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Municipal Credit Union Holds Annual Meeting
New York's largest credit union reports on 2025 performance and announces board leadership changes.
Apr. 3, 2026 at 1:51pm
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A meticulously arranged still life captures the formal proceedings and financial oversight of MCU's annual meeting.NYC TodayMunicipal Credit Union (MCU), the largest credit union in the New York metro area, held its annual membership meeting on March 25, 2026. During the meeting, MCU's prior-year audited financials and 2025 annual report were presented to members. The credit union's CEO and Board Chair highlighted MCU's mission-driven efforts to strengthen the organization, expand access, and serve its 631,000 members. Following the meeting, the Board elected new leadership, including a new Board member and Supervisory Committee member.
Why it matters
As a major financial institution serving municipal employees, first responders, and other New Yorkers, MCU's annual meeting provides insight into the credit union's financial health, strategic priorities, and governance. The changes to MCU's board and committees signal an evolution in the organization's leadership and potential future direction.
The details
During the annual meeting, MCU's CEO Kyle Markland and Board Chair Thomas Canty reported on the credit union's performance in 2025. They noted that MCU remained focused on its mission to help New Yorkers build better financial futures, strengthening the organization and expanding access to services for its 631,000 members. Following the meeting, the Board elected new leadership, including Deborah Silodor as a new Board member and A'isha Torrence as a new Supervisory Committee member.
- MCU held its 2026 annual membership meeting on March 25th.
- The Board met in a formal session following the Annual Meeting to choose leadership for the next year.
The players
Municipal Credit Union (MCU)
The largest credit union in the New York metro area, established in 1916 and providing a full range of financial services to municipal employees, police officers, firefighters, teachers, health care workers, and others.
Kyle Markland
Chief Executive Officer of Municipal Credit Union.
Thomas Canty
Chair of the MCU Board.
Deborah Silodor
New member elected to the MCU Board, a banking executive and legal professional.
A'isha Torrence
New member appointed to the MCU Supervisory Committee, a CPA and nonprofit executive.
What they’re saying
“Guided by our mission to help hardworking New Yorkers build better financial futures, we delivered on our commitments. We strengthened our organization, expanded access, and continued to serve our 631,000 members with purpose.”
— Kyle Markland, Chief Executive Officer, MCU
“Throughout the year, we remained actively engaged in overseeing strategic priorities that promote long-term stability, strengthen operations, and enhance the services available to our members.”
— Thomas Canty, Chair of the MCU Board
The takeaway
MCU's annual meeting highlights the credit union's commitment to serving its diverse New York City membership, with a focus on financial stability, operational strength, and expanding access to services. The changes to the Board and Supervisory Committee signal an evolution in MCU's leadership that could shape the organization's future direction and priorities.
