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2014 4th Annual
Governor's Small Business Summit

go to www.wheda.com/root/SmallBizSummit

OCU Director Santos joins Rep. Duffy,
NCUA Chair at public forum

WAUSAU – Kim Santos, Director of DFI’s Office of Credit Unions, on Aug. 5 participated in a panel discussion at the invitation of Congressman Sean Duffy (R-Weston), Vice Chair of the U.S. House Financial Institutions Subcommittee. In addition to Duffy and Santos, panel members were Debbie Matz, Chair of the National Credit Union Administration (NCUA); Larry Fazio, NCUA Director of Examination and Insurance; Larry Blankenberger, NCUA Region I Director; and David Christenson, CEO of Connexus Credit Union, Wausau.

About 75 credit union executives and supporters from across the state attended the forum. Topics addressed included risk-based capital, cyber security, enterprise risk management, business lending, call reports, loan participations, and the health of the economy. 

Prior to the discussion session, Chair Matz, Fazio, Blankenberger, Santos, and Rep. Duffy toured Connexus Credit Union and met with staff members.

Pictured above, left to right, are Duffy, Matz, Santos and Christenson. (Photo by Sarah Wainscott, Wisconsin Credit Union League).

Lending, net income continue to rise
for Wisconsin credit unions

MADISON – Lending grew by 9.6% and net income rose 8.4% at Wisconsin’s 166 statechartered credit unions in the first six months of 2014 compared to the prior year, according to data released today by the Department of Financial Institutions (DFI).

The full press release may be found at www.wdfi.org/Newsroom/Press.

New business entity filings
tracking 5.6% ahead of prior year

MADISON – The number of new business entities formed in Wisconsin in the first seven months of 2014 grew by 5.6% compared to the prior year, according to data compiled by the Department of Financial Institutions (DFI). New business filings totaled 23,825, compared to 22,568 in the same period in 2013.

The business formation data is compiled by DFI, which is the filing office for the creation of business entities in the state. DFI tracks new business entity creation on a monthly basis and posts the data on its website. The full report may be found at www.wdfi.org/corporations/HistoricalStatistics.htm.

Registration is open for 4th annual
financial literacy summit Oct. 17 in Green Bay

MADISON – Registrations are now being accepted for the 4th annual Wisconsin Summit of Financial Literacy to be held Friday, Oct. 17, at Lambeau Field in Green Bay. The conference is geared toward supporting teachers, community outreach educators, and workplace professionals who have an interest in enhancing financial and economic literacy within their communities. The summit will give attendees the opportunity to access expert knowledge, free resources and agencies willing to support participants in achieving their goals.

Topics will include community projects and partnerships, workplace financial literacy, financial literacy for pre-school and pre-kindergarten parents, and financial coaching. Green Bay Packers President Mark Murphy will be the guest speaker at lunch.

The full press release may be found at www.wdfi.org/Newsroom/Press.

DFI Secretary is guest speaker
at Sauk Prairie Kiwanis Club meeting

SAUK CITY – Peter Bildsten, left, Secretary of the Wisconsin Department of Financial Institutions (DFI), was the guest speaker at the July 23 meeting of the Sauk Prairie Kiwanis Club. Secretary Bildsten spoke about DFI’s oversight of Wisconsin’s financial institutions, the agency’s role in promoting financial literacy, and Governor Walker’s Blueprint for Prosperity. He is pictured with Kiwanis Club President Peter Van Der Hagen.