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Mike Frerichs. Michael W. Frerichs (/ ˈfrɛrɪks /; born July 28, 1973) is an American politician serving his third term as the State Treasurer of Illinois, after taking office on January 12, 2015. Before being elected treasurer, he was a Democratic member of the Illinois Senate, representing the 52nd District from 2007 until 2015.
- Purpose
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- 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.
Current officeholder. The current officeholder is Mike Frerichs, a Democrat first elected in 2014. Frerichs previously served in the Illinois State Senate, representing District 52 from 2007 to 2015. He was sworn in as state treasurer on January 12, 2015, succeeding Republican Dan Rutherford in the office. [2]
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 ...
Sep 21, 2022 · September 21, 2022 03:59 PM. SPRINGFIELD – In Illinois, the role of state treasurer is that of chief investment officer. Treasurer Michael Frerichs has held that position for two full terms ...
Jun 15, 2022 · Michael W. Frerichs was first elected Illinois State Treasurer in 2014 and serves as the state’s Chief Investment and Banking Officer. The State Treasurer’s Office actively manages approximately $35 billion, investing money on behalf of the state and local units of government.
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Oct 11, 2018 · Facebook. Darlene Senger is the Republican candidate for state comptroller. From 2009 to 2015, Senger represented Illinois’ 41st District as a member of the state House of Representatives. She left that post to run for Congress in Illinois’ 11th District, but was defeated by the incumbent, Democrat Bill Foster.
