Summit Credit Union announces teams for Project Money season 11
Annual competition encourages financial education, empowers community
MADISON, WI (June 11, 2019) — Summit Credit Union has launched its 11th Project Money competition with the announcement of its 2019 participants. Four teams were selected from hundreds of applicants to participate in this year’s program and will compete to reduce debt and increase savings on their way to achieving their financial goals.
“Project Money is a chance for participants to take a close look at their financial situation and, with the help of a coach, find the best ways to reduce debt and increase their savings,” says Summit Credit Union CEO & President Kim Sponem. “By following along on our website thousands of people can benefit. We hope people following along will be inspired to make healthy financial decisions in their own lives, too.”
Throughout Project Money, each team will work directly with their own Summit financial coach, who will use strategies and tools to help them reach their goals. At the competition’s end in February of 2020, Summit will award a $10,000 cash prize to the team that earns the most points for overall increase in savings, debt reduction and participation in program events. All runners-up will receive a $2,500 prize.
The 2019 Project Money Teams are:
- Team Emily and Ginger: With their family now complete, busy moms Emily and Ginger hope to reduce their student loan debt while starting an education fund for their two young children.
- Team Becky and Steve: With college expenses for their two teenage children on the horizon, Becky and Steve aim to cut into their debt while building savings for the future.
- Team Emily: Emily is a first-time homeowner looking to increase her financial literacy. Currently living without a budget, she is motivated to learn and maintain healthy spending habits.
- Team Jeff and Sue: Jeff and Sue are eager to rebuild a comfortable savings and look ahead to retirement following Sue’s journey with breast cancer and a number of unexpected expenses.
Throughout the competition, each team will share updates on their progress with the greater community through Summit’s Money Smarts blog and on its Facebook and Twitter pages. Each month, teams will appear live, in studio on Madison’s NBC 15 with anchors John Stofflet and Amy Pflugshaupt to discuss their progress, challenges and motivations during Project Money.
Over the past decade, Project Money participants have collectively increased savings by $370,118 while reducing debt by $418,738.
To learn more about Project Money and this year’s participants, visit https://www.summitcreditunion.com/project-money.
About Summit Credit Union (WI)
Established in 1935, Summit Credit Union is a member-owned financial cooperative. Summit holds $6.8 billion in assets and has more than 252,000 members and 967 employees across 57 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.
Recognized for its excellence in employee engagement, in 2021, 2022 and 2023 Summit was named both a Top Workplace in the USA by Top Workplaces USA and a Top Workplace in the Madison area by the Wisconsin State Journal. In 2023 it has added a Top Workplace award in Milwaukee by the Milwaukee Journal Sentinel.
For more information, visit www.summitcreditunion.com or call 608-243-5000 or 800-236-5560.
For additional media information, visit https://www.summitcreditunion.com/about-summit/press-room or follow Summit on Facebook and Instagram.
