Project Money 2025
Description
Project Money is a unique chance to work with a Summit Financial Coach to help simplify your finances and improve your life. We’ll help you get your arms around your money. We’ll show you how to take control of your pitfalls. We’ll dare you to dream. All in an effort to put yourself in a better financial position than you are today.
Throughout the journey, we’ll document your progress for the entire community to see and learn from. At the end of the 7-month challenge, we’ll see which participant demonstrates the most change, and the winner will be rewarded with a $10,000 prize, while the other three participants will each receive $2,500.
Whatever intersection you find yourself in, whatever challenges you’re having, whatever goal you might be pursuing, the time is now.
JOIN IN THE CHALLENGE TODAY.
Thank you for your interest in applying for Project Money.
This application has three parts, it is helpful to gather several items prior to starting the application, however you can save your progress and access your application again!
Part 1 – Personal Information including any other members of your household, immediate family or anyone who resides at your address.
Part 2 – Your Story, a chance to tell us more about you. Tell us about your family’s current financial situation and why you want to be part of Project Money. What are your goals. Consider this question: “I want to change my financial habits so I can…”
Part 3: Your Financial Information, including detailed saving, spending and debt information. Pease gather your monthly bills, loan and credit card statements as you will need to provide monthly payment and balance information, including how much you spend on things like groceries, eating out, clothing, etc.
Part 4: Your signed application
(We recommend Google Chrome for the best user experience for the application)
Selection Process
1) To be eligible for Project Money 2025 you and your family:
Must be a citizen(s) or legal resident(s) of the United States
Must be a Summit Credit Union member(s) or eligible to join Summit Credit Union and willing to open transactional accounts for purposes of monitoring contest results
Must demonstrate a need for Project Money and a willingness to significantly improve your financial situation For example to:
Reduce debt to create a savings plan
Create a savings plan for retirement, tuition, home down payment
Must be willing to develop a savings goal and provide monthly reports on progress and results
Must be willing to work closely with Summit Credit Union Financial Coaching Team
Must be willing to reveal and share financial situation with the public
Must be comfortable being interviewed for print and electronic media discussing participation in Summit Credit Union’s Project Money 2025
All family members of household must agree to participate in program. If living with significant other, both must participate (submit separate financial information if necessary)
Must not have declared bankruptcy in the last 12 months
Must not have caused Summit Credit Union a loss
2) If selected as a participant in Summit Credit Union’s Project Money 2025, you must execute all waivers and release agreements required by Summit Credit Union.
3) Applications will only be considered if they are complete. Complete applications will include the following information:
Completed personal information and story
Completed personal financial information
Completed Waiver
For full terms and conditions, click HERE.
TO PARTICIPATE IN THIS OPPORTUNITY, PLEASE COMPLETE AN APPLICATION.
Applications will be reviewed by a committee of credit union employees. The committee will select a pool of applicants to be interviewed. Prior to the interview, applicants will be subject to a background check. Those applicants that pass the background check will be interviewed, and from that pool, the four participants will be chosen (in addition to any alternates). If you are not selected, we will notify you via email.
Throughout the remainder of the year, participants will work towards their goals – working with financial coaches, writing blogs, completing various media interviews, attending educational sessions, etc. The contest will end December 31, 2025.
A committee of credit union employees will review participants’ results in January 2026 and a winner will be determined. The winner will be announced in March 2026. Any and all materials sent to Summit Credit Union in support of your application will be retained by Summit Credit Union, will become the property of Summit Credit Union’s Project Money 2025, and will not be returned to you regardless of whether or not you are selected as a participant. Any expenses you incur during the application process, including postage and materials preparation are your responsibility. Summit Credit Union will not reimburse you for these expenses. Only one application per individual or family is permitted. All decisions of Summit Credit Union are final, absolute and not subject to inquiry.
The $10,000 prize will be awarded to the individual/family that earns the most points during the contest. Points will be awarded in three categories:
Increase in savings — based on the percentage increase
Debt reduction — based on the percentage decrease
Participation in program events — examples of program events include: educational sessions, coaching meetings, submitting web blogs, media interviews, following coach’s recommendations, etc.
