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Summit Credit Union Announces Teams For 12th Project Money Season

June 9, 2020 undefined Annual competition promotes financial education, inspires community MADISON, Wisconsin—June 9, 2020— Summit Credit Union has launched its 12th Project Money competition with the announcement of its 2020 participants. From hundreds of applicants, four teams were selected to participate in this year’s program and will compete to reduce debt and increase savings on the way to achieving their financial goals. “Project Money is an opportunity for participants to work with a coach to learn strategies for reducing debt, increasing savings and reaching their larger financial goals,” says Summit Credit Union CEO & President Kim Sponem. “Thousands of people in the community can follow along with the competition on our website and NBC15. We hope those following along are inspired to take action to improve their own financial health.” With the help of their own Summit financial coach, each team will learn strategies to improve their spending and saving habits and reach their goals. At the end of the competition in February of 2021, the team earning the most points for overall increase in savings, debt reduction and participation in program events will take home a $10,000 cash prize. In addition, all runners-up will receive a $2,500 prize. The 2020 Project Money Teams are:
  • Team Idah: After prioritizing the financial wellbeing of her family in Zimbabwe for years, Idah is eager to plan for her own goals and bring balance to her life.
  • Team Scott and Dustin: This couple is ready for a chance to put a dent in their debt and establish an organized budget so they can make their money work harder for them in the future.
  • Team Sarah: Motivated by the memory of her late father, Sarah is determined to prove she can maintain a disciplined spending plan and build a savings capable of withstanding life’s unexpected events.
  • Team Betsy and Noah: This busy family is motivated to establish a budget so they can put their debt in the past and teach healthy habits to their three children.
Along the way, each team will share updates on their progress with the greater community through Summit’s Money Smarts blog and on its Facebook and Twitter pages. Each month, teams will appear live on Madison’s NBC15 with anchors John Stofflet and Amy Pflugshaupt to discuss their challenges, wins and motivations. Over the past 11 years, Project Money participants have collectively increased savings by $450,980 while reducing debt by $481,178. To learn more about Project Money and this year’s participants, visit . 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, Fees, Terms & Disclosures Routing Number *  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 LEI: 254900NTAC4H10MGSU23 **  SBA Lender of the Year Award for Credit Unions as awarded by the Small Business Administration of Wisconsin in 2023. Copyright 2024 © 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