Municipal CU names Mark A. Ricca as new CEO

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Mark Ricca (photo credit: CU Journal)

Municipal CU in Manhattan has appointed Mark A. Ricca as its next president/CEO. Ricca, who began his new role Monday, has extensive experience in the financial sector as an executive and senior leader at various financial institutions.

“Municipal Credit Union provides a vital service to its members, offering competitive and affordable financial services products,” Ricca said in a statement. “My focus will be providing our members across New York City excellent customer service and competitive financial products that help our members have financial opportunity and security.”

Most recently, Ricca was president/CEO of First American International Bank. Prior to his role there, he held a series of leadership roles at other community banks, including CFO and chief administrative officer at Carver Bancorp; executive vice president and general counsel at New York Community Bank; and senior vice president and general counsel at CFS Bank.

Ricca is a graduate of NYU School of Law as well as St. John’s University School of Law, where he was an American Jurisprudence award recipient. He also holds a bachelor’s degree in economics from the University of Notre Dame.

Former Acting President/CEO Norman Kohn will continue to serve at MCU as the chief credit officer.

MCU is New York’s ninth largest credit union by assets and the largest by members, serving approximately 581,000 members and holding more than $2.9 billion in assets. The credit union operates 22 branches and employs 729 staff members.

“On behalf of New York’s credit unions, it’s my pleasure to welcome Mark A. Ricca to the credit union community,” said New York Credit Union Association President/CEO William J. Mellin. “Mark is someone who brings an extraordinary wealth of experience to MCU, and I know the credit union’s members will be well-served under his leadership.”

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