Applicants Sought for Summit Credit Union's 6th-Annual 'Project Money'

Feb. 28, 2014

“The past 7 months have been some of the toughest, yet most rewarding months for our family.” “We used to hate talking about money and it was a real stress on our relationship. Now that we have a plan and some realistic goals, we thoroughly enjoy discussing our finances because we are both on the same page.” “We went on a ‘spending diet,’ worked out hard with our ‘personal trainer’ and are now more fiscally fit for the future…”
These are just some of the accolades from previous Project Money participants.

It’s now your turn to throw your hat into the ring to become a competitor in the next
Summit Credit Union Project Money challenge. Applications are now being accepted for
the reality-based financial challenge until March 15, 2014, and can be found at: Summit’s web site. You do not need to be a member of Summit Credit Union to apply.

From May through December, each participant will work one-on-one with a Summit financial coach to reduce their debt and increase their savings. Their ongoing progress and unique stories will be accessible on Summit’s web site, as well as in various media outlets, serving as a learning tool for the entire community.

“Whether we ultimately won the big prize or not, is not the bottom line for me,” said Troy Cross, 2013 Project Money contestant. “The fact that we were able to recognize how we got into the situation that we were in and now that we have learned how not to do it again, makes us winners.”

In Feb. 2015, a winner will be determined based on percent increase in savings, percent decrease in debt and participation in program events. The winner will receive a grand prize of $10,000, and runners up will each receive $2,500.

Each year since 2009, Summit Credit Union’s Project Money competition has given
four contestants (individuals or families), the opportunity to work with a financial coach to improve their finances. In 2013, the participants boosted their savings by $40,484 and decreased their debt by $62,916. In total over the past five years, Project Money participants have collectively increased their savings by $151,957 and decreased their debt by $221,569.

About Summit Credit Union:
Established in 1935, Summit Credit Union is a member-owned financial cooperative open to anyone in Wisconsin. Summit holds $1.9 billion in assets and has more than 131,000 members with a total of 26 locations throughout the Madison and Milwaukee areas. For more information, visit www.summitcreditunion.com or call (608) 243-5000 or (800) 236-5560.
# # #

Community Watch

» 2016 Fourth of July events in the Milwaukee suburbs Updated:  01:20 PM

» West Allis sixth-grader in top 27 in nation in science competition 01:15 PM

» Some neighbors complain of noise from House of Harley, Greenfield 12:56 PM

» Gun, ammunition sales in Greenfield might soon require public hearings 10:23 AM

» Initial Reaction Podcast: A look ahead to US Open 2017, look back at Champions Tour event in Madison Updated:  6/29

» West Allis pair confess to kidnapping, killing pregnant woman 6/28

» Preliminary West Allis school budget wipes out $4.2 million in red ink 6/28

» Bicycle ride share proposal could be rolling soon in West Allis 6/28

» More decorative bike racks could add panache to West Allis locales 6/28

» West Allis taps into tool to help get foreclosed properties fixed up 6/27

» West Allis hears 72nd Street residents who don't want bumpouts 6/24

» West Allis helping fledgling craft brewery get started 6/24

» Burglaries at 10-year low in West Allis, robberies hit 10-year high Updated:  6/23

» Man, 21, charged in fatal accident on 76th Street in Greenfield 6/21

» Greenfield couple calls police on their attacking cat 6/21

» Video: Greenfield going full speed to become its own internet provider 6/21

» Greenfield man charged in fatal crash 6/20

» Early morning fire destroys garage in Greenfield, spreads to house 6/20

» Initial Reaction Podcast: MLB Draft's Wisconsin flavor and WIAA's postseason model Updated:  6/15

» After facelift, Greenfield Park Golf Course re-opens to rave reviews Updated:  6/15

» A new Layton Avenue Baptist Church is rising in Greenfield through skill and faith 6/14

» Charcoal grill tips over, causes fire at Greenfield home 6/13

» West Allis foundry faces possible fines of $62,370 Updated:  6/13

» Vape shop caught up in CBD legality debate 6/9

» Initial Reaction Podcast: Steve Showalter's switch to Menomonee Falls and Brookfield East's dominance Updated:  6/9

View All Posts Got a tip? Welcome rss

Best Summer Ever

 

We've made it easy for you to get out and go this summer. From hitting the trails for a bike ride or walk, to where to find beer gardens in the area, to the best places to swim in Waukesha County to the best summer drinks and summer reads, check out our 2016 summer guide.

Advertisement

Advertisement

CONNECT