Event: June 24
Women face unique challenges to achieving financial wellness and security throughout their lives. The COVID-19 pandemic has worsened the problem. Find out why and more important, explore solutions on how to overcome the challenges at the webinar,
Wisconsin Strong Women: Unique Challenges to Achieving Financial Security.
Kathy Blumenfeld, Secretary of the Wisconsin Department of Financial Institutions, is set to moderate. Panelists are:
Dr. Joelle Saad-Lessler, co-author of
Still Shortchanged: An Update on Women s Retirement Preparedness, a report for the National Institute on Retirement Security
Topics include women’s pay inequality, caregiving, access to Social Security benefits, outliving retirement income, and other factors that impact a financially secure retirement. In addition, panelists will recommend actions that women can take to navigate and lessen the challenges at every stage of their financial journey.
Website hijacks Milwaukee address, draws nationwide complaints
Website hijacks Milwaukee address
Consumers across the country are speaking out to Contact 6 about a website they say conned them out of their money. The website’s listed address is in Milwaukee.
MILWAUKEE - Consumers across the country are speaking out to Contact 6 about a website they say conned them out of their money. The website’s listed address is in Milwaukee.
Michigan beekeeper, Laura Van Hofwegen, thought she’d found a great deal on
aihskc.com on her beekeeping supplies. It was about a 50 percent discount, said Van Hofwegen. I checked out the website. It looked very professional.
A 51-year-old Oconomowoc man has been sentenced to more than five years in federal prison for carrying out a $2.6 million investment scheme that defrauded 27 victims, including his own parents and a cognitively disabled person.
Edward Matthes, who now resides in Milwaukee, pleaded guilty to three counts of wire fraud in November 2020. On May 20, the U.S. Department of Justice announced Matthes was sentenced to 63 months in prison.
Matthes, who was a prominent member of the Oconomowoc community, solicited family, friends and community members to use his services as an independent broker-dealer for Mutual of Omaha Investor Services Inc.
According to court records, from 2013 to 2019 Matthes persuaded his clients, who were mostly elderly, to invest in fictitious Mutual of Omaha accounts, which he claimed would perform better for them. Instead, Matthes put more than $2.6 million of client funds into his own bank account and used it to pay off his credit cards, mortgage, c
MADISON, Wis. – Wisconsin’s 118 state-chartered credit unions continue to exhibit strong financial performance through the first quarter of 2021, according to data released today by the Wisconsin Department of Financial Institutions (DFI).
Credit union total assets increased over $3 billion from year-end 2020 and stand at nearly $53 billion through March 31, 2021. Asset and share growth continue to be high with the ratios being 26.35% and 29.88% respectively. Deposits surged during the pandemic, and this, combined with a low interest rate environment continues to put pressure on the net interest margin. Loan growth was 5.12% with loans outstanding growing by $450 million and the loan to savings ratio dropped to 78.35%.