If you have technical development skills and an idea of how toimprove credit union products and services, PSCU wants you to comeput your skills to work at a “hackathon,” dubbed KnockOut 2012,which will take place October 19-20 at at the CUSO's MPROInnovation Lab in St. Petersburg, FL.

“We are passionate about bringing credit unions together for thecommon good of the industry,” said Michael Kelly, PSCU CEO.“We knowthere are great ideas in all corners of our CUSO just waiting tosee the light of day. If the crowdsourcing approach of an eventlike the KnockOut leads to even just one innovative solution, allmembers of the credit union family win.”

Hackathons are typically all-night contests where team memberscollaborate to prototype an innovative product that is presented toa panel of judges to determine the “winning” idea, or the one withthe greatest value, the payments CUSO said.

For KnockOut 2012, PSCU judges will select up to threesemifinalists, who will then have the opportunity to present theirconcepts to PSCU's staff at one of the company's employee Town Hallmeetings. PSCU employees will vote to select the winning team,whose members will receive an all-expense-paid Royal Caribbeancruise. Second and third place teams will also earn prizes.

PSCU KnockOut 2012 is open to all PSCU employees and employeesof the CUSO's Member-Owner credit unions. KnockOut organizers havealso arranged for competing teams to participate remotely if theyare unable to travel to the company's St. Petersburg, FLheadquarters, PSCU said.