The entry period is now open for the CO-OP THINK Prize 14, with entrants having until Oct. 15 to complete their round one application and become eligible for the $10,000 grand prize sponsored by MasterCard.
CO-OP THINK Prize 14 contestants can find complete details and apply here: http://co-opthink.org/think-prize.
“The purpose of the CO-OP THINK Prize competition is to inspire innovative solutions to issues facing the credit union movement,” said Stan Hollen, President/CEO of CO-OP Financial Services. “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. Though the ideas can vary widely, the judging criteria for entries are 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:
The CO-OP THINK Prize winner is awarded $10,000. The money goes to the individual entrant, who may use it toward executing their idea, though they are not obligated to do so.
The 25 semi-finalists and the three finalists are selected by judges from CO-OP Financial Services and an industry panel.
For more information, visit co-opthink.org/think-prize.