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Learn who’s growing, changing, moving and more! Stay on top of what’s new with your neighboring businesses. We share news releases and announcements from your peers in the Madison area. Want to toot your own horn? Use our Submit Member News form to share your own stories.

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Summit Credit Union joins global banking network

FOR IMMEDIATE RELEASE

Media Contact:
Jason Waller
(608) 243-5000
publicrelations@summitcreditunion.com 

Summit Credit Union joins global banking network 
Values-based banking supports people, planet and prosperity as shared purpose 

MADISON, Wis. — Summit Credit Union announces it has joined the prestigious Global Alliance for Banking on Values organization, an international network of financial services leaders dedicated to global values-based banking.  

Founded after the 2008 financial downturn, the 70-member alliance provides a collaborative network for bank leaders in 45 countries looking for strong bottom lines while also addressing climate issues, racial justice, and economic equality. 

GABV’s mission supports its belief that banks are not simply intermediaries of money but rather critical agents of change. It points to research that values-based banking also delivers better and more stable returns for the industry.  

“Summit is a values-based organization and the GABV mission is an excellent fit for us in moving financial and environmental sustainability forward. We look forward to contributing to the global community of values-based banking for the good of our members and our community,” said Kim Sponem, Summit Credit Union’s CEO and President.  

The invitation-only GABV annual meeting in New York City entitled “Banking on a Bolder Future” highlighted the impact that values-based banks have played and the growing importance of mission-aligned institutions in the banking space and beyond.  

About Summit Credit Union    

Established in 1935, Summit Credit Union is a member-owned financial cooperative. Summit holds $6.4 billion in assets and has more than 245,000 members and 956 employees across 56 locations throughout south-central and southeastern Wisconsin. Since 2002, Kim Sponem has been CEO & President of Summit Credit Union, formerly known as CUNA Credit Union/Great Wisconsin Credit Union.  

Recognized for its excellence in employee engagement, in 2021, 2022 and 2023 Summit was named both a Top Workplace in the USA by Top Workplaces USA and a Top Workplace in the Madison area by the Wisconsin State Journal. In 2023 it has added a Top Workplace award in Milwaukee by the Milwaukee Journal Sentinel.

For more information, visit www.summitcreditunion.com or call 608-243-5000 or 800-236-5560.  

For additional media information, visit https://www.summitcreditunion.com/about-summit/press-room or follow Summit on Facebook, Instagram and Twitter

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WPS Health Solutions hires new Chief Growth Officer

FOR IMMEDIATE RELEASE

Contact:
DeAnne Boegli
Vice President of Communications
608-512-5754
deanne.boegli@wpsic.com

WPS Health Solutions hires new Chief Growth Officer
New role is focused on innovation, growth

MADISON, Wis.—June 13, 2023—WPS Health Solutions has hired Rochelle Myers as its new Chief Growth Officer, effective June 20. She will lead strategy, business development, government relations, marketing, and new product development in support of the company’s mission of making health care easier for the people it serves.

“Rochelle brings over 20 years of diversified experience to WPS with an exceptional track record of driving growth,” WPS President and CEO Wendy Perkins said. “We are committed to growth in commercial health insurance and in federal contracting work. Her experience in new product development and innovation will help us expand our offerings and continue to make health care easier for the people we serve.”

Myers will become a member of the company’s Enterprise Leadership Team and report to Perkins. Prior to joining WPS, she served in leadership roles with Accenture, Medica Health Plan, Sanford Health Plan, and as Chief Strategy Officer for Blue Cross and Blue Shield of Minnesota. Myers has developed and driven growth strategy for health companies from $25 million to $12 billion in revenue across government markets, commercial markets, and digital health businesses.

“This is an exciting time to join WPS Health Solutions and be part of a team that will position the company for growth and resilience into the future,” Myers said. “I have long admired WPS Health Solutions for its history of innovation, strong culture, and community commitment.”

Myers will be the company’s first Chief Growth Officer, partnering with the CEO, executive leadership team, and Board of Directors to drive growth, innovation, and new sources of value.

About WPS Health Solutions®

Wisconsin Physicians Service Insurance Corporation (WPS Health Solutions), founded in 1946, is a nationally regarded benefits administrator for a variety of U.S. government programs and a leading not-for-profit health insurer in Wisconsin. WPS Health Solutions serves active-duty and retired military personnel, seniors, individuals, and families in Wisconsin, across the U.S., and around the world. WPS Health Solutions, headquartered in Madison, Wis., has more than 2,600 employees. Within the enterprise, there are three divisions: WPS Government Health Administrators, WPS Military and Veterans Health, and WPS Health Insurance/WPS Health Plan/EPIC Specialty Benefits. For more information, please visit wpshealthsolutions.com.

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StartingBlock Madison: Present at 1 Million Cups

Sharing your business at a 1MC event gives you the opportunity to connect with an active and engaged community of fellow entrepreneurs

  • Refine your presentation and elevator pitch.
  • Join a community to receive support, including coaching from 1MC organizers.
  • Continue to present your business — in another city or after you have made significant changes.
  • Receive feedback from a diverse audience.
  • Potentially gain exposure to new markets and people.
  • Potentially receive local, regional or national media coverage of your startup.

Learn more here.

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WWBIC South Central Job Posting

For more information, contact:
Cheryl Vandenburgt
South Central Regional Project Director
608-219-0219
cvandenburgt@wwbic.com

WWBIC South Central Job Posting

Wisconsin Women’s Business Initiative Corporation (WWBIC) is a CDFI organization that has served 72,709 clients since its inception 36 years ago. Since 1987, we have also loaned more than $107 million to small business borrowers and helped entrepreneurs create and retain 18,027 jobs. In 2022 alone WWBIC closed $8,511,667 in small business loans, the SBA Payment Protection Program (PPP) ($2.7 million), and Community Block Development Block Grant (CDBG) forgivable loans ($240,000) and KIVA loan ($720,000). We remain central to the small business recovery and restart here in Wisconsin by supporting micro and small businesses in our local communities and throughout the state – those creating jobs and employment while providing needed products and services.

We are currently recruiting for an individual to support our mission in the following capacity.

Outreach Specialist – Madison, WI (South Central)

The Outreach Specialist is a part-time position responsible for specific targeted outreach and partnership efforts for the South Central region at WWBIC and for coordinating and expanding WWBIC’s small business education and lending programs in targeted markets.

The qualifications for this position are a minimum of three to five years of experience in an administrative position and HS Diploma is required. An associate’s degree and experience working with small businesses or in economic development, preferably with a focus on service to low-to-moderate- income individuals are preferred. Must have solid Microsoft Office skills and the ability to function independently in a fast-paced work culture. Excellent relationship-building, flexibility, resourcefulness, organization, and communication skills are critical for success. Must have the ability to work occasional evening and weekend hours. Valid driver’s license & proof of insurance is required, as there will be travel associated with this position.

To apply, please email a letter of application, resume & salary requirements to jobs@wwbic.com

For more information, contact Cheryl Vandenburgt, cvandenburgt@wwbic.com or 608-219-0219

To learn more about WWBIC visit: www.wwbic.com.

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Capitol Bank Announces Michael Johnston as SVP Commercial Lending

For Immediate Release

Tracy Brooks
Marketing Director
Capitol Bank
710 N. High Point Road
Madison, Wisconsin 53717

Capitol Bank Announces Michael Johnston as SVP Commercial Lending

Madison, WI (June 2023): Justin Hart, President of Capitol Bank, is pleased to announce that Michael Johnston has joined the Capitol Bank team as Senior Vice President, Commercial Lending.

Michael has over 23 years of commercial banking experience within the local Madison market along with an extensive background in complex loans and credit structure. He holds a bachelor’s degree in business administration and finance from the University of Iowa.

“Michael’s depth in commercial lending experience and his appreciation of community banking relationships makes him an excellent addition to Capitol Bank and its business clients,” said Hart.

His hobbies include running, golfing, traveling and spending time with his two daughters, family and friends.

About Capitol Bank: Capitol Bank, locally-owned and operated since 1995, is committed to serving the communities in which we live, work and do business. We are proud of the partnerships we have established with organizations, businesses and individuals in the Dane County area. Our philosophy of community support is demonstrated at the corporate level, as well as in the time and energy our employees devote to our community each year. Capitol Bank is Member FDIC and an Equal Housing Lender.