Sandia Area Federal Credit Union in Albuquerque, New Mexico, has named Kevin Todd as its next CEO, effective Dec. 1, according to a press release.
Todd will replace Paula Peknik, who will retire after a 38-year career with the $1.1 billion-asset credit union.
Todd, who is currently Sandia Area's chief financial officer, joined the credit union in 2014 following five years in public accounting working as a CPA.
Peknik rose through the ranks in operations and lending and held a variety of leadership positions including executive vice president and chief operating officer. She took over the CEO role in early 2020.
"It has been a privilege to lead Sandia Area and I'm extremely proud to have served this amazing organization for almost four decades," Peknik said in the press release. "We have come so far from the $53 million, single-branch credit union we were when I began my career. Our success is the result of our outstanding team and a strong commitment to our members and communities."
Sandia Area FCU earned $5.1 million in the first six months of 2022, a 4% increase compared to a year earlier, according to call report data from the National Credit Union Administration.
