GTE Financial Offers New Credit Builder Loan

TAMPA, Fla., March 12, 2015 /PRNewswire/ -- GTE Financial, one of Florida's largest credit unions, is announcing its Credit Builder loan program to help members establish credit or get a fresh start on their existing credit history.

"Building credit, or recovering from a life event that has left people with poor credit, is not always easy and there aren't a lot of options out there," says Joe Brancucci, president and CEO of GTE Financial. "We've developed the Credit Builder loan program because we know everyone goes through tough times and often need a hand up to recover or get started."

GTE members who have been working at least 20 hours per week continuously for six months may be able to qualify for a Credit Builder loan. Loan funds, in amounts up to $2,500, are held in a savings account and become available as borrowers make payments.      

"We think the Credit Builder loan will help our members see a positive resolution to their credit challenges, whether they want to start from scratch or improve a problematic credit history," says Aaron Bresko, executive vice president of production and resources at GTE Financial.  "This is an important component of our commitment to improve financial literacy in our market areas."

About GTE Financial:

GTE Financial is a not-for-profit financial cooperative with more than $1.8 billion in assets and 21 Community Financial Centers located throughout West Central Florida. Chartered in 1935, GTE Financial is locally owned and operated in the Tampa Bay area, serving more than 228,000 individuals and businesses. More information on GTE Financial can be found at www.gtefinancial.org.  

Media Contact:
Suzie Boland
RFB Communications Group
813-259-0345
[email protected]

SOURCE GTE Financial

Related Links

http://www.gtefinancial.org