Challenges become easier when they're shared.

Over the last decade, we've completed many projects that save our owners money, increase their profitability, and make them more attractive to consumers. And through our collaborative approach, we've also realized which ideas weren't worth pursuing for financial or other reasons, saving our owners significant R&D costs. Some successful projects MDC has completed include (scroll down after clicking link):

 

 

Vendor Management

Inspiration:
MDC Owners expressed the need for a solution that would help credit unions streamline their vendor contract processes, ensure NCUA compliance, and offer consistency in the process. 

Solution:
After extensive vendor due diligence, MDC selected Quantivate as a preferred partner. 

Results:
Owners have access to best practices and a detailed matrix that compares pricing, functions and features in great detail and a vendor ranking scorecard created by 12 MDC owner participants.  In addition we have a fully negotiated contract with Quantivate that includes deep pricing discounts, favorable service-level agreement terms (vetted by legal), an MDC revenue share arrangement, and a most-favored-pricing arrangement when up against other credit unions outside of MDC ownership.  Owners shared that if this analysis was completed internally, it would have taken a minimum of 80 hours per credit union. To learn more, please contact Karrie Julian.