MINNEAPOLIS, Minn.–The $1.3-billion Workers’ Credit Union is partnering with MEMBERS Development Company, a CUSO that facilitates collaboration through shared R&D and cost savings among some of the nation’s largest credit unions.
Doug Petersen, Workers’ Credit Union’s President/CEO, said working with MDC and its other owners will translate to tangible benefits for WCU members and, in turn, enrich the communities it serves and local economy.
“Workers’ membership will benefit from the most comprehensive research available for dozens of short-term and long-term projects that coincide with our strategic vision,” Petersen said. “Moreover, the credit union will benefit from joining a professional group of progressive credit union executives dedicated to successfully addressing the common challenges faced by all of us,” he said.
Working together, MDC said it and its owner credit unions envision and implement better ways to do business, enhancing members’ experience and increasing their engagement.
“Our collaborative model saves credit unions considerable time and money, compared with going it alone,” said Jeff Kline, MDC’s Chief Executive Officer. “It also makes for a richer environment to nurture creativity and think through how we do banking.”