GTE CEO Rights a Listing Ship
Hit hard by the recession, Tampa, Fla.-based GTE Federal Credit Union is fighting back.
Joe Brancucci, who took over as president/CEO of GTE in 2010, said that the company was not prepared to deal with the recession. He mentioned that there was a shortage of talent in the organization, there had been merger discussions with Suncoast Schools CU and they weren’t replacing people.
The first six months of 2011 saw a turnaround rise compared to the first six months of 2010 at GTEFCU (see table).