GRAND RAPIDS, Mich. (10/19/11)--CU*Answers has earmarked $10,000 in grant money to be shared by up to five client credit unions whose CEOs can best “sell” their idea to their peers at a Nov. 9 CEO Roundtable Session on Nov. 9. The program is being offered to challenge CEOs, who often have great ideas, but lack the funding required to move forward and get their projects kick started, according to CU*Answers. The cuasterisk.com network, a collaborative network of credit union service organizations in which CU*Answers has been a partner, has been a birthplace of many successful ideas, and the company said it would like to continue to foster innovation that creates opportunity for members, credit unions, and the network. Key dates for the grant process include:
* Oct. 21--Deadline for submission of ideas; * Oct. 26--CU*Answers board of directors selects up to five ideas; * Oct. 27--Finalists notified via e-mail; and * Nov. 9--Five- to 10-minute presentation by finalists at CEO Roundtable.
CEOs attending the roundtable will vote for the idea they feel best stimulates growth and innovation. A total of $10,000 in grants will be distributed to the winners in accordance with votes received, and where the money can make the most difference. The distribution may be one grant of $10,000, four grants of $2,500, or tiered by different amounts, according to CU*Answers. Each winner must be willing to share how the grant was used and how it affected the credit union at next year’s CEO Roundtable. CEOs may submit ideas to put grant money to work directly in their credit union, staff, community or members. Winning projects may serve as templates for other credit unions. CU*Answers offers technical solutions for operational needs and includes its flagship CU*BASE processing system and Internet development services.