MADISON, Wis.--MEMBERS Development Company (MDC), a research and development CUSO, has elected two new board members and new board leadership. The new board members are James Nastars, President and CEO of Meritrust Credit Union in Kansas, and Kyle Markland, COO of Bethpage FCU in New York.
Tom Moore, EVP of BCU in Illinois, has assumed the role of Board Chair after serving for six years as a board member, and as Board Treasurer and Secretary for the past three years. He replaces Chuck Purvis of Coastal FCU in North Carolina, who has served as the MDC Board Chair for the past three years.
“I look forward to continuing to guide MDC in its vision to lead the credit union industry in research, thought leadership, innovation and development driven by its owners,” said Moore. “I’m also very pleased with the newly elected directors and look forward to hearing their valuable input during our discussions, especially as MDC adjusts to the new normal of its recent growth and size.”
Amy Sink, CEO of Interra Credit Union in Indiana, was elected as Board Vice Chair. Sink has served as a board member for four years.
“As a network, MDC now serves over 14 million members and holds over $190 billion in assets. But just two years ago it was only a little more than half of that,” said Sink. “Others are starting to notice who we are, and we certainly plan on punching our weight when negotiating over pilot fees or securing preferred pricing for any of our owners with a proven vendor.”
Kevin Johnson, President and CEO of Suncoast Credit Union in Florida, who has served on the board for two years, is the newly elected Secretary and Treasurer.
“This is an exciting time for MDC, and I’m proud to continue to contribute to its ongoing success,” Johnson said. “The next few years will bring new opportunities and challenges, and the Board looks forward to working closely with staff to map out a new strategic plan for 2020 and beyond. Our strategy will be influenced by both the strength we bring as a group of nearly 70 large credit unions and by the recent work MDC has done to anticipate likely changes in the industry.”
Nastars and Markland replace outgoing board members Angie Owens and Kathy Garner, who led American Airlines Credit Union and Catalyst Corporate FCU, respectively.
“It’s an honor to serve on this board. Having already had some of our staff serving on the advisory teams for MDC projects, Meritrust has gotten a lot of value from our involvement, and we have been able to guide MDC’s work so that deliverables are easily plugged into what we do right here in Wichita. This new board opportunity—and responsibility—to also help guide the success for the organization as a whole is a feather in our cap,” said Nastars.