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Summit Credit Union Launches 2016 Project Money Program

June 13, 2016 Eighth-annual initiative helps participants achieve financial goals, empowers communityMADISON, Wis. – Summit Credit Union’s eighth-annual Project Money program—a reality-based financial challenge—begins today. From hundreds of applicants, four teams were chosen, each with different backgrounds, careers and goals.Teams will work directly with a Summit financial coach, who will provide the strategies, resources and mentoring needed to reach their objectives. Project Money gives the participants and community at large an opportunity to learn how to better manage their money to reach various levels of financial success.“It’s true that money can’t buy happiness,” says Summit CEO/President Kim Sponem, “but the relief of managing it better can be life-changing. Project Money shows our participants, and the many who follow along with their journey, how making small financial changes can drastically improve their lives.”The 2016 Project Money teams include:
  • Amanda & Nick Beyerl—Parents of two, these registered nurses hope to secure a promising financial future for their family by improving daily spending habits.
  • Emilee Guderyon & Rob Schultz—This team, made up of a marketing account executive and forestry student, hopes to purchase their first home and share lessons with friends and family.
  • Drew & Liz Ehlert—These parents would like to pay off student loan debt and increase savings to provide for their new family.
  • Heidi & Mitchell Mellenberger—This couple hopes to reduce overall debt and establish a college-savings fund for their two children.
“We strive to involve participants from different financial situations so people in our community can relate to their challenges and daily wins,” said Sponem. “We appreciate their willingness to document their lessons in public so their neighbors can learn along with them.”The four teams will document their progress and experiences from this year’s program through Summit’s Facebook and Twitter platforms and a weekly blog on Summit’s website. What’s more, NBC15 will host participants live in studio to discuss challenges and progress throughout Project Money’s duration.The program will culminate in February. The team that earns the most points, which are awarded for overall increase in savings, decrease in debt and participation in program events, will win $10,000. Runners-up each receive $2,500. 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...