Member News

For Immediate Release

Media Contact: Justin Cresswell, CTO
Call or Text 518-598-3917
[email protected]

Albany, NY – First New York Federal Credit Union is pleased to announce the appointment of Vik Muktavaram as its next President and CEO.

Muktavaram, the ninth chief executive in the credit union’s 88-year history, joins First New York following the planned retirement of current President and CEO Lucy Halstead.

Muktavaram is currently the Executive Vice President & Chief Financial Officer at Sunmark Credit Union. He joined Sunmark as the Chief Risk Officer in 2022 and was named Interim Chief Financial Officer in 2024. Prior to joining Sunmark, he was a Principal with Satori Consulting, a New York City-based management consulting firm.  Before that, he served as Chief Risk Officer for Old Mutual Bermuda, an investment management company, and spent over a decade in management consulting.

“Vik’s range of experience and commitment to the credit union movement stood out during our search process,” said Brian Krawiecki, Chair of First New York’s Board of Directors. “First New York has a great team, and we are excited to bring Vik on board as their new leader.”

Muktavaram earned an MBA from Columbia Business School, a master’s degree in computer science from Oklahoma State University, and a bachelor’s in chemical engineering from Osmania University.

About First New York: Founded in 1937, First New York Federal Credit Union is a full-service financial institution providing personal and business banking to consumers and businesses in the Capital Region. First New York offers complete financial services, including checking and savings accounts, auto and home loans, credit cards, online and mobile banking, business services, and commercial and investment services. The Credit Union currently has over $500 million in assets and serves over 38,000 members with full-service branches in Albany, Cobleskill, Glenville, Halfmoon, Niskayuna, North Greenbush, Rotterdam, and Saratoga.

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