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updated 08/23/16 07:57 AM
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From the Editors of CU Weekly

Robert Baron, Director of Marketing for Technicolor FCU
updated 05/07/13 10:58 AM
'Virtual Teller System' Lauded
Robert Baron, director of marketing for Technicolor FCU, was named the winner of the CO-OP THINK Prize 13 and received a $10,000 award at the THINK 13 conference in Chicago on May 2.

The CO-OP THINK Prize 13 was created by CO-OP Financial Services to inspire creative and innovative solutions to the issues facing the credit union industry today. Three finalists were selected to produce a video that explained their idea on how to combat some of these issues. Baron came up with the “Virtual Teller System” idea.

"One of the biggest structural dilemmas the credit union industry faces is that banking hours are usually the same as working hours, making interpersonal engagement between members and credit unions more difficult," Baron said in a statement. "I have developed [a plan for] a secure virtual teller system that would allow members to visit any branch without ever having to leave their home or office, through video-conferencing from either a computer or mobile phone.”

The final decision on the winner was based on the voting of the judges, online voters, and conference attendees.