Summit Credit Union announces teams for 10th Project Money season
Milestone year continues to boost financial education, empower larger community
MADISON, WI (June 12, 2018) — Summit Credit Union launches its 10th annual Project Money program this week with the announcement of its 2018 teams. From hundreds of applicants, four teams, including a Milwaukee couple, were selected for the program’s milestone season. The teams work to reduce their overall debt and increase savings on their way to better financial management and improved daily lives.
“Project Money helps participants work with a coach to find helpful methods in reducing debt and increasing savings that work for them, says Summit Credit Union CEO & President Kim Sponem. “And, by following on our website, anyone can benefit. We hope people throughout the state will follow along and be inspired to take control of their finances and start living the lives they want.”
Throughout Project Money, each team will work directly with a Summit financial coach, who will guide them with strategies and tools to make smart financial decisions. Culminating in February of 2019, the team that earns the most points will receive a $10,000 cash prize from Summit, while all runners-up receive $2,500. Points are rewarded for overall increase in savings, debt reduction and participation in program events.
The 2018 Project Money Teams are:
- Team Jaclyn & Kiara: Recently married, Jaclyn and Kiara want to reduce their spending, so they can start saving for bigger goals, especially buying a home and starting a family.
- Team Angie & Cris: Angie, Cris and their two kids are always on the go. Cris is a carpenter, and the couple wants to save enough money for him to start building their family’s dream home.
- Team Sara: Sara is a recently divorced teacher with three kids. Taking the financial reins for the first time since the divorce, Sara is eager to learn how to manage her money wisely.
- Team Megan & Scott: In the midst of planning their 2019 wedding, Megan and Scott want to keep their celebration on budget while also developing healthier financial habits all around.
Throughout Project Money’s duration, each team will share their journey with the greater community through Summit’s Money Smarts blog and on its Facebook and Twitter pages. Additionally, each month a Project Money team will appear live in-studio on Madison’s NBC15 with Anchor Leigh Mills to discuss their challenges, wins and motivations.
Over the past decade, Project Money participants have collectively increased savings by $307,132 while reducing $354,254 in debt.
To learn more about Project Money and this year’s participants, visit https://www.summitcreditunion.com/project-money.
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.
