|Treasurer of Illinois|
January 12, 2015
|Preceded by||Dan Rutherford|
|Member of the Illinois Senate
from the 52nd district
January 2007 – January 12, 2015
|Preceded by||Rick Winkel|
|Succeeded by||Scott Bennett|
|Auditor of Champaign County|
|Preceded by||Gerrie Parr|
|Succeeded by||Tony Fabri|
July 28, 1973 |
Gifford, Illinois, U.S.
|Spouse(s)||Laura Appenzeller (2003–2013)|
|Education||Yale University (BA)|
Michael W. "Mike" Frerichs (born July 28, 1973) is the State Treasurer of Illinois, having taken office on January 12, 2015. Prior to being elected treasurer, he was a Democratic member of the Illinois Senate, representing the 52nd District since 2007. The East Central Illinois district, located in Champaign and Vermilion counties, includes all or parts of Champaign, Danville, Georgetown, Gifford, Rantoul, Thomasboro and Urbana.
In the 98th General Assembly, Frerichs served as the chairman of the Higher Education committee and had previously served as chairman of the Agriculture & Conservation and Enterprise Zone Extensions committees.
Early life and career
Frerichs was born and raised in the small farming town of Gifford. Upon graduating from Rantoul Township High School, Frerichs attended Yale University and received his BA in 1995. He then attended National Cheng Kung University in Taiwan where he studied Mandarin Chinese while teaching English courses. Upon returning home, Frerichs began to teach at his alma mater and became involved in the community, including, serving on his local volunteer fire department, on the board of a local non-profit nursing home, and as a member of the Urbana Rotary Club.
Champaign County official
In 1998, Frerichs ran against then-State Representative Tim Johnson and though he lost, it was the closest margin in Johnson’s political career. In 2000 Frerichs was elected to the Champaign County Board and reelected in 2002.
Later that year, Frerichs was appointed to succeed Gerrie Parr as the Champaign County Auditor by his fellow board members. As Auditor he was responsible for preparing budget reports, maintaining financial records, ensuring the county meet state and federal reporting requirements, preventing fraud and improving the financial health of the county. At the time, he was the only auditor in the state to become a Certified Public Finance Officer, a credential he continues to maintain. Two years later, he was elected to the position.
Illinois State Senator
In 2005, Frerichs announced he would run for the 52nd Legislative District seat that includes most of Champaign County and Vermilion County to fill the vacancy caused by Rick Winkel’s retirement. In what became the most expensive state senate race of 2006, Senator Frerichs was elected over former Senator Judith Myers by a margin of approximately five hundred votes. as the first Democratic State Senator to represent East Central Illinois since 1936.
Frerichs served as Chairman of the Illinois State Senate's Committee on Higher Education and was a past-chair of the Agriculture & Conservation and Enterprise Zone Extensions. He also sat on the committees for Financial Institutions, Licensed Activities and Pensions, Public Pensions & State Investments and the Agriculture & Conservation.
During his time in the Senate, Frerichs led efforts to eliminate the corrupt legislative scholarship program, advocated for the disclosure of chemicals used in fracking, and funded improvements at the University of Illinois, Parkland College and Danville Community College while fighting to reduce Illinois' disparities in education funding. After Governor Rod Blagojevich was removed from office for corruption, Frerichs moved to have the former governor barred from ever holding office again in Illinois. This motion, like the vote to remove him, carried unanimously.
Treasurer of Illinois
Frerichs announced his intention to run for the vacated office of Treasurer of Illinois in early January 2014, after incumbent Republican Treasurer Dan Rutherford had announced his intention to run for Governor of Illinois. Frerichs ran uncontested in the Democratic Party primary and faced Illinois State Representative and former Illinois State House Minority Leader Tom Cross in the General Election on November 4.
For more than two weeks after election day, the election was too close to call, but eventually Frerichs was declared the winner, defeating Cross 48.1% to 47.8%, as the election ended up being one of the closest in Illinois state history, being decided by only 9,225 votes out of more than 3.5 million ballots cast.
He was inaugurated on January 12, 2015 and is serving as the 74th Treasurer of Illinois. After less than a year in office, Frerichs was elected by his peers across the country to be on the National Association of State Auditors, Comptrollers and Treasurers' Executive Committee. Frerichs also serves as Vice Chairman of National Association of State Treasurer’s Legislative Committee as well as Trustee on the Illinois State Board of Investment.
Frerichs’ initiatives have centered on encouraging savings plans for college and trade school, increasing financial education among all ages, removing barriers to a secure retirement, and protecting residents from predatory companies. Under Frerichs stewardship the Bright Directions college savings program earned Mornigstar’s Silver Medal two years in a row – the highest rating given to advisor-sold plans – while reducing fees. In 2015 and 2016 Treasurer Frerichs visited more than a dozen campuses across Illinois to talk with students and school administrators regarding the frustration and fear associated with the lack of funding for the Monetary Award Program (MAP) due to the State’s budget impasse. Consumer protection has played an important role in Frerichs administration, securing $2.3 million in uncashed rebate checks from Sprint and $140,000 from RadioShack and reconnecting the funds with Illinois residents via I-Cash, the State’s unclaimed property program. Frerichs also succeeded in leading the call to pass legislation supported unanimously by Democrat and Republican legislators requiring life insurance companies to use the federal Death Master File list to confirm if a policy holder has died and the death benefits have not been paid.
|Democratic gain from Republican|
|Democratic gain from Republican|
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- McFarland, Shannon (2012-05-03). "Illinois Legislative Scholarships Ending? Senate Votes To End Controversial Program". Huffington Post. Retrieved 2013-02-16.
- Kacich, Tom. "State bills aim to control 'fracking' to extract natural gas". The News-Gazette. Retrieved 2013-02-16.
- "About Mike". Friends of Frerichs. Retrieved 2013-02-16.
- Quinn, Celeste. "Illinois Public Radio live coverage from the Illinois Senate, the impeachment trial of Governor Rod Blagojevich". Illinois Public Media, University of Illinois. Retrieved 2013-02-16.
- "Tom Cross claims GOP nomination in race for state treasurer". Chicago Tribune. Retrieved 17 January 2015.
- Chicago Tribune (19 November 2014). "Cross concedes defeat in treasurer race - Chicago Tribune". chicagotribune.com. Retrieved 17 January 2015.
- "Tom Cross concedes in treasurer's race, giving Frerichs win". Chicago. 19 November 2014. Retrieved 17 January 2015.
- "GENERAL ELECTION - 11/4/2014". Elections.il.gov. Retrieved 17 January 2015.
- Chicago Tribune (12 January 2015). "Madigan, White lead other statewide elected officials taking the oath - Chicago Tribune". chicagotribune.com. Retrieved 17 January 2015.
- "NASACT Executive Committee". www.nasact.org. Retrieved 2016-11-13.
- "Legislative Committee - National Association of State Treasurers". National Association of State Treasurers. Retrieved 2016-11-13.
- Acheson, Leo (2016-10-25). "Morningstar Names Best 529 College-Savings Plans for 2016". Retrieved 2016-11-13.
- "Treasurer Michael Frerichs Lowers Fees for Popular College Savings Program" (PDF). 10/6/2015. Retrieved 11/13/2016 – via www.illinoistreasurer.gov. Check date values in:
- "New state law aims to ensure life insurance firms pay out benefits - Illinois News Network". Illinois News Network. 2016-08-29. Retrieved 2016-11-13.
- Dodson, Don (May 15, 2009). "State senator's wife balancing business, family, politics". The News-Gazette. Champaign, Illinois. Retrieved August 4, 2016.
- Kacich, Tom (September 8, 2013). "Frerichs divorce". The News-Gazette. Champaign, Illinois. Retrieved August 4, 2016.
- "2010 General Election Results-Illinois's 52nd Senate District". Elections.il.gov. Retrieved 17 January 2015.
- "2012 General Election Results- Illinois's 52nd Senate District". Elections.il.gov. Retrieved 17 January 2015.
- "Illinois Secretary of States Official Results" (PDF). Elections.il.gov. Retrieved December 9, 2014.
|Wikimedia Commons has media related to Mike Frerichs.|
- Illinois State Treasurer's Office
- Mike Frerichs for Illinois Treasurer
- Senator Michael W. Frerichs (D) 52nd District at the Illinois General Assembly
- State Senator Mike Frerichs constituency website
- Profile at Project Vote Smart
|Treasurer of Illinois