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TruStage™ names Kim Sponem to Board of Directors

October 11, 2024 As published by TruStage on September 30, 2024.TruStage announced today the appointment of Kim Sponem to its Board of Directors. Sponem is the President and CEO of Summit Credit Union.

Sponem brings more than 30 years of experience in the financial sector and is a strong advocate of the credit union system. She has been inducted into America’s Credit Union Museum, the CUES Hall of Fame, and was recently named a Power 100 Leader by In Business. She has led Summit to grow from $200 million to over $7.3 billion in assets with 275,000 members.

“Kim is a dynamic and proven leader in the financial industry and a champion of the credit union movement,” said Terrance Williams, president and CEO of TruStage. “Her commitment to the organizations she serves, her determined leadership and her expertise in the financial sector will be of great benefit as we continue our journey toward ensuring brighter financial futures are accessible to all.”

Sponem has also served on the boards of the Chicago Federal Reserve (Advisory), Corporate Central Credit Union, the Credit Union Executive Society, the World Council of Credit Union Foundation and the Credit Union National Association World Affairs and Advocacy Committees.

She is also committed to her local community, serving on the boards of the Madison Area Chamber of Commerce, the Oscar Rennebohm Foundation, Society Insurance, Origence Solutions and Wisconsin Physicians Service. Sponem is also a champion of local efforts like the Center for Black Excellence, the Black Business Hub, the Boys and Girls Club McKinsey Center trade school, One City Schools and Centro Hispano.

“TruStage is a vital part of the credit union movement. Its partnership with credit unions to provide its members with the best products and services as well as provide credit unions with needed products for employees and the protection of the credit union is the best in the industry," said Kim Sponem. “I have worked closely with TruStage most of my career and I’m thrilled and honored to join this forward-thinking board of directors. Under Terrance William’s leadership, TruStage will continue to thrive in its mission and purpose.”

Sponem earned her bachelor’s degree in consumer science/behavior from the University of Wisconsin-Madison and a master’s degree in business administration from Edgewood College.About TruStage
TruStage is a financially strong insurance, investment and technology provider, built on the philosophy of people helping people. We believe a brighter financial future should be accessible to everyone, and our products and solutions help people confidently make financial decisions that work for them at every stage of life. With a culture rooted and focused on creating a more equitable society and financial system, we are deeply committed to giving back to our communities to improve the lives of those we serve. For more information, visit trustage.com.TruStage is the marketing name for TruStage Financial Group, Inc. its subsidiaries and affiliates. Corporate headquarters are located in Madison, Wis. You might also be interested in As published by in April 2025. Madison, Wis – As we launch into our 2025 Community Campaign, we’re excited to announce Kim Sponem as this year’s Campaign... Madison, Wis – Summit Credit Union, a member-owned financial cooperative and the #1 SBA Lender among Credit Unions in Wisconsin*, is proud to announce... As published by on October 28, 2024. COTTAGE GROVE, Wis. (WMTV) - At Summit Credit Union in Cottage Grove, the “Equity in Money” initiative works to increase... As published by CU Insight on November 4, 2024. The Wisconsin Credit Union Foundation’s Board of Directors has announced ten inaugural inductees to Legends... Kim Sponem is the President and CEO of Summit Credit Union. She brings more than 30 years of experience in the financial sector and is a strong advocate... We are thrilled to announce that Summit Credit Union gives more back to its members in total value than any other credit union in our asset group in the... As published in the September/October 2024 issue of BRAVA Magazine. As Summit Credit Union just marked the 15-year anniversary of its groundbreaking financial... MADISON, Wis. - The Dane County Sheriff’s Office announced on Friday that it will be offering a financial literacy program in the Dane County Jail. The... BRAVA asked Summit Credit Union’s financial experts what strategies they recommend to create more financial security, not just for today’s needs but also...
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