Visionary Leader Jeff Kline to Retire as MDC CEO, Leaving a Legacy of Innovation and Collaboration
17 Julio 2024 - 10:13AM
Business Wire
Chief Executive Officer Jeff Kline is to retire in May 2025
after a 40-year distinguished career, including 17 years as CEO
Members Development Company (MDC) has announced that Jeff Kline
will retire as CEO effective May 2025 after a distinguished tenure
marked by significant growth and innovation.
Kline joined MDC in 2007, and under his leadership, the
company's research and development efforts have tripled in asset
size, substantially expanded its credit union owner base, and
facilitated groundbreaking collaboration between fintech’s and
credit unions, paving the way for unprecedented investment
opportunities within the industry.
During his tenure, Kline has led innovative research
initiatives, advocated for expanded governmental powers for credit
unions and CUSOs, and co-founded numerous credit union system
partners integral to the industry's current landscape.
On his decision to retire as CEO, Kline said, "After four
decades in the credit union industry, with the last 17 incredible
years leading MDC, I am immensely proud of what MDC and our owners
have achieved together. With great confidence in the strong
foundation we have built for continued success, I'm inspired by the
bright future that lies ahead for MDC. Our talented team,
innovative spirit, and unwavering commitment to owners ensure that
the best is yet to come."
"Throughout Jeff Kline's tenure, his visionary leadership and
unwavering dedication have propelled MDC to new heights," said
Kevin Johnson, MDC Board Chairman and Suncoast Credit Union, CEO.
"Jeff's commitment to innovation and excellence has driven
organizational and owner success and positively impacted the credit
union industry. We are profoundly grateful for Jeff's
contributions, and his legacy will continue to shape our future as
we build on the strong foundation he has established."
Rodney Hood, Chairman of the National Credit Union
Administration, added, "Jeff Kline's impact on the credit union
industry is immeasurable. His leadership at MDC has set a high
standard for innovation and collaboration. His legacy will
undoubtedly continue to inspire future leaders in the
industry."
Kline's career in the credit union system spans over three
decades, marked by his roles as a pioneer, industry advocate, CEO,
board member, and innovator. A Certified Public Accountant (CPA),
Kline currently serves on the boards of CU NextGen and Curql
Collective. He was a member of the first class to graduate from the
CUES CEO Institute and was part of the inaugural class of Filene
Research Institute's i3 program. Kline will remain in his role
through May 2025.
In preparation for Jeff’s retirement, the MDC Board of Directors
has initiated a comprehensive process to select a new CEO,
partnering with Modern Executive Solutions.
About Members Development Company
MDC is the credit union network’s multi-million-dollar R&D
department. We scan the horizon, research the issues, and create
actionable solutions to solve problems for today – and tomorrow. By
pooling the resources of 80+ credit union and CUSO owners, MDC
delivers meaningful solutions efficiently and affordably. We learn
the lessons of what does and doesn’t work — without exhausting our
owners’ budgets and resources for exploration and development. We
also believe that our research must be driven by our owners, for
our owners. While we do the heavy lifting, our credit union and
CUSO owners both advise and participate in our innovative work not
just investors, but as trusted partners.
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Barbara E. Martin barbara@williammills.com (678) 781-7209