion. As at the end of the first quarter of 2018, the firm can boast of 262,538 members. Although the credit union was initially set up to take care of the financial needs of members of the telephone company, membership is currently opened to family members of the employees as well.
However, only members who are still working there can ask their family members to join. If you have worked there in the past and you hold an account in the credit union, you can continue to do so but your family members cannot join since you no longer work at GTE Financial.
The products offered include home loans, checking and savings, insurance, IRAs, share certificates, credit cards, secured loans, youth accounts, and auto loans. They also offer services such as business solutions, and investment guidance.
Frequently Asked Questions
Does GTE Financial have an online banking platform?
Yes, GTE has an online banking platform.
How can I access the online banking platform?
You can visit the credit union’s main website www.gtefinancial.org
Are GTE auto loans available?
Yes. You can get a car, truck, or SUV loan at competitive rates.
What are some benefits of holding a GTE Financial account?
There are several reward packages on loan options for members. When you sign up for a credit card, you will get an introductory reward offer. If you get the GTE Go signature credit card, you get to earn 10,000 reward points if you spend a minimum of $3,000 in the first three months. The points are equivalent to $100. You also get to 1% rewards on every $1 spent. You can also earn points with a home equity that is at least $25,000. You can also refinance a loan you got from a different bank.
You can also win big points if you purchase a new or used vehicle with the GTE Direct Auto Loan. When you set up an automatic loan payment from one GTE account to another, you get to earn points. When you sign up for the Courtesy Pay with your Debit card, you earn points.
There are several reward offers for different account options. There is a reward for people who receive their paycheck early. You can sign up for this offer and when you receive two paychecks early, you get to earn 100 points.
You will also earn 50 points when you make a deposit through the GTE Mobile App for the first time.There are also rewards for members who refer others to get accounts with GTE Financial. Members get $25 for every member they refer.
There are member discounts when members get certain services. When members switch to Sprint, they enjoy a $100 cash reward. Members also enjoy 25% discount when they visit Legoland. You can also shop at discount rates when they use the card at Shop America. You can get access to several retail shops such as Target, Macy’s Apple, and Best Buy with Shop America.
Can a GTE loan help me build my credit?
Yes. There is a GTE credit builder loan that can help you with that. You do not need to make a down payment to get this loan. The requirements are flexible. You need to be at least 18 years old. You also need to be employed for at least 20 hours a week. As at the time you apply for the loan, you should have been at that job for at least 6 months. You can access up to $2,500 as you make payments. Your cash will be held in a savings accounts and it will be made available as you make payments. The APR on the credit builder loan is 9.99%.You can opt for a secured credit card to help you to build your credit score. The APR on this card is 17.99%. The loan amount ranges from $1,000 to $3,500. There is no annual fee when you sign up for this card. You also get to enjoy zero liability for unauthorized charges. You are also covered in events of fraud. If you make payments on time, GTE financial will refund 1% of the money you paid as interest rates. This card attracts a cash advance fee that ranges from 3% to 6%. There is a 3% to 6% cash advance fee as well. You also attract a fee of 1% when you do foreign transactions
Are there unsecured credit card options?
Yes. These cards are available for people who have an already established credit.