Summit Credit Union fuels young adults pursuing higher education

Local member-owned lender to award three $1,500 scholarships

MADISON, WI (January 30, 2018) — Summit Credit Union is now accepting applications for its annual Board of Directors Scholarships, which reward members who are high school seniors or currently enrolled in college. Each year, the Board of Directors Scholarships awards three $1,500 continuing education grants to help its young adult members pursue higher education and enrich their lives for years to come.

“At Summit, we believe in the power of education to fuel a richer life for anyone who wants to learn,” said Summit CEO & President Kim Sponem. “We give scholarships to empower our younger members to go after the lives they imagine. It’s our way of showing we really believe in students, and we’re here to support them.”

Applications must be submitted to Summit Credit Union via postal mail by Wednesday, Feb. 28. External credit union professionals will review applications throughout the month of March. All applicants will be notified of their submission status by April 28, 2017, with winners being announced at Summit’s annual member celebration, Summit Fest, in May. To be eligible for consideration, students must be members of Summit Credit Union as of Jan. 1, 2018, through an individual or joint account and have a cumulative GPA of 3.0 or higher.

Summit supports area youth through a variety of other initiatives including their three in-school branches at Madison East, Memorial and La Follette high schools.

Over the past two years, Summit has given nearly $40,000 in scholarships to students throughout Madison and Milwaukee. For more information about the Board of Directors Scholarships and to download an application, visit

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 or call 608-243-5000 or 800-236-5560. For additional media information, visit or follow Summit on Facebook and Instagram.


Jason Waller
Cell: 608-698-5948
Work: (608) 243-5000, ext. 6862

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