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Michigan Credit Union League

Innovation and Reinvention Award

Award Overview

The Innovation and Reinvention Award recognizes credit unions for innovative thinking, action and community involvement. Broken into three asset categories, these awards acknowledge the creative ways credit unions think outside the box.

Three award winners are selected based on asset sizes:

  • Up to $49.9 million

  • $50-$399.9 million

  • $400 million and above

Criteria

The Innovation and Reinvention Award is presented for innovation in leadership, mentoring, advocacy and collaboration. Additional criteria for this nomination includes:

Application Components

Requirements

Possible Points

Nomination Letter

  • A nomination letter must describe in brief detail how the award criteria were met.

1 page max

5

Creation of New/Improved Services

  • New activities or programs

  • Fulfilling a previous void

2 pages max

20

Measurable Impact

  • Describe how your innovation has positioned the credit union as an improved financial leader for the communities served

    • Community impact

    • Financial literacy efforts

    • Employee Development/Culture

    • Operations and Financial Strength

    • Influencing our industry

    • etc

4 pages max

40

Additional Credit Union Efforts

  • Consistent record of innovation throughout the years; always evolving to meet member needs

2 pages max

10

Letters of recommendation

  • Provide letters of support that address the author’s first-hand knowledge of the nominee in relation to all of the award criteria listed above.

2-5 letters max

25

Total

 

100

Please submit all documents and support material online through the form above. All sections should be submitted in one document with sections clearly defined.

The MCUL Awards Committee, on the basis of the nominations and supporting information received, proposes the winner to the MCUL Board of Directors to be ratified.

Any nomination submitted may be featured in various MCUL and MCUF materials to demonstrate how credit unions and their leaders benefit their communities. Submission of a nomination indicates approval for the MCUL and MCUF to use the nomination materials in its publications and advocacy efforts.

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