Summit Credit Union Talks Jobs With Obama Administration Official
Kim Sponem, president/CEO of Summit Credit Union, was one of several Wisconsin leaders who recently met with an official from President Obama’s administration to discuss business ideas, job creation and economic development.
The May 7 meeting at the White House took place with Mike Pyle, special assistant to the president, National Economic Council, among others.
Sponem said she was invited by Madison Mayor Paul Soglin to attend the meeting, which was facilitated by Business Forward, a Washington-based non-profit organization formed in 2008 by a group of major corporations including AT&T, Ford, Facebook, Hilton Hotels and McDonald’s.
At the roundtable meeting, Sponem discussed the importance of the Credit Union Small Business Jobs Bill (S. 2231). Business leaders in attendance were supportive of the legislation, which would raise the credit union member business lending cap to 27.5% of assets, from its current 12.25%, according to the $1.7 billion Summit in Madison.
“I was honored to be a part of a discussion on economic development and job creation, and was pleased to be able to share with the administration how important it is that the cap on small business lending be raised for credit unions,” Sponem said in a statement.
Soglin was an attendee and supporter of Summit’s inaugural Co-Op Connection event held last October. More than 350 visitors attended the event, which was formed in partnership with 25 other co-ops to celebrate cooperatives and all that they contribute to their communities, according to Summit.
The credit union’s next Co-Op Connection event will take place Sept. 29.