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Michigan Celebrates Financial Services Jobs, 6,400 Added in 2025

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Summary

The Michigan Department of Insurance and Financial Services released a press release celebrating Michigan Open Account Coalition (MOAC) Month and National Financial Literacy Month. The release highlights that Michigan's financial activities sector, which includes both insurance and financial services industries, added 6,400 jobs in 2025 according to data from the Michigan Center for Data and Analytics. The notice promotes the MOAC initiative launched in 2022 to expand access to low-cost banking accounts for underserved communities.

Published by MI DIFS on michigan.gov . Detected, standardized, and enriched by GovPing. Review our methodology and editorial standards .

What changed

This press release announces labor market data and promotes financial literacy initiatives. It does not create any compliance obligations or regulatory requirements for financial institutions, consumers, or other parties. The release celebrates job growth data and promotes the Michigan Open Account Coalition's mission to expand access to low-cost banking for historically underserved communities. Financial institutions may wish to note MOAC participation opportunities if they offer low-cost account products, but no action is required.

Archived snapshot

Apr 21, 2026

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DIFS Celebrates 'Michigan Open Account Coalition Month' by Highlighting Stable, Impactful Jobs in Financial Services



April 20, 2026

Media Contact: DIFS-press@michigan.gov
Consumer Hotline: 877-999-6442, Michigan.gov/DIFScomplaints

FOR IMMEDIATE RELEASE: April 20, 2026

(LANSING, MICH) April is Michigan Open Account Coalition (MOAC) Month and National Financial Literacy Month, and during this month, the Michigan Department of Insurance and Financial Services (DIFS) is raising awareness about the many good‑paying, in‑demand financial services jobs available to Michiganders.

“Michigan’s financial services sector has good-paying jobs available for people with many different skill sets, educational backgrounds, and interests,” said DIFS Director Anita Fox. “Working in this industry gives you the opportunity to help fellow Michiganders manage their money and navigate financial milestones, like purchasing a car or home, opening a business, or staring a family, while also benefitting you, your family, and your future.”

Recent data reported by the Michigan Center for Data and Analytics indicates a thriving Michigan financial activities sector, which includes both the insurance and financial services industries, which added 6,400 jobs in 2025. Michigan’s financial services industry offers a variety of career opportunities. To fill new positions, companies in the industry need employees with a variety of educational backgrounds, skill sets, and specializations, including:

  • Computer programming
  • Cybersecurity
  • Marketing
  • Communications
  • Education
  • Accounting
  • Economics
  • Management
  • Human Resources
  • Legal
  • Actuarial In addition to employment in Michigan’s financial sector, DIFS is hiring for a variety of positions to help ensure Michigan’s insurance and financial services are safe, sound, and serve the needs of the state’s consumers. For more information, including current job postings, visit the DIFS Careers website.

During the month of April, DIFS is celebrating “ Michigan Open Account Coalition (MOAC) Month” together with National Financial Literacy Month. Throughout April, DIFS is highlighting MOAC and promoting resources, sharing educational materials, and featuring financial services careers that support of financial empowerment for all Michiganders. If you do not have an account with a bank or credit union, MOAC offers low- or no-cost accounts. For more information on opening an account and a list of participating institutions, visit Michigan.gov/DIFSOpenAccount.

MOAC was formed in 2022 by DIFS, the Michigan Bankers Association, Michigan Credit Union League, and community organizations. Its mission is to encourage relationships between financial institutions and historically underserved communities, to educate consumers about the importance of having a relationship with a financial institution, and to promote the availability of, and access to, consumer financial accounts with low and transparent fees.

For more information about DIFS, and the insurance and financial services industries in Michigan, visit Michigan.gov/DIFS or call 877-999-6442, 8 a.m. until 5 p.m. Monday through Friday.

The mission of the Michigan Department of Insurance and Financial Services is to ensure access to safe and secure insurance and financial services fundamental for the opportunity, security, and success of Michigan residents, while fostering economic growth and sustainability in both industries. In addition, the Department provides consumer protection, outreach, and financial literacy and education services to Michigan residents. For more information, visit Michigan.gov/DIFS or follow the Department on Facebook, X, or LinkedIn.

MI Newswire Department of Insurance and Financial Services Financial


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Last updated

Classification

Agency
MI DIFS
Published
April 20th, 2026
Instrument
Notice
Branch
Executive
Legal weight
Non-binding
Stage
Final
Change scope
Minor

Who this affects

Applies to
Financial advisers Banks Insurers
Industry sector
5221 Commercial Banking
Activity scope
Financial services employment Consumer financial access Financial literacy promotion
Geographic scope
US-MI US-MI

Taxonomy

Primary area
Financial Services
Operational domain
Finance
Topics
Banking Insurance Consumer Finance

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