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Project Teen Money Teaches Area Students How To Better Manage Their Money

February 6, 2018 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 . The first video, detailing the importance of saving, is currently on Summit’s website and is open for voting. You might also be interested in Summit Credit Union named Top Workplace in Madison, Milwaukee, and U.S., recognized for strong culture, engagement, and employee benefits... Summit Credit Union helps Wisconsin families achieve homeownership with up to $10K in down payment assistance... Summit Credit Union’s President and CEO Kim Sponem was recently featured on the Women of Community Banking podcast... Summit welcomed thousands of members and their families to Warner Park for its annual Summit Fest, blending its official Annual Meeting of the Membership... Summit Credit Union names Mike McCoy Chief Commercial Officer to advance commercial banking and support Wisconsin businesses... With $87 million in member benefits, Summit Credit Union remains the nation’s #1 credit union for Return of the Member... Summit Credit Union partners with LOVB Madison Volleyball to empower women athletes and advance equity in sports and finance... Kim Sponem calls for equitable pay practices, warning that lifetime pay gaps leave women at greater risk of retirement insecurity... Summit Credit Union earns the #1 national Return of the Member ranking again, highlighting its strong member value and financial impact...