CU*Answers offers grant money for innovative ideas

GRAND RAPIDS, MI (May 12, 2014) — CU*Answers Innovators and Grant Program is creating a renewed awareness of the need to foster creative ideas in the credit union market space. The 100% credit union-owned CUSO said the program was initially launched in 2011, and has continued to evolve based on feedback from clients, staff, and board of directors, and lessons learned along the way. A CU*Answers representative added that one of the major changes in 2014 is to open the eligibility requirements to allow for greater participation—the greater the pool of ideas generated, the greater the chance of finding the next “big thing.” She added CU*Answers will accept applications from credit unions – both organizationally and their employees.

CU*Answers added that applications are accepted anytime and will be sent to a review board who will make recommendations to the CU*Answers Executive Council. All applicants will be notified within 30 days of the submission of their completed application if their idea qualifies to move on to the next round. The Executive Council reviews applications that pass the first round and determines if the applicant will be required to make a presentation either in person or via WebEx to make a case for its promotion.

CU*Answers added that amounts awarded are on a per application basis and may range from $1,000 to $10,000. They encouraged candidates to consider three primary reasons to apply:

·         You have a great idea that you would like to work on

·         You have a great idea for CU*Answers to work on

·         You have a great idea to start a business in the network

About CU*Answers, Inc.

CU*Answers offers expertise in implementing technical solutions to operational needs, and is a leader in helping credit unions form strategic alliances and partnerships. CU*Answers provides a wide variety of services for credit unions including its flagship CU*BASE® processing system (online and in-house) and Internet development services featuring It’s Me 247 online and mobile banking. Additional services include web development, network design and security, and image check processing. Founded 40+ years ago, CU*Answers is a 100% credit union-owned cooperative CUSO providing services to credit unions representing nearly 1.5 million members and $12.6 billion in credit union assets. For more information, visit              

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