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Summit Credit Union Announces Teams For Project Money Season 11

June 11, 2019 Annual competition encourages financial education, empowers communityMADISON, 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 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...