MADISON, Wis. – Summit Credit Union has named the winner of its Project Teen Money.
Cooper Smith from Madison’s East High School was selected as the winner of the initiative.
Summit Credit Union’s Project Teen Money is designed to help young adults achieve financial success – “not just the participants, but also their friends and families who viewed their videos.”
Ten students from Madison’s East, La Follette, Memorial and West high schools were selected as finalists to compete for top scholarships.
According to Summit CU, this year, the applicants submitted a short video addressing this question: What are three tips you’d give to other teens to help them protect their money from scams?
The Winning Advice
“The winning advice from (Smith) was to change your passwords frequently and make sure they are strong and complex, don’t share sensitive or personal information over email or the phone, and always call your financial institution to verify they are contacting you,” the credit union said.
The video can be viewed here.
“Congratulations to Cooper and all the Project Teen Money finalists,” said Summit Credit Union CEO and President Kim Sponem. “What I love about this program is that teens are teaching teens about financial wellness. There was a lot of great advice, all presented in creative ways. Hopefully, everyone who watched these videos learned some tips to keep their finances safer.”
How it Works
According to Summit Credit Union, using points-based scoring criteria, 10 finalists were chosen and featured on the Summit Credit Union Project Teen Money web page. Then the public voted for their favorite.
The $6.4-billion Summit CU said all 10 will now receive scholarship money with $3,000 going to the winner, $2,000 to second place, and $1,000 to third. Fourth and fifth placed will receive $750 and all remaining runners-up will receive $500.
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