State treasurer’s office reports January missing money returns

Over 25,000 claims were paid during the month of January. (WJBC File Photo)


PEORIA – Nearly $17.2 million in missing money was returned by the Illinois State Treasurer’s office in the month of January, state treasurer Michael Frerichs announced Tuesday.

The total includes more than $15.7 million in cash and interest and more than $1.4 million in stock value.

The missing money comes in the form of unclaimed property, meaning items such as rebate checks, uncashed vendor checks, and unpaid life insurance claims. When those contents cannot be returned to the rightful owners, the money ends up at the state treasurer’s office by law.

Over 25,000 claims were paid during the month of January.

Frerichs said that it brings him pride to reunite people and businesses with their money.

“It’s nice to put money back in people’s hands, and by returning that money into the economy, it does a lot more good for our state than it does sitting in a bank vault in Springfield”, he said.

Frerichs said to check the I-Cash website to see if there’s money waiting for you. 1 in 4 Illinois residents find unclaimed property and the average claim is $1,000. Illinois holds more than $5 billion in unclaimed property.

Frerichs also said it might be a good idea to check on the unclaimed property of deceased relatives.

“People put money in accounts or safe deposit boxes and they don’t tell their children about it. When they pass, the money isn’t claimed and it’s eventually turned over to our office. We’d like to give it back to its rightful owners or rightful heirs”, he said.

Last year, the treasurer’s office returned nearly $276 million in missing money through over 300,000 claims.

WMBD-TV can be reached at [email protected].


Labor Day – Expanding voting rights for all

By Mike Matejka Because of COVID, there is no Labor Day Parade this year.  It’s always a great event for our everyday workers to march proudly down the street and enjoys the festive crowd. If there had been a parade, this year’s Labor Day theme was to be “150 years of struggle: your right to vote.” …

Is federal mobilization the answer?

By Mike Matejka As President Donald Trump threatens to send federal marshals into Chicago, over the objections of Illinois Governor J.B. Pritzker, recall another Illinois Governor who protested the incursion of armed federal personnel into the city.   Those federal troops, rather than calming, escalated the situation, leading to deaths and violence. Illinois poet Vachel Lindsay…

In these troubled times, to my fellow white Americans

By Mike Matejka Our nation is at a unique watershed in human relations. African-Americans have been killed too many times in the past before George Floyd, but the response to this man’s death is international and all-encompassing. I was a grade-schooler during the Civil Rights 1960s. I watched Birmingham demonstrators hosed and the Selma – Montgomery…

Workers’ Memorial Day – Remember those whose job took their life

Looking around our community, when we say employer, most will respond to State Farm, Country, or Illinois State University.   We too often forget those who are building our roads, serving our food, or our public employees. COVID-19 has made us more aware of the risk.  Going to work every day for some people means…