LANSING, Mich. (9/3/14)--The Michigan Credit Union League is recruiting member credit unions to participate in a campaign to help state residents thrive in retirement.
The league is among the partners the state Department of Insurance and Financial Services (DIFS) has been working with on the Reinventing Mi Retirement campaign. The program kicks off on Oct. 20 with a one-day series of statewide events that will bring together financial resources and speakers, and will offer free financial checkups with financial counselors, including representatives from credit unions (Michigan Monitor Sept. 2).
"Credit unions can help make these opportunities truly accessible statewide by participating as partners in this initiative," said Beth Troost, the league's financial education manager. "Participation can range from hosting an event at your credit union, volunteering at the events, becoming a financial sponsor, providing a presenter, setting up a resource booth, or helping to provide free financial checkups at one of the event locations. "
The main Reinventing Mi Retirement event will take place in Troy with additional events scheduled in Alpena, Bay City, Detroit, Escanaba, Grand Rapids, Kalamazoo, St. Joseph, Three Rivers and West Branch. DIFS is seeking facilities large enough to host events for roughly 50 participants in other areas, particularly Flint and Jackson. Because details for event hosts, volunteers and speakers are being finalized now, credit unions that are interested in participating in any way should contact Lisa Ross, consumer outreach coordinator in the DIFS Office of Consumer Services, at (517) 335-7328 or rossL5@michigan.gov.
The Reinventing Mi Retirement initiative also includes a guide of financial planning information to assist older Michigan residents in making sound financial decisions, avoiding financial fraud and learning how to avoid outliving their retirement savings.
Attendance at the events is free, although registration is requested.