Born from a PSCU employee’s suggestion, the KnockOut grew into a historic industry event. An exciting 24-hour, innovation summit with heavyweights like Google and MasterCard represented on the Judges Panel, the KnockOut showcased PSCU’s commitment to collaboration by challenging each team to produce a viable proof of concept for a new product with the promise to enrich members’ financial lives.
“Collaborative innovation is how today’s credit union leaders will ensure their ongoing relevance, growth and prosperity,” said Michael Kelly, PSCU President and CEO. “We planned the KnockOut to demonstrate that great ideas are everywhere in our organizations. It was truly amazing to watch these teams define and solve problems in a high-energy format designed to promote and reward teamwork.”
Our esteemed judges chose 3 finalists whose placement was determined by popular vote as follows:
Grand Prize Co-Champions - Caribbean Cruise Vouchers
Team Formula 501, from Teachers Credit Union
Team MoNation, from PSCU's Total Member Care™
2nd Place - Google Nexus 7s
Team Revelation, a collaboration of FCFCU and Interra Credit Union
Check out some of our KnockOut highlights.
PSCU would like to extend a special thanks to Community First Credit Union of Florida, Finance Center Credit Union, First Tech Federal Credit Union, Interra Credit Union, State Department Federal Credit Union, Teachers Credit Union and Texas Dow Employees Credit Union for their relentless commitment to innovation during the KnockOut. Many thanks also to PSCU’s staff members, volunteers and our distinguished panel of judges for making this event a roaring success.
With over 20 ideas brought to the table, KnockOut produced new ways to delight consumers and help credit unions compete and prosper – making the ultimate winners of KnockOut our credit unions. Congratulations to all our Member-Owners! It’s a bold, new day.