Summit Credit Union: Applicants sought for third annual ‘Project Money’

For more information, contact:

Cheryl Van Tessier, Finesse Public Relations LLC

(608) 467-4408, [email protected]

Rebecca Gerothanas, Summit Credit Union

(608) 243-5000X4700, [email protected]

March 31 is application deadline for reality-based financial challenge

MADISON, Wis. — “Our entire future has a brighter outlook.” “We don’t worry about our finances anymore.” “It’s been an amazing journey… a journey that I was blessed to be a part of.”

These are just some of the accolades from last year’s 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 31, 2011, and can be found at: You do not need to be a member of Summit Credit Union to apply.

“It’s better to give it a shot than not,” said Rachel Seltzner, 2010 Project Money winner. “Just getting started is the big thing, so if that helps you get motivated to apply for Project Money, then go for it!”

Each year since 2009, Summit Credit Union’s Project Money competition has given four contestants (individuals or families), the opportunity to work one-on-one with a financial coach for seven months to improve their finances. Collectively, the participants have boosted their savings by $21,669 and decreased their debt by nearly $73,000. Most importantly, each team walked away with the tools for a future of financial success—as well as a prize of $2,500 for each runner up and $10,000 for the grand prize winner.

Beginning in May, each participant will work with a Summit financial coach for seven months, who will provide them with customized tools and advice they need to accomplish their goals. Their ongoing progress and unique stories will be accessible on Summit’s web site and Facebook page (, as well as in various media outlets, serving as a learning tool for the entire community.

Community members may also visit Summit’s Facebook page and “like” the page to receive updates and additional information about the program.

In January 2012, a winner will be determined based on increase in savings, reduction 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.

About Summit Credit Union:

Established in 1935, Summit Credit Union is a member-owned financial cooperative open to anyone in Wisconsin. Summit holds $1.5 billion in assets and has more than 118,000 members with a total of 24 locations throughout the Madison and Milwaukee areas. For more information, visit or call (608) 243-5000 or (800) 236-5560.