An online loan-decisioning and funding app for credit unions is the winning idea in this year's KnockOut innovation competition from PSCU, a 24-hour "hackathon" that aims to find new technology solutions for credit unions.

The app – developed by "Team Cajun Power," a five-person team comprised of members from PSCU and University of Louisiana FCU – is the winner after two rounds of voting. The solution is designed to facilitate immediate deposits into a member's checking or savings account.

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