PSCU to Host Innovation Hackathon

KnockOut 2012 leverages crowdsourcing to benefit CUs.

August 17, 2012

PSCU is inviting its member/owner credit unions to assemble teams of software designers, programmers, and analysts—innovative thinkers and doers—to compete in its version of a hackathon to be hosted at the credit union service organization’s (CUSO) MōPRO Innovation Lab in St. Petersburg, Fla., October 19-20.

The event, dubbed KnockOut 2012, gives design teams 24 hours to produce a viable proof of concept or working demo of a service, solution, or process that promises to deliver real, cutting-edge value for credit unions and/or their members.

“We are passionate about bringing credit unions together for the common good of the industry,” says Michael Kelly, PSCU CEO/president. “We know there are great ideas in all corners of our CUSO just waiting to see the light of day. If the crowdsourcing approach of an event like the KnockOut leads to even just one innovative solution, all members of the credit union family win.”


Hackathons typically are all-night contests where team members collaborate to prototype an innovative product that is presented to a panel of judges to determine the “winning” idea, or the one with the greatest value.

For KnockOut 2012, PSCU judges will select up to three semifinalists, who will then have the opportunity to present their concepts to PSCU’s staff at one of the company’s employee Town Hall meetings.

PSCU employees will vote to select the winning team, whose members will receive an all-expense-paid Royal Caribbean cruise. Second and third place teams will also earn prizes.

PSCU KnockOut 2012 is open to all PSCU employees and employees of the CUSO’s member/owner credit unions. KnockOut organizers have also arranged for competing teams to participate remotely if they’re unable to travel to the company’s headquarters in St. Petersburg.