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Summit Credit Union Announces Season Nine Project Money Participants

June 13, 2017 Financial-based competition helps teams take control of finances, empowers communityMADISON, Wisconsin—June 13, 2017— Summit Credit Union launches the ninth year of its Project Money program this week with the announcement of its 2017 participants. Four families were selected to participate in this year’s program and will compete to reduce debt and increase savings to better manage their finances and improve their daily lives.Participants will work directly with a Summit financial coach who will provide personalized strategies and resources to make impactful change. Culminating in February of 2018, the team that earns the most points will receive a $10,000 cash prize from Summit, while all runners-up receive $2,500. Points are rewarded for overall increase in savings, debt reduction and participation in program events.“We created Project Money as a way for consumers to learn through the challenges and successes of our participants,” says Summit Credit Union CEO & President Kim Sponem. “Our teams and coaches inspire others to take control of their finances, changing the way we spend, save, and create a positive financial future.”The 2017 Project Money participants are:
  • Jenniffer Price: Jennifer and daughter Ashley (14) hope to overcome a slew of recent medical bills and improve their spending habits to secure a successful financial future for the long-term.
  • Moriah and Terrance Harney: As a respiratory therapist for nearly 20 years and a personal trainer, these parents of 1-year-old son Daylen hope to manage two mortgages (they own a home and rent one out), while learning to be “financially married.”
  • Karl and Heather Duncan: Karl and Heather want to use their combined salaries to set (and achieve) more financial goals between working full-time and managing their three teenage daughters’ busy schedules.
  • Venus Washington: A fitness entrepreneur, part-time teacher and track coach, Venus hopes to pay off credit card and student loan debt, grow her business and eventually buy a new home for her and 7-year-old daughter Madison.
Throughout Project Money’s duration, participants will share their journey with the greater community through Summit’s Money Smarts blog and on its Facebook and Twitter pages. Additionally, Project Money participants will appear live in studio on Madison’s NBC15 with Anchor Leigh Mills to discuss their challenges, wins and motivations throughout the program.To learn more about Project Money and this year’s participants, visit . 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...