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Project Teen Money Teaches Area Students How To Better Manage Their Money
February 6, 2018
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Press Room
Summit Credit Union’s interactive competition offers scholarships, inspirationMADISON, Wis.— Summit Credit Union has launched its fifth annual Project Teen Money program, a unique challenge created by the member-owned cooperative to help young adults be more financially empowered. Culminating in a $2,500 scholarship awarded to the winner, the competition is conducted through Summit’s in-school branches at Madison’s East, La Follette and Memorial high schools.
Two students from each high school have been selected to create videos that will educate and motivate their peers. Participants will create 30- to 90-second videos that encourage their peers to save more, spend smarter and give back to their communities. The videos for each topic will be featured on Summit’s website in February and March, and participants will use social media to engage their peers.
“Understanding how to manage money is a critical life skill,” said Summit Credit Union CEO & President Kim Sponem. “With support and guidance from Summit, Project Teen Money participants help their high school peers build good money habits early on, lessons which will serve them well their entire life.”
Fellow students, families and community members are encouraged to vote for their favorite videos. The winner will be selected based on votes for their videos as well as scoring by an independent panel. In addition to the $2,500 scholarship to the winning teen, all other participants will receive a $500 scholarship.
To cast votes and learn more about this year’s participants, visit
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. The first video, detailing the importance of saving, is currently on Summit’s website and is open for voting.
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Summit Credit Union Names Season 15 Project Money Winner
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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 contestant teams, Hannah spent the past seven months working with a Summit Credit Union financial advisor to take steps to meet her financial goals.
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Local Financial Professional Recognized for Leadership Among Peers
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MADISON, Wis – Jody Brown, a Financial Professional with Summit Financial Advisors, located at Summit Credit Union, has been named one of the “Women of Distinction” – a recognition that honors female financial representatives for superior performance and extraordinary efforts in promoting financial security.
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Summit Credit Union Recognized as a Leading SBA Lender
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MADISON, Wis – The U.S. Small Business Administration (SBA) has named Summit Credit Union a 2023 leading small business lender in two different categories. Specifically, Summit received two awards for FY 2023; the most 7(a) loans by a credit union in Wisconsin and the greatest lender participation with 504 loans in Wisconsin. The credit union loaned more than $23,000,000 between these two SBA vehicles.
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Summit Named One of America's Top Credit Unions
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Newsweek Magazine rankings based on member feedback and institution’s financial health MADISON, Wis – Newsweek Magazine’s 2024 list of America’s Best Regional Banks and Credit Unions included Madison-based Summit Credit Union as one of the top 250 credit unions. The rankings were based on a mix of consumer/member input and financial performance and stability factors.
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Summit Credit Union Fellowship for Women Entrepreneurs launches
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MADISON, Wis. – Summit Credit Union, a member owned financial cooperative, and StartingBlock, Madison’s startup hub, welcome seven women entrepreneurs into the 2023 cohort of the Summit Credit Union Fellowship for Women Entrepreneurs. This is an initiative designed to support, empower, and catalyze the growth of women entrepreneurs in the region.
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Summit Credit Union Celebrating 10th Cash Boomerang
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Summit giving back $2.66 million to members in 10th year of annual member giveback bringing total money provided to eligible members to $22.3 million. MADISON, Wisconsin — Summit Credit Union announced an annual patronage dividend, called Cash Boomerang, of $2.66 million to its members. The giveback is based on the cooperative’s financial success and on a member’s use of Summit’s checking, savings, borrowing services, as well as their length of membership.
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Summit Credit Union Provides $700,000 In 2023 Federal Home Loan Bank Grants To Eligible Homebuyers
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MADISON, Wis -- Summit Credit Union has provided its full 2023 allotment of $700,000 in grants from the Federal Home Loan Bank of Chicago to eligible homebuyers, supporting their down payments, closing costs, or pre-paid expenses.
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Summit Credit Union Is Wisconsin’s #1 Mortgage Lender
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MADISON, Wis. — Summit Credit Union, a member-owned financial cooperative, is the top mortgage lender in the state of Wisconsin this year, according to data collected under the Home Mortgage Disclosure Act (HMDA). Based on 2022 HMDA (Home Mortgage Disclosure Act) data, released at the end of June 2023, Summit provides more mortgages than any other mortgage lender in Wisconsin.
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Summit Credit Union Recognized As One Of America’s Best-in-state Credit Unions
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Credit Union consumers took part in the Forbes and Statista survey and ranked credit unions on trust, terms & conditions, branch services, digital services, customer services and financial advice.
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The Wisconsin's #1 Mortgage Lender designation is based on the number of loans in 2022, 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