MADISON, Wis. (1/8/15)--Summit CU, Madison, Wis., recently was awarded two prestigious awards for its work last year within the overarching cooperative movement.
First, the $2 billion-asset credit union won the Cooperative Builder Award, which is the Cooperative Network's highest honor.
The honor recognizes a member, employee or friend of a cooperative for his or her work advancing the cooperative movement at either the local, state, regional or national level.
Kim Sponem, Summit president/CEO, won the award for her work leading the credit union and for furthering the cooperative movement in Wisconsin.
"As a builder of credit unions, Kim deserves much credit," said Stephen Brobeck, executive director of the Consumer Federation of America. "But as an innovator who understands that credit unions do much more for members and communities than just provide low-cost, consumer-friendly financial services, she stands out as an effective visionary leader."
In addition to her 20 years of work with Summit, Sponem also serves on the Wisconsin Credit Union League Governmental Affairs Committee and the University of Wisconsin-Madison School of Human Ecology Board of Visitors.
Summit's CEO also serves as a board member for the Credit Union Executives Society, the Greater Madison Chamber of Commerce and the Consumer Federation of America.
Sponem was one of four recipients to receive the award.
Summit also recently received the TOP COOP Award of Merit in the Involvement and Mobilization category, as part of the second annual International Summit of Cooperatives last year.
The Madison-based credit union earned the award for its Co-op Connection program, a free public event to celebrate cooperatives and their contributions to the communities they serve.
The most recent Co-op Connection event attracted nearly 3,000 attendees.
"Despite the chilly weather, folks came out to learn about cooperatives and the value they bring to communities," Sponem said. "Our goals for the event were met and then some."