10000 Available Again To Winner Of Co Op Think Prize 13 Competition

RANCHO CUCAMONGA, Calif., June 4, 2012 – The entry period is now open for the CO-OP THINK Prize 13, with entrants having until September 28 to complete their round one application and become eligible for the $10,000 grand prize sponsored by MasterCard.

CO-OP THINK Prize 13 contestants can find complete details and apply here: http://co-opthink.org/think-prize.

“The purpose of the prize is to inspire innovative solutions to the issues confronting the credit union industry,” said Stan Hollen, President/CEO, CO-OP Financial Services. “We have had two wonderful examples of this with the winners of the 2011 and 2012 competitions, and we are looking for more great creative thinking to help our movement in 2013.”

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 quickly).

For CO-OP THINK Prize 13, red letter dates are:

• Sept. 28, 2012. Deadline to complete an on-line entry application.
• Oct. 30, 2012. Semi-finalists will be notified, and invited to produce a detailed business plan, on or about this date.
• Dec. 19, 2012. Semi-finalist business plans are due.
• Jan. 31, 2013. A total of three finalists will be notified on or about this date.
• March 25-April 19, 2013. On-line voting takes place.
• May 1, 2013. The CO-OP THINK Prize 13 winner is announced at the THINK 13 Conference in Chicago, Ill.

This is the third year for the CO-OP THINK Prize competition. The two previous winners are Matt Weidler, IT Asset Coordinator with Evangelical Christian Credit Union of Brea, Calif.; and Paul Yang, CEO, Premier Community Credit Union, Stockton, Calif.

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 then the three finalists are selected by judges from CO-OP Financial Services and an industry panel.

For more information, visit: http://co-opthink.org/think-prize.

About CO-OP Financial Services

Based in Rancho Cucamonga, Calif. and founded in 1981, CO-OP Financial Services is the industry leader in access and convenience products for credit unions. CO-OP connects credit union members to their accounts through network, payment processing, e-commerce, shared branching and call center services. With more than 3,500 credit union members, 30 million cardholders, 30,000 surcharge-free ATMs, 4,500 shared branch locations and more than two billion annual transactions, CO-OP Financial Services offers the tools, counsel and leadership to help credit unions prosper. To learn more, visit www.co-opfs.org.

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