Consumer finance expert is well-known for innovative leadership
MADISON, Wis.-July 27, 2015
Kim Sponem, an expert in consumer science and personal finance, has been elected to the Board of Directors for Wisconsin Physicians Service Insurance Corporation, doing business as WPS Health Solutions.
She is President and Chief Executive Officer of Madison-based Summit Credit Union, the second-largest credit union in Wisconsin, with $2.2 billion in assets and 135,000 members.
“Kim Sponem is a dynamic and visionary executive who has outstanding credentials and a track record of innovative leadership and effective change management,” said WPS Health Solutions President and CEO Mike Hamerlik. “Kim understands the marketplace from a consumer’s point of view, and we are excited to tap her expertise as an additional member of our Board of Directors.”
Sponem is well-known in Wisconsin and the credit union community for her volunteer leadership positions.
She is a member of the Madison Area Chamber of Commerce Board, Consumer Federation of America, and Federal Reserve Bank of Chicago’s Community Depository Institutions Advisory Council. She also is Chair of Corporate Central Credit Union (a credit union for credit unions).
Through her leadership, Summit is committed to financial education in the marketplace with programs such as Project Money, STAR Credit Union, Project Teen Money, Girl Scout Badge “Savvy Money,” Red Shoes, Foolproof Financial Literacy Online, and in-school branches.
Sponem earned a Master of Business Administration degree from Edgewood College in Madison. She holds an undergraduate degree in consumer science with a marketing emphasis from the University of Wisconsin-Madison.
“I am excited and honored to be a part of the WPS Board of Directors,” Sponem said. “I hope to bring my consumer focus and understanding to the discussions and help create strategic partnerships for continued success.”
About WPS Health Solutions
WPS Health Solutions is a nationally regarded government contractor and Wisconsin’s leading not-for-profit health insurer. The WPS Health Insurance division offers affordable individual health insurance, family health insurance, high-deductible health insurance, and short-term health plans, as well as flexible and affordable group plans and cost-effective benefit plan administration for businesses. The WPS Government Health Administrators division administers Part A and B Medicare benefits for millions of seniors in multiple states, and the WPS Military and Veterans Health division serves millions more members who are active in the U.S. military, veterans and their families. In 2015, the international Ethisphere® Institute named WPS one of the World’s Most Ethical Companies® for the sixth straight year. For more information about WPS, visit www.wpsic.com.