Make a Payment Rates About Careers Contact Locations

Madison-area Couple Awarded $10,000 In Summit Credit Union’s Project Money

March 4, 2020 Annual interactive challenge helps participants take control of finances, reach goalsMADISON, Wis. — By increasing their savings by over $36,000 and slashing debt by over $11,000, Jeff and Sue Henning won the 11th season of Summit Credit Union’s Project Money program. Each year, the reality-based financial challenge awards a $10,000 cash grand prize to the winning team.“Before Project Money, we were struggling financially and at a loss for how we were going to get ourselves out of debt,” said Sue. “The money-management skills we learned in our Project Money journey helped us achieve our dream of financial freedom.”At the start of the Project Money program, Jeff and Sue’s main goals included replacing their vehicles, rebuilding their savings and building a foundation for retirement. Working with their Summit financial coach, Aidan Hauge, the couple developed a budget and established a plan for managing all aspects of their finances. By the conclusion of the challenge, the couple had saved $36,080 while reducing their debt by $11,384.“Each year, we’re inspired by the success stories we see as participants improve their lives through Project Money,” said Kim Sponem, President & CEO of Summit Credit Union. “By embracing this challenge, these teams show their family, friends and thousands of community members following along at home that it’s possible to take control of your finances and achieve the life you’ve always imagined.”Throughout the program, four Project Money teams work individually with their own Summit financial coach to set customized financial goals designed to reduce debt, increase savings and make positive lifestyle changes. By documenting their journey through blog posts, video blogs and social media posts, the teams encourage members of the community to take part as well.The winning team is selected based on total debt reduced, overall savings and participation in program events, including live appearances on Madison’s NBC15 news. In addition to the $10,000 grand prize, each remaining team receives $3,000.Since the program began in 2009, Project Money contestants have collectively increased savings by $450,981 and reduced debt by $481,180. In 2019, the Project Money teams totaled $80,863 in savings and lowered debt by $62,442. Applications for this year’s Project Money program are available until March 7. 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...
Featured Products Certificates Checking Accounts Home Equity Loans Home Loans Business Banking Certificates Checking Accounts Home Equity Loans Home Loans Business Banking Financial Education Upcoming Events Programs Tools & Calculators On-demand Webinars Podcasts Upcoming Events Programs Tools & Calculators On-demand Webinars Podcasts About Equity in Money™ About Summit Careers News Community Giving Equity in Money™ About Summit Careers News Community Giving Help & Support Contact Us Member Support Center Schedule an Appointment Find a Branch Contact Us Member Support Center Schedule an Appointment Find a Branch
Please read the following before proceeding to: The website you are about to visit is solely the responsibility of the merchant or other party providing the site. The content of this third-party site, including materials and information, is solely the responsibility of the provider of the site. The Credit Union is not responsible for any such third-party content. Any transactions that you enter into with a vendor, merchant or other party that you access through this third-party site are solely between you and that vendor, merchant or other party. The Credit Union does not endorse the content contained in this third-party site, nor the organization publishing the site, and hereby disclaims any responsibility for such content. The Credit Union Privacy Policy does not apply to this third-party site, and for further information you should consult the privacy disclosures of the third-party site.
NCUA Insurance Estimator Privacy, Security & Accessibility Rates Terms and Fees Routing Number
* The Wisconsin's #1 Mortgage Lender designation is based on the number of loans in 2023, gathered from the Home Mortgage Disclosure Act data compiled annually by the Consumer Financial Protection Bureau. The results of the data were obtained through the LEI: 254900NTAC4H10MGSU23 ** SBA Lender of the Year Award for Credit Unions as awarded by the Small Business Administration of Wisconsin in 2024. Copyright 2025 © Summit Credit Union. All rights reserved. If you are using a screen reader and are having problems using this website, please call 608-243-5000 for assistance. Insured by NCUA