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VOL. 18 – July 9, 2025

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Celebrating 22 Years of Summit 🎉

"22 years ago, Summit started with a vision to combine rigorous analysis with real-world impact. Today, we're grateful for the many — partners, teammates, clients, and well-wishers — who have helped bring that vision to life. Thank you for your trust and encouragement over the years. Here's to the next chapter!"

        - Albert Lee, Senior Economist and Founding Partner at Summit

We are beyond thankful for the unwavering support we have received from our valued clients, partners, and dedicated team members. We look forward to many more prosperous years filled with growth, innovation, and success!

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Recognizing and Reflecting on the 35th Anniversary of the Federal Credit Reform Act (FCRA)

In June, Summit and Allocore were pleased to sponsor Federal Credit Forward, an in-person gathering at the City Club of Washington, bringing together policymakers, economists, technologists, and program leaders to reflect on the upcoming 35th anniversary of the Federal Credit Reform Act (FCRA) of 1990.

 

The event  featured two expert panels on the evolution of federal credit programs and the future of federal credit with shared stories, insights, and visions for modernizing credit delivery. It was hosted by the AGA DC Chapter.

 

Thanks to those who were able to join us to honor the past and look forward to the future of federal credit policy, operations, and technology.

💡 Curious about the FCRA work we do at Summit?

Check out this case study about our loan portfolio analysis work with
the U.S. Department of Energy (DOE) Loan Program Office (LPO).

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What’s New on Federal Credit Fridays

  • How Federal Credit Programs Can Use Shared Services to Save Time and Money
  • Student Loans & Smarter Systems
  • The Good, the Bad, and the Ugly of Risk-Based Credit Spreads for Federal Credit
  • What's Your Superpower Promoting American Renewal Through Federal Lending
  • Grounding AI in Federal Lending with Dr. Ian McCulloh
  • Revisiting Scott Burroughs on the Latest Trends in Modeling for Federal Loans

    Missed an episode? Listen to past Federal Credit Fridays here.

     

    About Federal Credit Fridays: The U.S. government is one of the largest lenders and credit guarantors on earth. Its portfolio is estimated at over $3.6 trillion, as measured by loan assets and the face value of loan guarantees. The government uses credit for a wide variety of policy missions, including housing, higher education, small businesses, rural and urban economic development, infrastructure, and export promotion, among others. This podcast will familiarize you with the vast world of federal credit, and we hope that you’ll learn about similarities and differences between these programs as well as the importance of their work to achieving policy missions within the framework of public-private collaboration.

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    Summit's Data Infrastructure Work with USDA NASS Featured in Sage Statistical Journal (IAOS)

    Summit is proud to share that a project we've closely collaborated on with the USDA’s National Agricultural Statistics Service (NASS) has been featured in the Sage Statistical Journal of the IAOS.

     

    Each year, NASS processes millions of agricultural data points to deliver reliable insights for American farmers, policymakers, and researchers. But behind the scenes, editing and imputation tasks were historically consuming up to 40% of a statistician’s time. That’s a huge drain on capacity and a barrier to timely, accurate insights.

     

    That’s where JIMMY (an innovative automation solution designed to enhance speed, consistency, and data quality) came in. Turning this vision into a scalable system required more than just technology. It took deep collaboration, user-centered design, and strategic collaboration between NASS and Summit staff.

     

    Together, we’re transforming how federal data infrastructure supports U.S. agriculture to improve accuracy, speed, and scalability for the next generation of decision-makers.

     

    "Evaluation of automatic editing and imputation to inform establishment statistics" by Rhodes S, Maiwurm J, Miller D, et al was published online April 22, 2025.

    🔗 Read the paper: https://journals.sagepub.com/doi/10.1177/18747655251334551 

    📝 Check out the case study:

    https://www.summitllc.us/en/en/case-studies/survey-data-usda-nass-ideal

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    Supporting America's Infrastructure

    During Infrastructure Week 2025, we highlighted the critical work that our clients do at the intersection of policy, data, and finance — especially in support of government loan programs that fuel long-term investment in communities across the country.

     

    Some highlights: 

    • Summit partner Sarah Cunningham moderated a thoughtful discussion with government leaders on how performance and evidence are shaping decisions and driving real impact.
    • Our conversation with Jorianne Jernberg, Director of the WIFIA program at the EPA. She discusses how WIFIA is driving critical water infrastructure investments, what’s next for the program, and how federal credit supports long-term infrastructure goals.
    • Hear Aaron Snyder discuss the Army Corps' CWIFP loan program — boosting local flood protection, economic growth, and environmental impact.

    📝 More case studies:  https://www.summitllc.us/en/case-studies

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    Summit-NuvoLogic team (NuvoSum) awarded OASIS+

    Our joint venture NuvoSum has formally received the Oasis+ (One Acquisition Solution for Integrated Services Plus) Women-Owned Small Business award notice. 

     

    The OASIS+ contract is a government-wide, Best-in-Class, Indefinite-Delivery/Indefinite-Quantity (IDIQ) vehicle managed by GSA. It enables federal agencies to procure non‑IT professional services like financial services, program management, logistics, R&D, and management consulting.

     

    This contract provides our joint venture with long-term business potential to grow our presence over its 10-year duration. For more details, visit NuvoSum's info page at the GSA eLibrary for more details.

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    New Opportunities for Summit at HHS: $150M BPA

     

    We're excited to share that Summit is partnering with a team that was recently awarded a $150 million BPA to provide accounting and financial management services to the U.S. Department of Health and Human Services. 

     

    The Summit team brings extensive experience delivering data-driven solutions across federal loan and grant programs, financial reporting, and internal control evaluation.

     

    For more details, see the official announcement from our prime teaming partner Williams, Adley & Company, LLP. 

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     Sarah Cunningham recognized by AGA as Top Reviewer for the FY 2024 Certificate of Excellence in Accountability Reporting (CEAR) Program

    We’re proud to share that Sarah Cunningham, CGFM, PMP, RIMS-CRMP-FED has been recognized as a Top Reviewer for the FY 2024 Certificate of Excellence in Accountability Reporting (CEAR) Program by AGA.

     

    The CEAR Program is the highest honor in federal management reporting, celebrating efforts that improve transparency and accountability. In her first year on the CEAR Board, Sarah exemplifies Summit’s commitment to public sector excellence.

     

    Please join us in congratulating Sarah on this well-deserved recognition and her continued leadership in federal financial reporting.

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    Conferences & Partnerships

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    EXIM 2025 Annual Conference

    Partner Samuel Seong joined leaders and innovators across the industry.

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    AGA Performance Counts 2025

     Summit was a proud sponsor and moderator.

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    ACT-IAC Emerging Technology and Innovation Conference

    Partner Sarah Cunningham shared  insights on the first panel discussion, called Moments that Matter: Leveraging Emerging Technology When it Counts.

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    ⚾  Baseball Outing at National's Park  ⚾

    In early June, folks local to the DC office gathered to enjoy a Washington Nationals game followed by a Natasha Bedingfield concert. Go, Nats!

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