What Members Development Company does

Members Development Company, operating as Circuit, is a credit-union-owned collaborative innovation platform established in 2000 and headquartered in Kansas City, USA. The company operates as an LLC structured around its owner credit unions, with 80+ mid-to-large credit unions participating as both customers and owners of the cooperative. Circuit's core product is a shared R&D and innovation network that pools insight, risk, and learning across 51M+ members representing $382B+ in combined assets, enabling credit unions to evaluate and adopt emerging technologies they could not resource individually.

The platform encompasses four interconnected offerings: the Circuit collaborative innovation platform itself, AI Studio (a shared AI infrastructure space for cross-credit-union collaboration on applied generative AI use cases), the Stablecoin and Tokenized Deposits Consortium (a national initiative examining tokenized deposit use cases across liquidity, operations, technology, and regulatory readiness), and the Circuit Accelerator (a program giving fintechs access to pilots, validation, and integration pathways into the owner network). Distribution is direct to enterprise credit unions plus fintechs via the accelerator, with engagement channels including an owner portal (MDC Connect) and LinkedIn.

The business model is subscription/membership-recurring, monetized through owner credit-union membership fees in exchange for shared R&D, industry insight, peer-network access, and program participation. Strategic partner and fintech segments are secondary revenue/conduit channels rather than primary paying customers. Headcount is 11-50 employees, consistent with a lean operating model that outsources much of the innovation exploration to its member network.

Name

Members Development Company

Legal name

Members Development Company, LLC

Website

https://membersdevelopment.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

Members Development Company (DBA Circuit) is a credit-union-owned collaborative innovation platform serving 80+ owner credit unions and 51M+ members with shared R&D, AI infrastructure, fintech acceleration, and emerging-tech consortiums.

Ownership category

akta.pro rank

Product category

Credit Union Innovation Network

NAICS

Management of Companies and Enterprises (55111), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Services-Membership Organizations (8600)

akta.pro primary industry

Corporate Strategic Partnership & Ecosystem Investment Arms (FSANAHAF)

akta.pro secondary industries

Corporate Innovation & Technology Scouting Units (with investment mandate) (FSANAHAI), Joint Venture CVC / Consortium Funds (Multi-corporate) (FSANAHAE)

Keywords

• Credit union innovation
• Collaborative R&D network
• Fintech accelerator program
• AI infrastructure consortium
• Tokenized deposits

Headquarters

HQ city

Kansas City

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Others

Revenue model

1. Owner Membership/Collaboration: Circuit operates as a collaborative innovation network with 80+ owner credit unions. The network pools insight, risk, and learning to explore emerging technologies and shape solutions. Revenue appears to come from owner membership fees in exchange for shared R&D, industry insight, and peer network access.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Members Development Company operates Circuit, a credit union innovation network that pools insight, R&D, and risk across 80+ owner credit unions to explore emerging technologies and deploy shared solutions. Core offerings include shared R&D, the AI Studio (collaborative AI infrastructure), the Circuit Accelerator (fintech pilot and validation program), and the Stablecoin and Tokenized Deposits Consortium.

Product overview

Members Development Company operates Circuit as a unified collaborative innovation platform. Circuit serves as the central hub, bringing together 80+ credit union owners to pool R&D insight, access emerging technologies, and deploy strategic solutions at scale. The portfolio includes AI Studio (a shared AI infrastructure module enabling cross-credit-union collaboration on applied use cases), the Stablecoin and Tokenized Deposits Consortium (a national initiative for exploring tokenized deposit use cases), and the Circuit Accelerator (a fintech engagement program providing pilots, validation, and integration pathways). These offerings are designed to work together within the Circuit ecosystem to serve mid-to-large credit unions seeking to scale innovation.

Differentiator

Problem solved

Functional benefit

Brands

• Circuit Accelerator: A program through which fintechs gain access to pilots, validation, and integration pathways to turn strong ideas into scalable solutions for credit unions.
• AI Studio
• Stablecoin and Tokenized Deposits Consortium

Products and services

• Circuit A collaborative innovation platform and network that brings together credit unions to pool insight, explore emerging technologies, and build shared solutions. Serves as the central hub connecting 80+ owner credit unions, fintech partners, and strategic providers through shared R&D, peer collaboration, and adoption support.
• AI Studio A shared collaborative space providing credit unions with common AI infrastructure, applied AI use cases, and collaborative learning opportunities for scalable, real-world AI adoption across the network.
• Circuit Accelerator An accelerator program that gives fintechs access to credit-union pilots, validation, and integration pathways, turning strong ideas into scalable solutions deployed through Circuit's owner network.
• Stablecoin and Tokenized Deposits Consortium A national consortium bringing credit unions and industry partners together to examine real-world use cases for tokenized deposits, with Circuit leading shared learning across liquidity, operations, technology, and regulatory readiness.

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability1 record

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• Stablecoin and Tokenized Deposits ConsortiumcoreStrategic or Co-development PartnerA national consortium bringing credit unions and industry partners together to examine real-world use cases for tokenized deposits. Circuit leads shared learning across liquidity, operations, technology, and regulatory readiness, enabling credit unions to act confidently in an evolving landscape.
• Strategic PartnerscoreStrategic or Co-development PartnerTrusted solution providers committed to real impact. As part of the Circuit ecosystem, partners help turn collective insight into action by bringing high-value solutions to credit unions without the guesswork.
• Emerging Fintechs (Circuit Accelerator)coreStrategic or Co-development PartnerThrough Circuit Accelerator, fintechs gain access to pilots, validation, and integration pathways. This turns strong ideas into scalable solutions for credit unions. Innovators shaping the future of financial services.

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Market position

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/members-development-company
• Xx.com/MembersDvlCo

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Members Development Company