MADISON, Wis.—Frank Branca, a board member with Digital FCU in Marlborough, Mass., has been named the 2015 CUES Distinguished Director.
Branca has been a Digital FCU board member since 2002, and serviced as board chair from 2004 through 2014. He served on nine committees, including as chairman of and secretary to the Supervisory Committee.
CUES reported that during Branca’s tenure as chair, Digital FCU experienced significant growth, including increases in assets of 173%, membership of 127%, portfolio loans of 206%, and capital of 254%.
“Under Branca’s leadership, the board encouraged and enabled management and staff to deliver benefits to a rapidly growing number of Digital FCU members. Among them were efforts to increase affordable lending options, assisting members to improve their credit, and helping members start long-term savings and retirement plans,” CUES said. “Branca also championed policies to operate the credit union in a socially responsible manner. The resulting efforts had a positive impact on the community, and included DCU for Kids, a non-profit charitable foundation that has donated over $6 million benefiting children and families; the Annual Memorial Scholarship Program, which grants 35 scholarships each year totaling $50,000 to graduating high school seniors; and the DCU Center for Excellence in Financial Services, to help financial services start-ups.”
The CUES Distinguished Director award is presented to a credit union board or committee member who is a CUES Director or Center for Credit Union Board Excellence (CCUBE) member, and whose achievements have strengthened their credit union. Branca will be honored at CUES’ Directors Conference, Dec. 6-9, Walt Disney World Swan and Dolphin, Walt Disney World Resort, Fla.