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6 contestants selected to compete in NACUSO’s Next Big Idea competition at NACUSO Network in Orlando, FL.

ORLANDO, FL (April 9, 2024) — The Next Big Idea Competition, is NACUSO’s version of the popular TV Show “Shark Tank” and has been bringing ground breaking ideas to the industry for 12 years now. This year’s chosen contestants will each get 5 minutes to present on stage followed by questions from our guest judges. At the end of the presentations, attendees will vote to instantly select the winner of the 2024 Next Big Idea Competition. The company with the most votes for their idea will be awarded $7,500, and second place will be awarded $2,500. The winner will also have the opportunity to share their idea at the NASCUS State Summit Conference in Colorado Springs this Fall.

Meet the Contestants:

Algopear

AlgoPear is a SaaS wealth management company. We provide embedded automated investment products for credit unions to provide early retirement solutions for young retail investors.

Casap

Casap is a member-first disputes and fraud automation platform that helps credit unions navigate disputes at a fraction of today’s cost. With built-in regulatory expertise and network integrations, Casap automatically resolves disputes unlocking significant bandwidth. Casap increases recovery rates with insights that enable teams to act on patterns of fraud and identify evidence to win more chargebacks. Casap’s self-service flow transforms a negative experience into a loyalty building opportunity while enabling full end-to-end automation of a dispute. Compliance doesn’t have to be costly and Casap safeguards revenues with a triple shield—back office efficiencies, fraud protection, and customer delight.

Chimney

Introducing MyHomeTracker from Chimney, an award winning technology that uses modern property data to deliver an experience homeowners love – right within their Credit Union’s banking app and via email. Chimney gives homeowners the ability to track home value, see available equity, and get personalized offers, all within their trusted digital banking environment. MyHomeTracker gives Credit Unions the ability to deliver strong digital relationships, a better member experience, and generate new loans for mortgage lending teams at greatly reduced costs.

Debbie

Debbie revolutionizes the way credit unions engage with younger demographics by offering a rewards-based platform that incentivizes positive financial behaviors. Through partnerships with credit unions, Debbie helps members improve their financial health by rewarding them for paying off debt, increasing savings, and adopting better spending habits. This innovative approach not only attracts young consumers to credit unions but also addresses the critical issue of financial health among this demographic.

Payfina

At Payfina, our purpose is to revolutionize financial wellness in communities through real-time payments, primarily FedNow, tailored for community banks and credit unions. In an era where Americans have forfeited over $603 billion in interest by banking with large institutions, and with 60% living paycheck to paycheck, our initiative is critically timed. CUSO ownership magnifies this purpose, allowing credit unions to directly influence the development and implementation of financial technologies that reduce NSF fees, late bill payment fees, and predatory lending. This collaboration enhances our collective capacity to boost financial inclusion, economic stability, and wealth growth within communities, and ensuring solutions are deeply aligned with the needs of those we serve.

Reimagination Technologies

With Reimagination Technologies, CUs can provide low-cost and high-customer value Remittance services with their own CU brands to their local customers and immigrant communities nearby.

Contestants will have 5 minutes to present their idea to attendees at NACUSO Network on Wednesday, April 17th, 2024 at 4:00 the winner will be selected by audience vote.

About NACUSO

The National Association of Credit Union Service Organizations (NACUSO) is a leading advocate for the credit union movement, dedicated to advancing innovation, collaboration, and sustainability within the industry. With a diverse membership representing a wide range of credit union service organizations, NACUSO is committed to driving positive change and empowering credit unions to thrive in a dynamic financial landscape.