Summit Credit Union recently launched its sixth annual Project Teen Money program, a fun and unique challenge between Madison-area high school students to encourage healthy financial habits. Conducted through Summit’s in-school branches at Madison’s East, La Follette and Memorial high schools, the winner of the competition will take home a $2,500 scholarship toward higher education. Each remaining participant will be awarded a $500 scholarship.
“Learning money management skills early helps teens make smart financial decisions throughout their lives,” said Summit Credit Union CEO & President Kim Sponem. “We’re excited to watch all the Project Teen Money participants share tips and encouragement that their peers can use now and in the future.”
Two students from each high school have been selected to create three videos aimed to help their peers with financial education and empowerment. Participants will create a series of 30- to 90-second videos encouraging their classmates to save more, spend wisely and give back to their communities. Video submissions will be featured on Summit’s website and social channels throughout February and March while participants also use social media to spread the message and engage their classmates.
Fellow students, families and community members are able to get involved in the competition by voting for their favorite videos from the participants each month. The winner will be selected according to votes for video submissions combined with scoring from an independent panel judging 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-