Register now to offer input
to state economic development corp.
Credit unions are invited to a July 26 dialog with the Wisconsin Economic
Development Corporation (WEDC) that will look at ways to make
Wisconsin's financial industry a more competitive and robust sector of
the state economy. The WEDC is the state's leading economic development
entity that was created by Governor Scott Walker's special session on
jobs and replaced the Department of Commerce in July 2011.
The meeting, which will be held in Room BC 143 at
the Fox Valley Technical College in Appleton from 10 a.m. to 1 p.m.,
will kick off with analyses from state and credit union industry
economists. Credit unions will receive an update on the
organization’s plans and progress, share insights affecting the financial services industry,
and explore the formation of a financial services consortium.
The consortium would ask
financial professionals to advise on financial services issues and
remain involved in the communication process by which Wisconsin’s
schools and universities, skilled labor pool, producers, and customers
"Effectively, it would help
keep credit unions plugged into state policymaking as a means of
stimulating economic growth," said Brett Thompson, League President
The dialog with WEDC will
discuss issues that affect credit unions' contribution to the state's
economic engine, including but not limited to employee education,
training, recruitment and retention.
Credit unions are a vital part of the state
economy, paying millions in taxes annually
while providing financial services through a cooperative structure. This
member-ownership returned $201 million to 2.2 million Wisconsin citizens
in 2011 via higher interest on savings, lower loan rates and lower or
fewer fees. Bank customers saved $66 million in 2011 because of credit
union competition. Credit unions employ more than 7,413 full- and
part-time staff with an annual payroll of $278.6 million. They spent
$581 million locally in 2011.
Credit unions are asked to registerfor the meeting
online. ContactSarah Wainscottat (608) 514-0086 if you have any questions.
Register now to offer input to state economic development corp.