After taking a leave of absence in January as president/CEO of the $1.7 billion GTE Financial Federal Credit Union, Joe Brancucci said he officially retired Wednesday.

“It was a very intense six years, the credit union was challenged when I got there in 2010 and it's been a very stressful six years, and it's time for me to do something else,” the 65-year-old Brancucci said in an exclusive interview with CU Times Wednesday. “Sometimes you just have to take a break.”

Brian Best, GTE Financial's executive vice president and chief experience officer, who was appointed the acting president/CEO, confirmed Brancucci's retirement effective March 9.

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