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Summit Credit Union Announces Teams For Project Money Season 11

June 11, 2019 Annual competition encourages financial education, empowers community MADISON, Wisconsin— Summit Credit Union has launched its 11th Project Money competition with the announcement of its 2019 participants. Four teams were selected from hundreds of applicants to participate in this year’s program and will compete to reduce debt and increase savings on their way to achieving their financial goals. “Project Money is a chance for participants to take a close look at their financial situation and, with the help of a coach, find the best ways to reduce debt and increase their savings,” says Summit Credit Union CEO & President Kim Sponem. “By following along on our website thousands of people can benefit. We hope people following along will be inspired to make healthy financial decisions in their own lives, too.” Throughout Project Money, each team will work directly with their own Summit financial coach, who will use strategies and tools to help them reach their goals. At the competition’s end in February of 2020, Summit will award a $10,000 cash prize to the team that earns the most points for overall increase in savings, debt reduction and participation in program events. All runners-up will receive a $2,500 prize. The 2019 Project Money Teams are:
  • Team Emily and Ginger: With their family now complete, busy moms Emily and Ginger hope to reduce their student loan debt while starting an education fund for their two young children.
  • Team Becky and Steve: With college expenses for their two teenage children on the horizon, Becky and Steve aim to cut into their debt while building savings for the future.
  • Team Emily: Emily is a first-time homeowner looking to increase her financial literacy. Currently living without a budget, she is motivated to learn and maintain healthy spending habits.  
  • Team Jeff and Sue: Jeff and Sue are eager to rebuild a comfortable savings and look ahead to retirement following Sue’s journey with breast cancer and a number of unexpected expenses.
Throughout the competition, 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, in studio on Madison’s NBC 15 with anchors John Stofflet and Amy Pflugshaupt to discuss their progress, challenges and motivations during Project Money. Over the past decade, Project Money participants have collectively increased savings by $370,118 while reducing debt by $418,738. To learn more about Project Money and this year’s participants, visit . You might also be interested in 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. 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. 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. 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. 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. 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. 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. 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. 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 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