Search results
The Treasurer of Illinois is a constitutional officer in the executive branch of government of the U.S. state of Illinois. Seventy-four individuals have occupied the office of Treasurer since statehood. The incumbent is Mike Frerichs, a Democrat. A former Champaign County auditor and state senator, Frerichs was first elected to lead the state ...
April 6, 2023 - Treasurer Frerichs Returns $22.7 Million in Unclaimed Property in March. April 6, 2023 - Illinois State Treasurer Michael Frerichs Visits Rock Island County Treasurer Nick Camlin. March 28, 2023 - Illinois State Treasurer Michael Frerichs Schedules Online Auction of Unclaimed Property for April 3-7.
- Purpose
- Mission
- Management
- Results
- Early life and career
- Political career
- Other activities
In Illinois, the Treasurer is the states Chief Investment and Banking Officer. The office invests money on behalf of the state and local units of government. Mike also believes in providing individuals with the tools so that they can invest in themselves.
He does this by encouraging savings plans for college and trade school, increasing financial education among all ages, removing barriers to a secure retirement, and reuniting Illinois residents with their unclaimed property.
The Treasurers Office actively manages approximately $31 billion. The investment approach is cautious to ensure the preservation of principal. The investment returns are significant: For every $1 spent to run the office, Frerichs nets $42 for the states residents.
Since taking office, Treasurer Frerichs has made significant strides in the fight for consumers by making sure Illinois residents get what is owed to them through the Unclaimed Property Program. A record-breaking $180 million in forgotten cash and stock was returned to individuals, employers, and non-profits in Fiscal Year 2018. By making changes t...
Treasurer Frerichs was born and raised in the small, downstate farming community of Gifford, Illinois. He graduated from Yale University and spent two years in Taiwan where he taught English to young students and learned to speak Chinese. He returned to Champaign County and launched his own technology business. He was elected to the Champaign Count...
In 2006, Frerichs was elected Illinois State Senator representing east-central Illinois. As chairman of the Higher Education Committee he championed efforts to make college more affordable. He also served as chairman of the Agriculture and Conservation Committee and became a Certified Public Finance Officer.
Frerichs currently serves on the Executive Committee of the National Association of State Treasurers, the National Association of State Auditors, Comptrollers, and Treasurers, the College Savings Plan Network, and the National Association of Unclaimed Property Administrators. He also serves as a trustee on the Illinois State Board of Investment.
Michael Frerichs was elected treasurer of Illinois in 2014 on a promise to strengthen ethics and transparency, and expand financial access, opportunity, and education across Illinois. Locating his main office in Springfield, the state capital, and not Chicago, Michael Frerichs and his young daughter, Ella, continue to call Champaign, Illinois home.
Nov 8, 2022 · Personal LinkedIn. Mike Frerichs (Democratic Party) is the Illinois Treasurer. He assumed office on January 12, 2015. His current term ends on January 11, 2027. Frerichs (Democratic Party) ran for re-election for Illinois Treasurer. He won in the general election on November 8, 2022. Frerichs completed Ballotpedia's Candidate Connection survey ...
The Treasurer of the State of Illinois is the chief financial officer of the government of Illinois. The treasurer is responsible for maintaining the state funds and acting as the state's bank. Current officeholder. The current officeholder is Mike Frerichs, a Democrat first elected in 2014.
People also ask
Who is the Illinois Treasurer?
What does the Illinois State Treasurer's office do?
Who is Illinois State Treasurer Michael Frerichs?
How long does a treasurer have to be a citizen in Illinois?
Who is the current state treasurer?
Who is Champaign County Treasurer Mike Frerichs?
The Illinois State Treasurer’s Office is dedicated to protecting the state’s portfolio, ensuring the liquidity of all investments, and consistently producing earnings at or above industry standards. Visit our Site.
