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Summit Credit Union Receives Governor’s Financial Literacy Award

March 7, 2017 Financial cooperative honored for annual Project Money programMADISON, Wis.— Summit Credit Union was named a recipient of the 2016 Governor’s Financial Literacy Award last month in honor of Project Money, its annual financial competition that recently concluded its eighth season.Project Money is a financial challenge that sees four teams paired with a Summit financial coach for seven months, identifying strategies to increase savings and reduce debt. Sharing their journey via Summit’s website, social media and Madison’s NBC15 along the way, the winning team receives $10,000 from Summit Credit Union, while the remaining three teams receive $2,500.Selected by Governor Scott Walker’s Council on Financial Literacy, the member-owned financial cooperative was one of just eight organizations across the state to receive the award. The council noted Project Money’s success with increasing community awareness of financial literacy, financial capability and financial wellness, along with its tenured partnership with Madison’s NBC15. Through eight seasons, the program has collectively helped 32 participants increase savings by $278,539 and decrease debt by $335,157.“We started Project Money in 2009 with the goal of helping educate people about how to take control of their finances and improve their lives by following the real life journeys of our participants,” said Summit Credit Union CEO & President Kim Sponem. “We’re very excited to be honored for helping our entire community learn from the hard work of our Project Money participants.”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 implementation, demonstration of measurable results, collaboration with area partners and the effort’s focus on needs-based groups.For more information about the Governor’s Council on Financial Literacy, visit . 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