FOR IMMEDIATE RELEASE
February 7, 2013
Contact:Cheryl Van Tessier, APR, (608) 467-4408,
ctessier@finessepr.net
Tania Widish, (608) 243-5000X4701
Tania.widish@summitcreditunion.com
APPLICANTS SOUGHT FOR SUMMIT CREDIT UNION’S FIFTH-ANNUAL ‘PROJECT MONEY’
March 16 is application deadline for reality-based financial challenge
MADISON, Wis. — “Our stress levels regarding money and finances have reduced substantially.” “I’m on track to pay off my debt and it’s liberating.” “Your life can turn around in a few short months.”
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 16, 2013, 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.
“You just need to get started, that’s the most important thing,” said Robin Massey, 2012 Project Money contestant. “Don’t put it off because you’re overwhelmed. We had never done anything with savings ever, in our entire lives. And now we have a substantial amount in our savings account for the first time.”
In Feb. 2014, 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 2012, the participants boosted their savings by $63,879 and decreased their debt by more than $51,900. In total over the past four years, Project Money participants have collectively increased their savings by $111,473 and decreased their debt by more than $158,000.
About Summit Credit Union:
Established in 1935, Summit Credit Union is a member-owned financial cooperative open to anyone in Wisconsin. Summit holds $1.8 billion in assets and has more than 125,000 members with a total of 23 locations throughout the Madison and Milwaukee areas. For more information, visit www.summitcreditunion.com or call (608) 243-5000 or (800) 236-5560.
