Treasurer's office returns record $159m in forgotten cash, asset

Treasurer's office returns record $159m in forgotten cash, assets

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MONEY MONEY
SPRINGFIELD, Ill. (WEEK) -- -

More than $159 million in forgotten cash, stock and other assets were returned to their rightful owners this past fiscal year.

The returns are part of Illinois Treasurer Michael Frerichs' I-Cash program. More than 58,000 claims were fulfilled last year, with an average return of $2,744. This year's claims exceeded last year's by about $4 million.

“I meet many people who are surprised to see their names on our unclaimed property list,” Frerichs said. “Checking the list is easy and the money will be put to better use in the hands of its owners rather than the state’s vault in Springfield.”

Unclaimed property is held by the state until the owner asks for it to be returned. The fund is separate from money used to pay state bills. 

Individuals, non-profits and businesses can check to see if they have unclaimed property at http://www.illinoistreasurer.gov/ICASH. There is no charge to reclaim property through the I-Cash program. 

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