Corporate Central Welcomes Vikram Israni to Board as Jay Magulski Retires
Corporate Central has announced a leadership transition on its board of directors, marking the retirement of longtime volunteer Director Jay Magulski and the appointment of Vikram (Vic) Israni, CEO of GreenState Credit Union. Israni, who previously served as an Associate Director, was appointed as a Director at the December board meeting and will officially begin his service at the January board meeting.
Jay Magulski, (Ret) President/CEO of Landmark Credit Union.
Magulski has retired after years of dedicated service on Corporate Central’s board, where his leadership and commitment to cooperative principles helped guide the organization through periods of growth and change.
“Jay’s leadership and long-standing commitment to Corporate Central have made a lasting impact on our organization and the members we serve,” said Val Mindak, Board Chair. “We are deeply grateful for his years of service, thoughtful guidance, and dedication to the credit union movement, and we wish him all the best in his retirement.”
Vikram Israni, CEO of GreenState Credit Union.
Israni brings more than 25 years of financial services experience to the board. He has served as CEO of GreenState Credit Union in North Liberty, Iowa since February 2024 and previously held the role of Chief Financial Officer at Wings Credit Union in Apple Valley, Minnesota. His career also includes leadership roles at Bank of America and ATB Financial. Israni holds an MBA from the American Graduate School of International Management – Thunderbird and a Bachelor of Science from St. John’s University.
Recognized for his strategic, values-driven leadership, operational expertise, and strong belief in the cooperative model, Israni was recently featured in IOWA 500, a publication by Corridor Media Group highlighting leaders shaping Iowa’s economy. He currently serves on the board of the Upper Midwest Automated Clearing House Association (UMACHA) and previously served on the boards of the National Automated Clearing House Association (NACHA) and the Credit Union National Association (CUNA) CFO Committee Council.
“Vic brings a wealth of experience and a fresh perspective to our board,” Mindak said. “His proven leadership, strategic insight, and commitment to cooperative values will be invaluable as we continue to guide Corporate Central forward. We are excited to welcome him and look forward to his contributions.”
“I am honored to join Corporate Central’s board and look forward to collaborating with fellow directors to help credit unions thrive,” said Israni. “Corporate Central’s commitment to partnership and member success aligns deeply with my own values.”
To learn more about Corporate Central’s board of directors, visit corpcu.com/corporate-central-team.