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who Will win A $2,500 SCHOLARSHIP?

Official Rules




  1. OVERVIEW OF THE SCHOLARSHIP PROGRAM. The Project Teen Money – High School Scholarship Program is a scholarship program sponsored by Summit Credit Union (“Scholarship Program”). All students from East High School, La Follette High School, Memorial High School, West High School or One City Schools in Madison, Wisconsin may apply for entry in the Scholarship Program. Up to 10 individual entrants will be selected to participate in the Scholarship Program. During the Scholarship Program, students will share and organically teach various financial concepts. Participants in the Scholarship Program will be eligible to be awarded scholarship money.
  2. SPONSOR & CONTACT INFORMATION.  The organization sponsoring and coordinating the Scholarship Program is Summit Credit Union, P.O. Box 8046, Madison, Wisconsin 53708-8046 (“Organizer”). If you have any questions relating to the Contest or this Agreement, please contact Amy Crowe, Financial Education Specialist, ( x2834.)
  3. LEGALLY BINDING RULES.  This Project Teen Money – High School Scholarship Program Rules and Participant Agreement (“Agreement”) contains the official rules for entering and participating in the Scholarship Program. By entering and/or participating in the Scholarship Program, you fully and unconditionally agree to and accept the terms of this Agreement and the decisions of the Organizer, which are final and binding in all matters related to the Scholarship Program. Your ability to participate and receive a scholarship through the Scholarship Program is contingent upon all the requirements set forth herein.
  4. ELIGIBILITY. To be eligible to enter and remain in the Scholarship Program (e.g., to be an “Entrant”), you must be: (a) a legal resident of the United States; (b) a student at East High School, La Follette High School, Memorial High School, West High School or One City Schools in Madison, Wisconsin; (c) a member of Summit Credit Union; and (d) at least 13 years old. If you are under eighteen (18) years old, you must also obtain the consent of your parents or legal guardian to enter/participate. Employees of Summit Credit Union and their immediate family members (spouses, parents, siblings and children) and/or those living in the same household with a Summit Credit Union employee are not eligible to enter the Scholarship Program. SCHOLARSHIP PROGRAM IS VOID WHERE PROHIBITED BY LAW.
  5. HOW TO ENTER.  Organizer will begin accepting applications from Entrants on January 9, 2023 at 9:00 a.m. Central Standard Time. All applications must be submitted online on or before March 5, 2023 at 11:59 p.m. Central Standard Time for consideration. Entries submitted after that time will be disqualified. You may enter at Organizer’s website ( To enter, you must: (a) complete the application form provided by Organizer; and (b) submit a video at a minimum of 30 seconds and maximum of 2 minutes answering the question "What are three tips you’d give teens to help them protect their money from scams?". Only one entry per person is allowed. Subsequent entries will be disqualified. All Entrants must acknowledge that they have read and agree to the terms of this Agreement at the time of entering.
  6. SUBMISSION REQUIREMENTS. To remain eligible for scholarships, Participants agree to meet the following criteria:
    1. All materials and videos submitted for the Scholarship Program (“Submissions”) must be original, unpublished works that do not contain any content, materials, photos, graphics or elements that are owned by a third-party or entity.
    2. Other people, including a person’s image, likeness or voice may not be used in any Submission.
    3. Submissions may not be derogatory, offensive, threatening, disparaging, libelous or contain any content that is inappropriate, indecent, sexual, profane, discriminatory, or otherwise does not comply with the theme and spirit of the Scholarship Program.
    4. Submissions may not contain content or material that is unlawful or otherwise in violation of the law.
    5. Submissions may not contain the trademarks, logos, slogans or brands of any third-party.
    6. Submissions may include video or photographs of public places. You may not include video or photographs of non-public places unless you first obtain express written permission from the owner of the property.
    7. All Submissions must be submitted on time in accordance with information provided by Organizer to the Participants.
  7. PARENTAL CONSENT. Participants who are chosen to participate in the scholarship program and are a minor must notify his/her parent or legal guardian and have their parent or legal guardian complete and sign the Project Teen Money – High School Scholarship Program Parental Consent Form. 
  8. JUDGING & SELECTION. Based on the information submitted in the written application and video submission, Organizer will review and judge all Submissions submitted by the Participants during the Scholarship Program and will, in its sole discretion, assign points to each Submission and will compile them to determine up to 10 total Participants from East High School, La Follette High School, Memorial High School, West High School and One City Schools (each a “Participant”) to participate in the Scholarship Voting. Each Submission will be evaluated and scored on the following criteria: (a) accuracy to education based on theme/topic assigned; (b) creativity and originality; (c) timeliness; and (d) adherence to any other information and guidelines provided by Organizer to Participants. Amy Crowe, Financial Education Specialist at Summit Credit Union, will serve as the central hub for the Scholarship Program where Participants may obtain information on updates and answers to any of their questions.
  9. NOTIFICATION. Selected Participants will be notified on or before March 17, 2023, by U.S. Mail, e-mail, and/or telephone, or at your school using the contact information provided by the Entrant in the application. 
  10. VOTING. The Scholarship Voting period will run April 3, 2023 – April 23, 2023, when Participant video submissions that were selected, as noted in Section 8, will be voted on by the public. Participants videos will be populated randomly on the SCU website. SCU reserves the right to select the final winner, regardless of number of votes casted.
  11. OWNERSHIP. Organizer will own all rights in and to the Submissions submitted by Entrants and Participants in connection with the Scholarship Program. Entrants and Participants acknowledge that by submitting Submissions for the Scholarship Program, she/he/they is assigning all rights in and to the Submissions to Organizer. To the extent any Submissions may not be assigned under law, Entrants and Participants hereby grant Organizer a worldwide, perpetual, exclusive, unrestricted, fully paid up, royalty free license to use the Submissions for any reason and in any manner, including to reproduce, adapt, modify, publish, distribute, publicly perform, publicly display, create derivative works from and otherwise use the Submissions without any attribution, prior approval from or compensation to the Entrant and/or Participant. Organizer does not guarantee that it will use or post any Submissions, however.
  12. WAIVER. By entering any Submissions in the Scholarship Program, you acknowledge and agree that other Participants will submit Submissions that may be similar or identical in theme, idea, format to your Submissions in this Scholarship Program. You waive any and all claims you may have had or may have that any Submissions and/or other works accepted, reviewed and/or used in this Scholarship Program may be similar to your Submissions. You also waive any right to earn compensation for your Submissions. Finally, you agree that Organizer is not responsible for any unauthorized use of your Submissions by any third parties.
  13. SCHOLARSHIPS. The Scholarship Program Participant that earns the most votes during the program will receive a $3,000 scholarship. Second place will receive a $2,000 scholarship, third place will receive a $1,000 scholarship, fourth and fifth place will receive a $750 scholarship and sixth-tenth place will receive a $500 scholarship. Participants may receive scholarships, however, only if they fully participate in the Scholarship Program and their Submissions comply with the criteria set forth in Section 11 above. Scholarships will be paid directly by Organizer to the accredited college, university or other institution of higher learning as designated by the Participants. Scholarships are not redeemable for cash and are not transferable.
  14. DECISIONS. Decisions of the Organizer’s judges are final and binding. In the event there are not enough eligible entries, not all scholarships will be awarded. Receiving a scholarship is subject to validation and verification of eligibility and compliance with the terms and conditions of this Agreement.
  15. RESPONSIBILITY FOR SCHOLARSHIP. If you receive a scholarship as part of this Scholarship Program, you understand and agree that you are solely responsible for the use of the scholarship and your admission to the institution of higher learning to which you have designated that scholarship apply. 
  16. REPRESENTATIONS AND WARRANTIES. Each Entrant and Participant represents and warrants that: (a) she/he/they is eligible to participate in the Scholarship Program; (b) all of their entries and Submissions comply with the terms of this Agreement; (c) the Submissions are original works and have not previously been entered into another contest; (d) the Submissions do not and will not infringe any third-party copyright, patent, trademark, trade secret or other intellectual property or proprietary rights of another; (e) the Submissions do not infringe the publicity or privacy rights of another; and (f) she/he/they has not violated any law by entering or participating in the Scholarship Program. Entrant/Participant agrees to indemnify and defend Organizer, its officers, directors, employees and agents from any losses, causes of action, injury or other actions in any way relating to the Scholarship Program and/or any violation by Entrant/Participant of the terms of this Agreement, provided that such losses are not caused by Organizer’s intentional misconduct or gross negligence.
  17. SOCIAL MEDIA. The Scholarship Program may be advertised or administered through social media platforms, such as Facebook and Twitter (“Social Media”). You understand and acknowledge that the Scholarship Program is in no way sponsored, endorsed, administered by, or associated with any Social Media platform on which it is offered or advertised, including Facebook and Twitter. You agree to adhere to all rules established by Social Media platforms and will not create multiple Social Media accounts, or repeatedly post duplicate or near duplicate information or links to enter into the Scholarship Program. Any information you provide for the Scholarship Program is being provided to Organizer rather than Facebook or any other Social Media platform. You fully release Facebook and all other Social Media from all claims, losses and harm that you may allege or incur relating to this Scholarship Program.
  18. GENERAL CONDITIONS. If the operation, security or administration of the Scholarship Program is impaired in any way for any reason, or if the Scholarship Program is unable to be run for any reason, as determined by Organizer in its sole discretion, the Organizer may suspend, cancel or terminate the Scholarship Program. Organizer reserves the right to disqualify any individual it finds to be tampering with the entry process, Submissions or the operation of the Scholarship Program, or acts in violation of the terms of this Agreement, or acts in a disruptive or unsportsmanlike manner.
  19. RELEASE AND HOLD HARMLESS. By entering the Scholarship Program, you agree to release and hold harmless Organizer, its parents, subsidiaries and affiliated entities, and each of their directors, officers, employees, attorneys, agents, and representatives from any damage, injury, expense, cost, death, loss, claim, action, demand, or other liability that may arise in connection with the Scholarship Program, participation in the Scholarship Program and/or any scholarship awards, including administration of the Scholarship Program (INCLUDING ANY ENTRY ERRORS OR JUDGING DECISIONS), including, without limitation, personal injury, death, and/or property damage.
  20. LIMITATIONS. Organizer shall not be responsible for lost, late or misdirected entries, or entries containing incorrect or incomplete information. Organizer is not responsible for any problems or technical malfunctions of any mail network, telephone network or lines, computer, on-line, or Internet systems or services, servers, computer equipment, software, failure of any email or entry or confirmation or winners notice on account of technical problems or traffic congestion on the Internet, problems with the Organizer’s website, or any combination thereof, including any injury or damage to Entrant’s or any other person’s computer resulting from downloading any materials in connection with the Scholarship Program. Physical Submissions become the property of Organizer and will not be acknowledged or returned.
  21. DISQUALIFICATION. Organizer reserves the right to disqualify any person tampering with the entry process or the Scholarship Program, the operation of the Organizer website, or who is otherwise in violation of this Agreement Rules or any laws.
  22. DISPUTES. Except where prohibited, all disputes relating to the Scholarship Program and/or any scholarship shall be resolved individually, without resort to any form of class action, and exclusively by the appropriate court in the State of Wisconsin. By entering the Scholarship Program, you agree to the extent possible, to venue of the courts in Dane County, Wisconsin. All questions concerning the construction, validity, interpretation and enforceability of this Agreement and the respective rights and obligations of the Organizer and Entrants/Participants shall be governed by and construed in accordance with the laws of Wisconsin.
  23. WINNER INFORMATION. For the name of the scholarship winners, please contact Organizer at: 1709 Landmark Drive, Cottage Grove, WI 53527: Attn: Amy Crowe Financial Education Specialist.
  24. MISCELLANEOUS. By signing the Project Teen Money – High School Scholarship Program Entry Form, Entrant/Participant declares that she/he/they understands the terms of this Agreement, have executed it voluntarily, and have received or have had the opportunity to receive the advice of counsel. Whenever possible, each provision of this Agreement shall be interpreted to be effective and valid under applicable law, but if any provision shall be held to be prohibited or invalid, such provision shall be ineffective only to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Agreement. Participant may not assign its registration to any other party without the express written agreement of Organizer. This Agreement constitutes the full and complete agreement between Organizer and Participant with respect to the Scholarship Program, and expressly supersedes any and all prior understandings, whether written or oral. This Agreement shall be binding upon and inure to the benefit of the parties hereto, their respective affiliates and their respective predecessors and successors.