DFI’s work pays dividends for Wisconsin businesses and consumers
One of the most important responsibilities of the Department of Financial Institutions (DFI) is working with our financial institutions as they continue to shake off the effects of the recession.
Since being appointed DFI Secretary by Governor Scott Walker in January 2011, I have seen many of our state-chartered financial institutions turn the corner on the challenges that resulted from the economic crisis that began in 2007. Earnings are up, in some cases to record levels. Capital levels are near all-time highs. Loan quality has improved markedly. By most metrics, banks and credit unions are back to pre-recession levels. The fact that our financial institutions are strong – and getting stronger – is a good sign for the Wisconsin economy.