First New York Federal Credit Union Proudly Welcomes Vik Muktavaram as President and CEO
For Immediate Release
Media Contact: Rich Barger
Call or Text 518-669-2479
richard.barger@firstnewyork.org
Albany, NY — February 9, 2026 — First New York Federal Credit Union is thrilled to announce that Vik Muktavaram has officially assumed the role of President and Chief Executive Officer, becoming the ninth CEO in the credit union’s proud 88‑year history.
Following a seamless and well‑planned leadership transition, Muktavaram has already begun connecting with our team members, meeting members, and diving into strategic initiatives, all signaling a dynamic and exciting new era for First New York.
“We are energized by the momentum Vik brings,” said Brian Krawiecki, Chair of the Board of Directors. “His leadership, expertise, and commitment to the credit union mission make him the right person to guide First New York forward. This transition has been incredibly smooth, and our team is excited for what’s ahead.”
Muktavaram joins First New York after serving as Executive Vice President & Chief Financial Officer at Sunmark Credit Union, where he previously held the role of Chief Risk Officer. His earlier career includes leadership roles in management consulting, including principal-level work at Satori Consulting in New York City and risk leadership in the global financial services sector.
He holds an MBA from Columbia Business School, a Master’s in Computer Science from Oklahoma State University, and a Bachelor’s degree in Chemical Engineering from Osmania University.
“I am honored and excited to join the First New York team,” said Muktavaram. “This credit union has a strong foundation, a dedicated team, and an incredible membership community. Together, we will continue to grow, innovate, and deliver the exceptional service our members expect and deserve.”
First New York thanks recently retired CEO Lucy Halstead for her exceptional leadership and contributions to the credit union’s legacy. The smooth transition reflects both her stewardship and the Board’s commitment to long‑term strategic success.
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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