Dec, 31, 2023 — GTE FINANCIAL is a federal credit union headquartered in TAMPA, FL with 23 branch locations and about $2.97 billion in total assets. Opened 89 years ago in 1935, GTE FINANCIAL has about 234,483 members and employs 542 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | GTE FINANCIAL |
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Address: (Main Office) | 711 E Henderson Ave TAMPA, FL 33602 |
Phone: | (813) 871-2690 |
Fax: | |
Website: | https://www.gtefinancial.org |
Branches: | 23 branch locations |
Members: | 234,483 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 196 |
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Membership Type: | Multiple common bond - Primarily communications and utilities |
Corporate Credit Union: | No |
Year Opened: | 1935 |
Last Audited: | Dec 01, 2022 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $2,965,261,113 |
CEO/Manager: | Brian Best |
Chairperson: | Rick Hagan |
ASSETS: | $ Amount |
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Cash & Equivalents | 170,490,525 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 100,000 |
Real Estate Loans | 997,429,996 |
Unsecured Loans | 202,748,478 |
Other Loans | 1,242,329,784 |
TOTAL LOANS | 2,442,680,199 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -30,465,763 |
Land And Building | 34,839,863 |
Other Fixed Assets | 8,408,454 |
NCUSIF Deposit | 24,256,693 |
All Other Assets | 1,193,533 |
TOTAL ASSETS | 2,965,261,113 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 1,477,775 |
Notes & Interest Payable | 150,000,000 |
Accounts Payable & Other Liabilities | 38,994,101 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 44,000,000 |
Share Drafts | 144,180,878 |
Regular shares | 1,161,933,819 |
All Other Shares & Deposits | 1,185,610,728 |
TOTAL SHARES & DEPOSITS | 2,491,725,425 |
TOTAL LIABILITIES | 2,726,197,301 |
Regular Reserve | 0 |
Other Reserves | 24,074,604 |
Undivided Earnings | 214,989,208 |
TOTAL EQUITY | 239,063,812 |
TOTAL LIABILITIES, SHARES, & EQUITY | 2,965,261,113 |
INCOME & EXPENSE | |
Loan Income | 117,037,422 |
Investment Income | 14,323,581 |
Other Income | 30,328,592 |
Total Employee Compensation & Benefits | 60,596,441 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 55,180,856 |
Non-operating Income & (Expense) | 380,262 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 10,200,000 |
Cost of Funds | 37,841,380 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 25,840,024 |
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