Madison-area students develop healthy money habits with Summit Credit Union’s Project Teen Money program
Annual financial challenge teaches skills, awards scholarships to eight high schoolers
MADISON, WI (February 4, 2020) — Summit Credit Union has launched its seventh annual Project Teen Money program, a challenge between students from Madison-area high schools that encourages financial education.
Students will create a series of three videos aimed to help their peers with financial education and empowerment. In each 30- to 90-second video, participants will educate their peers with smart tips around giving, saving and spending money. Video submissions will be featured on Summit’s website and social channels throughout February and March, while participants will also use social media themselves to spread the message and inspire their classmates to take action.
The competition is conducted through Summit’s in-school branches at Madison’s East, West, La Follette and Memorial high schools, with two students at each school competing to win the grand prize $2,500 continued education scholarship. Each remaining participant will receive a $500 scholarship.
“The best time to create a strong foundation of financial knowledge is early in your financial life, and Project Teen Money helps put those building blocks in place,” said Summit Credit Union CEO & President Kim Sponem. “We’re excited to see how the participants bring smart money management tips to life as they help inspire their peers to save, spend and give wisely.”
Fellow students, families and community members are encouraged to take part in the competition by voting for their favorite videos. The winner will be selected according to vote totals for video submissions along with scoring from an independent panel based on criteria such as accuracy, creativity and originality.
To learn more about this year’s participants and cast your votes for your favorite videos, visit summitcreditunion.com/project-teen-money/vote.
About Summit Credit Union (WI)
stablished in 1935, Summit Credit Union is a member-owned financial cooperative. Summit holds $7.3 billion in assets and has more than 261,100 members and 920 employees across 60 locations throughout Wisconsin. Since 2002, Kim Sponem has been CEO & President of Summit Credit Union, formerly known as CUNA Credit Union/Great Wisconsin Credit Union.
Summit was named to the Forbes list of America’s Best-In-State Credit Unions 2024. Summit was also recognized in 2024 for continued excellence in employee engagement as a Top Workplace USA by USA Today for the fourth consecutive year and a Top Workplace in the Madison area by the Wisconsin State Journal for the fifth year in a row. The Milwaukee Journal Sentinel named Summit a Top Workplace in Milwaukee in both 2023 and 2024. Additionally, and representative of its focus on financial education, Summit received the Governor’s Financial Literacy Award in 2010, 2014, and 2016 and the Governor’s Financial Literacy Award – Legacy in 2019.
For more information, visit summitcreditunion.com or call 608-243-5000 or 800-236-5560.
For additional media information, visit summitcreditunion.com/about-summit/press-room or follow Summit on Facebook and Instagram.
