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One Stop Business Portal Now Available

MADISON – The One Stop Business Portal, a convenient and streamlined application to submit new business filings to multiple state agencies, has been released on Wisconsin.gov. This new service provides an easy step-through online application which allows users to enter, save and track their new business paperwork filed with the Department of Financial Institutions and the Department of Revenue, all in a single location.

The new service can be found at app.wi.gov/onestop.

New business entity filings
tracking 3.2% ahead of prior year

MADISON – The number of new business entities formed in Wisconsin in January 2015 grew by 3.2% compared to January 2014, according to data compiled by the Department of Financial Institutions (DFI). New business filings for the month totaled 3,630, compared to 3,519 in 2014.

The business formation data is compiled by DFI, which is the filing office for the creation of business entities in the state. DFI tracks new business entity creation on a monthly basis and posts the data on its website.

The full report may be found at www.wdfi.org/corporations/HistoricalStatistics.htm.

Year-over-year lending up 11.2%
at state-chartered credit unions

MADISON – Lending grew by 11.2% and loan quality continued to improve at Wisconsin’s 160 state-chartered credit unions in 2014 compared to 2013, according to data released today by the Department of Financial Institutions (DFI).

"Wisconsin credit unions had a very solid 2014, with loan growth of 11.2% leading the way," DFI Secretary Peter Bildsten said. "Among the many positive trends was the delinquent loan ratio, which for the fourth consecutive quarter was less than 1.0%. Maintaining loan quality is especially important for financial institutions when they are growing lending at double-digit rates."

The full press release may be found at www.wdfi.org/Newsroom/Press.

Secretary Bildsten addresses
meeting of Wisconsin bank executives

FITCHBURG – DFI Secretary Peter Bildsten was a featured speaker at the Wisconsin Bankers Association annual Bank Executives Conference in Milwaukee on Feb. 2. About 500 bank executives from across the state attended the three-day conference. Bildsten spoke about trends in the banking industry in the state and nationally and about the state of the Wisconsin economy.

State agency encourages investors to discuss
cybersecurity with their financial professionals

MILWAUKEE – With an ever-growing list of financial institutions targeted by organized cyberattacks, the Wisconsin Department of Financial Institutions (DFI) today issued an advisory reminding investors of the importance of protecting the personal information they share with their financial professionals.

"The increasing reliance on technology in our daily lives could leave our sensitive financial information more vulnerable to theft without proper safeguards in place, "said Patricia Struck, Administrator of DFI's Division of Securities. "Investors should be vigilant about asking questions about a financial firm's level of cybersecurity preparedness. They should ask about what specific steps the firm has taken to protect personal client information."

The full press release may be found at www.wdfi.org/Newsroom/Press.