LAFCU CEO Patrick Spyke elected board chair of technology provider
LANSING, Mich. — LAFCU CEO Patrick Spyke has been elected chair of the board of directors for Member Driven Technologies. MDT provides technology services to more than 100 U.S. credit unions, cumulatively representing nearly 2 million members and more than $26 billion in assets.
The Farmington Hills-based credit union service organization, or CUSO, hosts the Episys core platform from Symitar, as well as dozens of seamlessly integrated solutions and supporting services to help run the entire institution, including digital banking, payments, lending, cybersecurity, and check processing and imaging. LAFCU is one of MDT’s four credit union owners.
“Pat is an exceptional leader who is passionate about using technology to advance member service and increase efficiencies,” said Larry Nichols, MDT president, and CEO. “His guidance and counsel will help MDT deliver the modern, secure technology and services needed to successfully support our credit unions for years to come.”
Spyke believes MDT's success is the result of both leading technology and cooperation.
“Technology is increasingly impacting the member experience,” Spyke said. “MDT enables credit unions to better compete with the myriad financial institutions while sharing cost of its technology with all MDT credit union clients.
“MDT is a way for credit unions to benefit from their cooperative nature. We are stronger when we work cooperatively; and when we work together, there is no telling what we can achieve.”
Technology is an area Spyke has tenaciously leveraged to benefit LAFCU members throughout his 30 years at the Lansing-based credit union. He was promoted to CEO in 2016. Four years later, LAFCU was named a Best Credit Union to Work For by Credit Union Journal. Today, the credit union employs approximately 150 and serves more than 70,000 people and businesses throughout Michigan.
About Member Driven Technologies
Member Driven Technologies provides a private cloud alternative for core processing and IT needs. The credit union service organization hosts the Episys core platform from Symitar, as well as dozens of seamlessly integrated solutions and supporting services to help run the entire institution, such as digital banking, payments, lending, cybersecurity, and imaging. Rounding out its comprehensive suite, MDT also offers business continuity, disaster recovery, and regulatory solutions as well as consulting, data analytics, email hosting, and hardware purchasing services. By partnering with MDT, credit unions across the country are boosting efficiencies, enhancing security, and reducing costs while maintaining a high level of control. Visit www.mdtmi.com or follow @memberdriven on Twitter for more information.
Chartered in 1936, LAFCU is a not-for-profit financial cooperative open for membership to anyone who lives, works, worships, or attends school in Michigan and to businesses and other entities located in Michigan. The credit union serves more than 70,000 members and holds $949 million in assets. It was named a Best Credit Union to Work For in 2020. LAFCU offers a comprehensive range of financial products and services as well as an expanding complement of financial technology solutions. Members enjoy benefits such as low fees, low interest rates on loans, high yields on savings, discounts, knowledgeable employees, and nationwide access to fee-free ATMs. A recipient of the national Dora Maxwell Social Responsibility Community Service Award for credit unions, LAFCU enriches the communities it serves by supporting many organizations and causes. To learn more about LAFCU, call 800.748.0228 or visit www.lafcu.com.
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