RANCHO CUCAMONGA, Calif. (8/5/13)--Round One applications for the CO-OP THINK Prize 14 are due Oct. 15, CO-OP Financial Services said Thursday. Entrants will be eligible for the $10,000 grand prize sponsored by MasterCard.
"The purpose of the CO-OP THINK Prize competition is to inspire innovative solutions to issues facing the credit union movement," said Stan Hollen, CO-OP Financial Services president/CEO. "We encourage everyone to consider entering, for their own professional development, to make their credit unions better, to help our industry, and perhaps to win a nice sum of money."
The solutions put forward in the competition can take any form--such as an innovative application of technology, a new process for back office efficiency or a fresh approach to industry advertising and marketing. Although the ideas can vary widely, the entries are judged based on four main standards--impact, creativity, aggregation (the application of the idea across the industry) and implementation (the ability to be adopted).
For CO-OP THINK Prize 14, red letter dates are:
Judges from CO-OP Financial Services and an industry panel select 25 semi-finalists and the three finalists.