Unclaimed assets event set for Champaign library Monday

Unclaimed assets event set for Champaign library Monday

CHAMPAIGN — Area residents who think the state may have some of their unclaimed assets may want to come to the Champaign library Monday morning.

Illinois State Treasurer Dan Rutherford will hold a "Cash Dash" event from 10 to noon at the Champaign Public Library, 200 W. Green St.

Rutherford said the unclaimed-property division of his office has $1.5 billion in cash, plus the contents from Illinois bank safety deposit boxes, that have been abandoned for at least five years.

The Cash Dash program helps reunite owners with their unclaimed property.

Last year, Rutherford said, his office was able to help citizens reclaim $101.6 million.

"It's common for people to lose track of their assets when they move or when loved ones pass away," he said in a release.

Businesses and banks are required to turn over unclaimed accounts to the treasurer's office. 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 overpayments; paid-up life insurance policies; and safety deposit box contents.

People can also visit the treasurer's website at http://www.treasurer.il.gov and follow the Cash Dash link. The website is updated weekly to reflect new properties that have been remitted to the treasurer.

The office also puts inserts, two times a year, in major newspapers and sends direct mail to new single-owner claimants with property worth more than $100.

You can contact the unclaimed property division by calling 785-6998 or sending an email to info@cashdash.net.

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Chazman wrote on July 08, 2012 at 8:07 am
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I believe that the program being referenced here is called I-Cash.