MDT Appoints Chris Kowal as New Chief Executive Officer

MDT Welcomes Chris Kowal as Their New CEO

MDT, a dedicated partner in the credit union sector, has recently announced a significant change in leadership, as Chris Kowal has been appointed as Chief Executive Officer. This decision marks a pivotal moment for the company as it continues to navigate the complex world of financial technology designed specifically for credit unions.

The Leadership Transition

Replacing Larry Nichols, who is entering retirement after over two decades of guiding the organization, Kowal steps into the role at a time of growth and transformation. His knowledge and experience accumulated over the last 16 years with MDT will undoubtedly serve as an asset to the company’s future strategies. The transition is set to take place at a future date, ensuring a smooth handover of responsibilities.

Board Confidence in Kowal

Patrick Spyke, CEO of LAFCU and board chairman of MDT, expressed his strong belief in Kowal's capabilities: “Chris has played a pivotal role in MDT's success over the past 16 years. As a dynamic Chief Financial Officer, he has consistently exceeded expectations, and the Board has utmost confidence in his leadership.” This statement reflects the trust that the board places in Kowal, who has been instrumental in the company's achievements.

Nichols' Legacy

Reflecting on his time at MDT, Nichols stated, “These past 22 years have been a wonderful ride; together, we have built something special, an organization that truly cares about the credit union community.” His leadership has shaped MDT into a vital resource for credit unions, helping them to come together to share IT costs and resources effectively.

Growth of MDT

Under Nichols' leadership, MDT was established with just five investing credit unions. It has since expanded significantly, now boasting over 100 credit union partners and serving nearly two million members. Kowal's strategic foresight has paved the way for major growth initiatives and corporate financial success during his tenure as CFO.

Kowal’s Vision Forward

Expressing his enthusiasm about leading MDT, Kowal stated, “MDT has an incredibly talented team, strong partners, and a robust client community. I’m energized about what comes next.” He aims to unify MDT’s commitment to client-centricity, along with its comprehensive suite of products to meet the evolving needs of credit unions.

Commitment to the Credit Union Community

MDT stands firmly in its mission to assist credit unions in maintaining their status as institutions of choice. The organization leverages the Symitar core processing system from Jack Henry™, enhancing their technological capabilities. By offering a broad array of solutions, MDT helps credit unions compete and grow in a rapidly changing environment.

Enhancing Service and Technology

With a focus on security and compliance, MDT provides essential consulting services to its credit union clients. Its cloud-based solutions facilitate digital transformation, enabling credit unions to improve efficiencies and enhance member service. This dedication to technological advancement truly positions MDT as a leader in the industry.

For more information on how MDT is helping credit unions, you can visit their website or connect with them on social media. The exciting changes in leadership are just one part of MDT's ongoing commitment to innovation and client support.

Frequently Asked Questions

1. Who is the new CEO of MDT?

Chris Kowal has been appointed as the new Chief Executive Officer of MDT, succeeding Larry Nichols.

2. What leadership role did Chris Kowal hold before becoming CEO?

Before his appointment, Chris Kowal served as the Chief Financial Officer of MDT for 16 years.

3. How long did Larry Nichols lead MDT?

Larry Nichols led MDT for over 22 years, helping establish and grow the organization.

4. What is MDT's primary mission?

MDT's mission is to support credit unions by providing them with financial technology solutions and resources to help them succeed.

5. How many credit unions does MDT currently partner with?

MDT partners with over 100 credit unions across the country, serving nearly two million members.

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