Sep, 30, 2025 — GTE FINANCIAL is a federal credit union headquartered in TAMPA, FL with 24 branch locations and about $2.91 billion in total assets. Opened 91 years ago in 1935, GTE FINANCIAL has about 229,159 members and employs 537 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 |
|---|---|
| Address: (Main Office) | 711 E Henderson Ave TAMPA, FL 33602 |
| Phone: | (813) 871-2690 |
| Fax: | |
| Website: | https://www.gtefinancial.org |
| Branches: | 24 branch locations |
| Members: | 229,159 |
| Credit Union Type: | Federal Credit Union |
| Charter Number: | 196 |
|---|---|
| Membership Type: | Multiple common bond - Primarily communications and utilities |
| Corporate Credit Union: | No |
| Year Opened: | 1935 |
| Last Audited: | Dec 01, 2024 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $2,914,499,508 |
| CEO/Manager: | Brian Best |
| Chairperson: | Rick Hagan |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 183,700,863 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 4,430,825 |
| Real Estate Loans | 1,021,889,135 |
| Unsecured Loans | 275,407,802 |
| Other Loans | 1,134,618,809 |
| TOTAL LOANS | 2,432,044,941 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -39,352,655 |
| Land And Building | 33,817,926 |
| Other Fixed Assets | 10,166,882 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 23,701,032 |
| All Other Assets | 1,610,466 |
| TOTAL ASSETS | 2,914,499,508 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,578,453 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 45,444,974 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 44,000,000 |
| Share Drafts | 126,834,880 |
| Regular shares | 1,135,892,894 |
| All Other Shares & Deposits | 1,293,879,479 |
| TOTAL SHARES & DEPOSITS | 2,556,607,253 |
| TOTAL LIABILITIES | 2,647,630,680 |
| Regular Reserve | 0 |
| Other Reserves | 32,457,658 |
| Undivided Earnings | 234,411,170 |
| TOTAL EQUITY | 266,868,828 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 2,914,499,508 |
| INCOME & EXPENSE | |
| Loan Income | 112,224,617 |
| Investment Income | 8,019,901 |
| Other Income | 21,675,670 |
| Total Employee Compensation & Benefits | 48,532,918 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 44,671,302 |
| Non-operating Income & (Expense) | 317,537 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 22,250,000 |
| Cost of Funds | 37,918,771 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 10,180,489 |
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