Illinois State Treasurer holding nearly $3B in unclaimed property for residents

News
This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

GRANITE CITY, IL – Hundreds of people just across the river from the Arch are raking in thousands of dollars they never knew they had coming.

Everyone from a retired police chief to a 55-year-old bartender is cashing in.

There was an event at the Six Mile Library branch on Delmar in Granite City, Tuesday, to help make it happen.

It was part of an ongoing blitz from there to Alton to put people in touch with their unclaimed money.

State Rep. Monica Bristow, (D) Alton, has hosted about 10 such events in her district to make sure people know about the state treasurer’s “Icash” program.   The treasurer is holding nearly $3 billion in unclaimed money and property:  everything from uncashed paychecks, to stock dividends, and life insurance claims.

On average, one in four adults in Illinois has money waiting for them with more than 400,000 properties valued at more than $1,000 each.

Rich Schardan, the former police chief in Maryville and Granite City has found out he’s due about $1,900 his mother never claimed before she died.

“She would get dividend checks and I don’t think she realized after my dad passed ahead of her and she just wouldn’t cash them,” he said.

“Some of (the claims) are minute,” Bristow said.  “Some of them are very small.  I have another constituent this week we got in touch with.  It’s $200,000. It’s been sitting there for 12 years.  He did not know about it.”

There are more than 15 million unclaimed properties in Illinois, with hundreds of thousands added every year.

It’s very easy to find out for yourself.  Go the “Icash” web site, type in a name and hit search.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

About FOX 2 News

FOX 2 and KPLR 11 in St. Louis cover the news in Missouri and Illinois. There are over 68 hours of live news and local programming on-air each week. Our website and live video streams operate 24/7. Download our apps for alerts and follow us on social media for updates in your feed.

President Harry Truman said: “It is amazing what you can accomplish if you do not care who gets the credit.” That spirit is alive and well at Fox 2. Our teamwork is on display each and every day.

Our news slogan is: “Coverage You Can Count On.” We quite frankly are too busy to worry about who gets the credit. Our main concern is serving the viewer.

We go where the stories take us. Whether it be Washington, D.C when a Belleville man opened fire during a congressional baseball game practice or to Puerto Rico where local Ameren crews restored power after more than 5 months in the dark.

Coverage You Can Count On means “Waking up your Day” with our top-rated morning show. From 4:00 am-10:00 am we are leading the way with breaking news. But our early morning crew also knows how to have some fun! Our strong commitment to the communities we serve is highlighted with our Friday neighborhood shows.

Our investigative unit consists of three reporters. Elliott Davis focuses on government waste, Chris Hayes is our investigative reporter, and Mike Colombo is our consumer reporter. They work in unison with the news department by sharing resources and ideas.

We continue to cover breaking news aggressively and relied on our seasoned journalists to make a difference with the stories we covered. The shooting of Arnold Police Officer Ryan O’Connor is just one example of that. Jasmine Huda was the only reporter who had exclusive access to the O’Connor family during his amazing rehabilitation in Colorado.

Last, but certainly not least, FOX 2 and KPLR 11 are committed to covering local politics. We host debates among candidates and have the most extensive presidential election coverage. Our commitment to politics isn’t just during an election year. We produce two political shows that air every weekend.

Popular

Latest News

More News