Our credit union network’s multi-million-dollar R&D department. We scan the horizon, research the issues, and create actionable solutions not just to today’s problems, but also tomorrow’s.
By pooling the resources of over 70 credit union and CUSO owners, MDC is able to deliver meaningful solutions efficiently and affordably while also learning the lessons of what doesn’t work—all without exhausting your credit union’s budget for exploration and development.
We also believe that our research must be driven by our owners for our owners. While we do the heavy lifting for them, our credit union owners both advise and participate in our work, making them not just investors but also partners.
The MDC Experience is:
Unique – Our strength comes from the rich experiences, deep insights, and positive energy of those credit unions who share the MDC vision. The more than 70 large credit unions (median assets of $2.16 billion) and credit union service organizations that form our ownership are progressive, proactive, responsive, and forward thinking. They have recognized that credit unions must adapt to an evermore digital and accelerating economy and, more importantly, are making the investments to do so.
Collaborative – MDC owners span the country from Anchorage to Miami and from San Diego to New England. While some of us are neighbors, each of our owners knows that the real competition is the big banks. By working together, they become more than the sum of their parts, and those who are the most engaged with the work we do reap rewards that far outstrip the price tag associated with ownership.
Thought-provoking – We host semi-annual owner meetings that include stimulating content, unique speakers, and the best opportunity the industry offers to network and build relationships with other progressive and innovative people who want to get things done within the cooperative financial sector. Over half our of attendees are C-suite credit union executives!
Innovative – Our annual NextUP program gathers the brightest stars representing both up-and-comers and seasoned performers from our owners to collaborate together on novel solutions to the problems they see on the front lines every day. By inviting each owner to send a representative to NextUP each year, we help each of our owners foster innovation within their ranks and build a network of collaborators across progressive credit unions throughout the country.
Nimble – Having the most owners is not our goal at MDC; it’s having the right owners. By keeping our growth manageable and being selective about whom we partner with, MDC can maintain a clear vision of both what our owners’ needs are and what deliverables will best fulfill them. By keeping the MDC family close-knit, we also ensure that our owner meeting experiences are responsive to what our owners need to learn and talk about and that everyone’s voice is heard.
Our MDC owners represent:
- $265.4 billion in assets
- $175 billion in loans
- $77 billion in mortgages held
- 16.2 million members
- 10.8 million checking accounts
- 41,900 full-time employees
- 1,956 branches
As a group we boast:
- 9.85% capital ratio
- 83.08% loan to share ratio
- 9.78% member growth