BIRMINGHAM, Ala. – The Alabama Credit Union League Board of Directors has unanimously approved a $100,000 investment to purchase one Class A share in the Members Development Company, LLC, making the ACUL the first U.S. league to join MDC. Alabama Credit Union League President/CEO Gary Wolter commended the board for approving the investment. This is a great opportunity to place ourselves at the table with the best and the brightest and to help ensure that credit unions continue to have superior products and services to offer their members, said Wolter. MDC is 45% owned by CUNA Mutual Group and 51% by credit unions or CUSOs. Its goal is to provide a unified approach to the development and delivery of outstanding member products and services to help guarantee credit unions are in the lead of emerging trends. The Alabama League Board approved the investment in MDC at a meeting held just prior to the League's 72nd Annual Membership Meeting and Education Symposium April 13-15.
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