Our 4th annual competition received a record number of applications. So many we expanded the field to 6 contestants. Each entrant was given 7 minutes on the main stage to present to a live audience and our esteemed judges. This is the CUSO version of Shark Tank. This year’s “shark” was a real Private Equity/Venture Capitalist, Ned May, Partner, Napier Park Global Capital. Sarah Canepa Bang, EVP Corporate Relations, CO-OP Financial Services, Ray Crouse, President/CEO of Parsons Federal Credit Union and Matt Davis Founder of gameFI rounded out the judges table.
Rate Reset/LoanGen, the secure web-based automated loan generation tool won the voting at the conclusion of the Next Big Idea competition during the 2016 NACUSO Network Conference. Rate Reset/LoanGEN provides the solution for two of the most pressing needs credit unions have today: how to efficiently generate new loans and retain the ones they already have.
In addition to their trophy and bragging rights, this year’s winner is invited to present at the NASCUS Summit Conference in Chicago in the fall. The CU Journal has awarded the Next Big Idea winner an advertising package in their publication with a value of $8000.00.
Other companies competing in the Next Big Idea Competition included CU Launchpad, LoanStreet, LLC, Mirador Lending, ONE Card and TruVantage by Saggezza.
