Summit Credit Union’s Project Teen Money awards local student $2,500 scholarship

Annual interactive video challenge encourages area students to develop healthy money habits

MADISON, WI (April 11, 2019) — Summit Credit Union has announced the winner of its Project Teen Money 2019 program, an annual interactive challenge encouraging students to learn about finances. Eliza Kuhlow, a Senior at Madison La Follette, earned the highest point total and took home a $2,500 continuing education scholarship from Summit.

“Project Teen Money was created with the goal of helping teens not only learn smart money management tips, but also teach those tips to their peers using videos,” said Kim Sponem, CEO & President of Summit Credit Union. “I love the research and creativity they put into pulling these together, often soliciting the help of friends and family, and posting their videos to help others.”

Each year, Project Teen Money features six students, two each from Madison’s East, La Follette and Memorial high schools, motivating their classmates to learn about money management. Through a video series, participants educate their peers with smart tips around giving, saving and spending money.

Beginning in January, participants published three 30- to 90-second videos on Summit’s website while their families, classmates and community members vote for their favorites. Submissions were awarded points on the basis of timeliness, accuracy, originality and creativity.

Eliza will attend the University of South Florida next year and plans to study education to become a teacher. “I have always wanted to be a teacher and can’t wait to further my knowledge at the University of South Florida, ” said Eliza. “This scholarship from Summit will help me to pursue my passions throughout my college career and beyond.”

In addition to the $2,500 first place scholarship, each of the remaining five Project Teen Money participants received a $500 continuing education scholarship from Summit Credit Union. To learn more about Summit’s annual Project Teen Money program, visit

About Summit Credit Union (WI)

Established in 1935, Summit Credit Union is a member-owned financial cooperative. Summit holds $5 billion in assets and has more than 226,000 members and 799 employees across 49 locations throughout south-central and southeastern Wisconsin. Kim Sponem has been CEO & President of Summit Credit Union, and its predecessor organization, CUNA Credit Union/Great Wisconsin Credit Union, since 2002. Recognized for its excellence in employee engagement, Summit was named a Top Workplace in the USA in 2021 and 2022 by Top Workplaces USA and a Top Workplace in the Madison area for 2022 and 2021 by the Wisconsin State Journal. For more information, visit or call 608-243-5000 or 800-236-5560. For additional media information, visit or follow Summit on FacebookInstagram and Twitter


Media Contact:

Stephanie Tervort
(608) 243-5000

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