The Wisconsin Credit Union League and Mazuma Credit Union's CUSO CU Holding Co. LLC are the latest to join MEMBERS Development Co. LLC, a coalition designed to help create new member products and services.
Among the MDC's completed initiatives are helping to create MEMBERS Trust Co., the development of a health savings account financial model with ISI, a research company, and the Procura corporate purchase card. The company is also currently working on projects involving online financial planning and relationship pricing models.
The development company's activities are directed by an eleven member board, eight of whom are elected by its credit union, CUSO, corporate and league owners, according to MDC's Web site. MDC currently has more than 60 owners, which represent 12% of total CU membership, and 16% of all CU assets.