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Summit & South Madison

Diversity, Equity and Inclusion For a Thriving Madison

 

Madison, like any city, can only prosper when all are welcome and have opportunities. We believe that Diversity is Our Strength, and when we enrich the diversity of our communities, everyone benefits. We have been involved in the southside since 2005. Our first partnership was with the South Madison Neighborhood Center led by David Smith. Together, we created a financial mentor program with 1:1 coaching. The Center was later turned into the Boys and Girls Club where we started and underwrote the costs for a kid’s credit union, STAR CU and continued financial education. Recently, we’ve taken a three-pronged approach to make a significant difference in our home community of Madison:


1

In December 2021 we announced our historic gift of $2 million to jump-start corporate giving for the $38 million Center for Black Excellence and Culture to be built on Badger Road. The Center is a Black-led, Black-inspired and Black-designed center slated to open in 2023. It aims to create a space that uplifts the Black Community and Black-owned businesses, especially those run by women.

We thank the Center’s founder Dr. Alex Gee for inviting us to the table around this opportunity to support The Center’s unique blend of building Black wealth in its planned incubator and co-working spaces, its art events and community services spaces.

 


“The time is now for all of us to join the Black community
to transform Madison from one of the worst cities for Blacks to live in,
to one of the best.”

– Kim Sponem, CEO and President of Summit Credit Union.



One City Schools and Summit Credit Union

2

In April of 2022, we pledged to build a student-run Summit branch at One City Schools, for the soon-to-open Pleasant T. Rowland Leadership Campus on West Broadway Street. One City Schools’ innovative approach to education is designed to close the racial achievement gap and ensure a solid foundation for our Madison area youth.

 


“Partnerships like the one we have with Summit Credit Union
are vital to the continued success of One City Schools.
Summit will contribute $75,000 toward building a branch in the school
and will work with our scholars to ensure that each and
every one of them are financially literate upon graduation.”

– Kaleem Caire, One City Schools Founder and CEO.



3

In April 2022, our CEO and President, Kim Sponem announced Summit will open a branch in the Black Business Hub development planned for 2023 to support the Urban League of Greater Madison’s plan to substantially increase Madison’s opportunities for entrepreneurs of color. The Hub will be located on Park and Hughes Streets in South Madison.

 


“We are excited to place a Summit branch in the Hub
as part of our commitment to economic development by leveraging
our many financial wellness programs and products
to assist businesses, entrepreneurs and families
with their financial needs and with making good financial decisions,”

– Kim Sponem, CEO and President of Summit Credit Union.


 Summit is committed to financial wellness and economic development through financial empowerment made possible with equity and inclusion of our diverse Greater Madison area. 

 

For a more in-depth look at these organizations and other transformation in the works for positive change in South Madison, check out this story from the Wisconsin State Journal!