Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

Products Archive

Products

Member Driven Technologies Acquires CUsource

 Permanent link
WARREN, Mich. (11/4/13)--Member Driven Technologies (MDT), a Michigan-based credit union service organization (CUSO) that provides information technology services and solutions to credit unions, has acquired Great Falls, Mont.-based CUsource LLC, a provider of data processing, checking, mail, and security services.
 
CUsource will now be known as MDT--Western Operations. Shirley Bailey, CUsource president/CEO, will become senior vice president and general manager, Western Operations.
 
MDT is the largest CUSO serving Symitar's Episys community. Symitar is a provider of core processing solutions for credit unions, supports more than 650 credit unions (including six corporate credit unions) and about 40% of the credit unions with assets exceeding $1 billion with enterprise-wide automation.
 
In the past 10 years, MDT has expanded from five employees and servicing seven credit union clients in Michigan to over 125 people with 88 credit unions under contract in 31 states.  Combining MDT and CUsource will now give MDT a total of five facilities--two Montana locations and three office locations in Michigan, which include a recently opened, state-of-the-art data center.