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Announcing The 2023 Project Teen Money Winner

May 18, 2023 Cooper Smith from East High School, Madison, wins a $3,000 continuing education scholarship. All 10 finalists receive at least $500 continuing education scholarships. MADISON, Wisc. – The votes are in. Cooper Smith from Madison’s East High School is this year’s Summit Credit Union Project Teen Money winner.Summit Credit Union’s Project Teen Money is a unique challenge to help young adults achieve financial success – not just the participants, but also their friends and families who viewed their videos. 10 students from Madison’s East, La Follette, Memorial and West high schools were selected as finalists to compete for top scholarships. This year, the applicants submitted a short video addressing this question: What are three tips you’d give to other teens to help them protect their money from scams? The winning advice from Cooper was to change your passwords frequently and make sure they are strong and complex, don’t share sensitive or personal information over email or the phone, and always call your financial institution to verify they are contacting you. . “Congratulations to Cooper and all the Project Teen Money finalists,” said Summit Credit Union CEO and President, Kim Sponem. “What I love about this program is that teens are teaching teens about financial wellness. There was a lot of great advice, all presented in creative ways. Hopefully, everyone who watched these videos learned some tips to keep their finances safer.” HOW DOES PROJECT TEEN MONEY WORK?Using points-based scoring criteria, and featured on the Summit Credit Union Project Teen Money web page. Then the public voted for their favorite. All 10 will now receive scholarship money with $3,000 going to the winner, $2,000 to second place, and $1,000 to third. Fourth and fifth placed will receive $750 and all remaining runners-up will receive $500. This program is one of many ways Summit Credit Union champions financial wellness. BACKGROUND INFORMATION ON SUMMIT CREDIT UNIONEstablished in 1935, Summit Credit Union is a member-owned financial cooperative. Summit holds $6.4 billion in assets and has more than 240,000 members and 945 employees across 55 locations throughout south-central and southeastern Wisconsin. Since 2002, Kim Sponem has been CEO & President of Summit Credit Union, formerly known as CUNA Credit Union/Great Wisconsin Credit Union.Recognized for its excellence in employee engagement, Summit was named a Top Workplace in the USA in 2021, 2022 and 2023 by Top Workplaces USA and a Top Workplace in the Madison area for 2021, 2022 and 2023 by the Wisconsin State Journal. You might also be interested in COTTAGE GROVE, WI – Summit Credit Union, headquartered in the Village of Cottage Grove, has pledged a $100,000 grant to “The Next Chapter” Library Capital... Madison, Wisc. – Summit Credit Union, a member-owned financial cooperative, announced today that it is recognized, for the second consecutive year, as... SCOTTSDALE, Ariz., Dec. 31, 2024 /PRNewswire/ -- , a leading management and technology consultancy for banks, credit unions and fintech firms, has announced... Madison, Wisc. - StartingBlock Madison, the city's premier hub for startups and innovation, is proud to announce a continuing partnership with Summit Credit... Madison, Wisc. – Summit Credit Union, a member-owned financial cooperative, hosted its annual ShredFest on September 28. Held in partnership with the Better... Madison, Wisc. – Summit Credit Union, a member-owned financial cooperative, has been awarded on the Forbes list of America’s Best-In-State Credit Unions... Madison, Wisc. – Summit Credit Union, a member-owned financial cooperative, is again the top mortgage lender in the state of Wisconsin, according to data... MADISON, WIS. — May 28, 2024 – Since its announcement in 2020, The Center for Black Excellence and Culture (The Center) has encouraged Madison’s Black... MADISON, Wis. — Hannah Echols of Milwaukee, has just been revealed as the winner of Summit Credit Union’s Project Money Season 15. Along with three other...
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