Source: Illinois State Treasurer press release
Illinois State Treasurer Dan Rutherford is encouraging area residents to attend I-Cash events on Thursday, Oct. 24 to see if the state is holding any of their money or unclaimed property.
As of July, there were 332,649 owners in Lake County that have $87,180,110 in unclaimed property, according to the news release.
“People are thrilled to find out they have money just waiting for them through I-Cash,” Rutherford said. “I encourage area residents to come visit I-Cash staff for assistance in locating their money or property. In addition everyone should make an attempt to review the online database several times a year so they don’t miss out on money or valuable assets the state is holding for them.”
The events will be held at the following locations on Thursday:
- Fox Lake Village Hall, 66 Thillen Drive in Fox Lake:
- 10:30 a.m.: Treasurer Rutherford will provide remarks and hold a media availability. He will depart at 11 a.m.
- 9:30 a.m. – 11:30 a.m.: I-Cash staff will be on site to help local residents find out if they have unclaimed property.
- Ramada Inn, Waukegan Rotary Club meeting, 200 North Green Bay Road in Waukegan:
- Noon: Treasurer Rutherford will provide remarks and hold a media availability. He will speak at the Kiwanis meeting at 12:30 p.m. (Although this meeting is closed to the public, media is allowed to attend.) Treasurer Rutherford will depart at 1:30 p.m.
- 11:30 a.m. – 1:30 p.m.: I-Cash staff will be on site to help local residents find out if they have unclaimed property.
Gurnee Village Hall, 325 North Oplaine Road in Gurnee:
- 2 p.m.: Treasurer Rutherford will provide remarks and hold a media availability. He will depart at 2:30 p.m.
- 1:30 p.m. – 3:30 p.m.: I-Cash staff will be on site to help local residents find out if they have unclaimed property.
Mundelein Police Station, 221 N. Lake Street in Mundelein:
- 3:30 p.m.: Treasurer Rutherford will provide remarks and hold a media availability. He will depart at 4 p.m.
- 2:30 p.m. – 4:30 p.m.: I-Cash staff will be on site to help local residents find out if they have unclaimed property.
North Barrington Village Hall, 111 Old Barrington Road in North Barrington:
- 5 p.m.: Treasurer Rutherford will provide remarks and hold a media availability. He will depart at 5:30 p.m.
- 4 p.m. – 5:30 p.m.: I-Cash staff will be on site to help local residents find out if they have unclaimed property
The rebranding of the I-Cash program has dramatically increased the number of searches and claims filed. In the first month after the launch of I-Cash, the number of web visits increased by 140 percent, and the number of claims increased by 322 percent as compared to the month prior.
The treasurer’s Unclaimed Property Division’s costs, including staff, computers and travel, are paid for through the Unclaimed Property Trust Fund, and not by tax dollars.
The I-Cash program helps reunite owners with their unclaimed property. The Unclaimed Property Division has $1.8 billion in cash, plus contents from Illinois safe deposit boxes that have been inactive for at least five years.
During Treasurer Rutherford’s first year in office, the Unclaimed Property Division returned more than $100 million to the people who owned those assets, a 23 percent increase over the previous year. The total returned in 2012 was $129 million, a 27 percent increase over the previous year.
It’s common for people to lose track of their assets when they move or when loved ones pass away. 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
- Safe deposit box contents.
To find out if you have unclaimed property through I-Cash, visit www.treasurer.il.gov and follow the I-Cashlink. The website is updated weekly to reflect new properties remitted to the office. Additionally, I-Cash teams conduct regular outreach across the state, place twice-annual notices in newspapers and send direct mail to new single-owner claimants with property worth more than $100. You can contact the Unclaimed Property Division by calling 217-785-6998 or emailing info@Icash.Illinois.gov, although searches cannot be completed by telephone.