Interactive competition offers scholarships, peer-to-peer inspiration

MADISON, Wis.—Summit Credit Union has launched its fourth annual Project Teen Money program, a unique challenge created by the member-owned cooperative to help young adults achieve financial success. 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.

Working closely with Summit, two students from each high school were selected last fall to create three videos inspiring their peers to save more, spend smarter and give back to their communities. For each topic, participants create a 30- to 90-second video in which they educate and motivate their peers. The videos will be featured on Summit’s website throughout February and March, and participants will use social media to help communicate to their peers. 

“It’s never too early to start learning life skills around managing money,” said Summit Credit Union CEO and President Kim Sponem. “With the help of Summit, Project Teen Money is a great way for high schoolers to inspire and help educate their peers about living a financially successful life.”

Fellow students, families and community members are encouraged to vote for their favorite videos. The $2,500 scholarship is awarded to the winner, while all other participants receive a $500 scholarship.

To cast votes and learn more about this year’s participants, visit SummitCreditUnion.com/ProjectTeenMoney. The first video, detailing the importance of saving, is currently on Summit’s website and is open for voting.