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Summit Credit Union Honored With Governor’s Financial Literacy Award

February 20, 2020 Legacy Award recognizes cooperative’s sustained efforts to champion financial literacy in Madison schoolsMADISON, Wis.— Summit Credit Union received the 2019 Governor’s Financial Literacy Legacy Award this week, awarded by the Governor’s Council on Financial Literacy. The honor recognizes Summit’s history of financial education programs for high school students in the Madison Metropolitan School District (MMSD).Summit’s partnership with MMSD began in 2011 when it opened an in-school branch at La Follette High School. In the years since, in-school branches have been opened at Memorial, East and West high schools, giving over 7,500 total students access to financial education resources. Summit’s presence provides students the opportunity to interact with qualified financial professionals as they develop sound money management and financial literacy skills.Students at these schools have access to financial education workshops, in-class presentations, educational videos and online tools. Summit also offers opportunities for students to gain real-life employment and money management experience by fulfilling an internship role or opening a checking account of their own. Further, students can participate in Project Teen Money, Summit’s annual interactive competition for students to inspire and educate one another about healthy financial habits.“The best time to learn healthy money habits is early in life, and our presence in Madison high schools helps us provide students with the tools they need to succeed financially,” said Summit Credit Union CEO & President Kim Sponem. “This foundation of knowledge and skills will help them make smart financial decisions for the rest of their lives.”The council noted Summit’s commitment to implementing innovative ways to reach an increasing portion of the student population. In the past two years, nearly 1,500 students have opened accounts at in-school branches, while over 3,800 students have engaged with financial education material. Summit has also awarded over $30,000 in scholarship prizes to MMSD students through Project Teen Money since its inception in 2013.Established in 2011, the mission of the Governor’s Council on Financial Literacy is to measurably improve the financial literacy of Wisconsin citizens. Criteria considered during the evaluation process include innovative program implementation, demonstration of measurable results, collaboration with area partners and the effort’s focus on needs-based groups. You might also be interested in COTTAGE GROVE, WI – Summit Credit Union, headquartered in the Village of Cottage Grove, has pledged a $100,000 grant to “The Next Chapter” Library Capital... Madison, Wisc. – Summit Credit Union, a member-owned financial cooperative, announced today that it is recognized, for the second consecutive year, as... SCOTTSDALE, Ariz., Dec. 31, 2024 /PRNewswire/ -- , a leading management and technology consultancy for banks, credit unions and fintech firms, has announced... Madison, Wisc. - StartingBlock Madison, the city's premier hub for startups and innovation, is proud to announce a continuing partnership with Summit Credit... Madison, Wisc. – Summit Credit Union, a member-owned financial cooperative, hosted its annual ShredFest on September 28. Held in partnership with the Better... Madison, Wisc. – Summit Credit Union, a member-owned financial cooperative, has been awarded on the Forbes list of America’s Best-In-State Credit Unions... Madison, Wisc. – Summit Credit Union, a member-owned financial cooperative, is again the top mortgage lender in the state of Wisconsin, according to data... MADISON, WIS. — May 28, 2024 – Since its announcement in 2020, The Center for Black Excellence and Culture (The Center) has encouraged Madison’s Black... 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...
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* The Wisconsin's #1 Mortgage Lender designation is based on the number of loans in 2023, 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 2024. Copyright 2025 © 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