IL program seeks to return $80 million in unclaimed goods back t - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

IL program seeks to return $80 million in unclaimed goods back to owners

ILLINOIS (KFVS) -

The Illinois Treasurer's Office has identified nearly 1,000 companies with $25,000 or more in unclaimed property, totaling more than $80 million.  

Illinois State Treasurer Michael Frerichs recently announced a partnership between the state's I-Cash program and the Illinois Retail Merchants Association (IRMA) to get the money and/or property returned to retailers.  

As part of the Illinois Treasurer's Unclaimed Property Division, the I-Cash program connects state residents and businesses with their unclaimed money and other assets.  

The Unclaimed Property Division recovers hundreds of thousands of properties each year from government agencies, banks, insurers, utilities, and other companies across the country that have been unable to return the properties to their rightful owner.  

The I-Cash program then works to notify owners.  

Last year, the I-Cash program returned $163 million back to its rightful owners.  

By teaming up with IRMA, the Treasurer's office is hoping getting to retailers will be easier.  

Some examples of unclaimed property currently held by the Treasurer's office include: money from inactive savings and checking accounts; unpaid wages or commissions; stocks, bonds, and mutual funds; money orders and bill over payments and; safe deposit box contents.  

Businesses, non-profit organizations, and residents can search for and claim recovered property through I-Cash by visiting www.IllinoisTreasurer.gov or by calling 217-785-6998.  

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