State Treasurer’s Office seeking to reunite Madison County residents with unclaimed assets

From Illinois Business Journal news services

EDWARDSVILLE – Madison County Clerk Debra Ming-Mendoza is teaming up with the Illinois Treasurer’s Office to help county residents retrieve unclaimed assets that have been transferred to the state after five years of inactivity.

As part of the I-Cash program, representatives of the treasurer will be at the Madison County Administration Building from 9 a.m. to 4 p.m. on Wednesday, March 25, to personally help residents determine if they have unclaimed assets and, if they do, complete the necessary forms and file the claim.

Ming-Mendoza said the state currently holds more than $2 billion in unclaimed property.Those assets range from cash, stocks and certificates of deposit to safe deposit boxes and other valuables.

“The Illinois Treasurer’s Office estimates it is in possession of more than $24.8 million that rightfully belongs to current or former Madison County residents and that one in every eight residents has an unclaimed asset,” Ming-Mendoza said. “If there is anything the clerk’s office can do to help get that property in the hands of the rightful owners we are happy to do it.”

In addition to meeting with I-Cash program representatives, residents can also discover if they have any unclaimed assets by visiting the I-Cash website https://icash.illinois.gov.

Formerly called Cash Dash, the unclaimed property program was renamed I-Cash in 2012. The law that created the unclaimed property program was established in the early 1960s as a consumer protection program.

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