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April , 2017
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Thousands of Illinois Residents Have Cash or Property to Claim; New Names Reported Every Year

 

SPRINGFIELD, IL – A statewide newsprint advertising push began this week to reunite Illinois residents with approximately $2.8 billion in unclaimed property, Illinois Treasurer Michael Frerichs said today.

Frerichs drew attention to the advertising blitz to reassure residents that the unclaimed property effort is legitimate. The treasurer’s office never charges money to search and return unclaimed property.

“This money does not belong to the State of Illinois. It belongs to Illinois residents, businesses and local governments and we want to make every effort to return it,” Frerichs said. “With the state’s current fiscal challenges, getting this money out to the community is more important than ever.” 

Since January 2015, the Illinois Treasurer’s office has paid out more than $250 million to the public.

The Illinois treasurer’s office is the custodian of unclaimed property including lost bank accounts, insurance policy proceeds, and unpaid rebate cards. Items are surrendered after private entities tried for at least five years to locate the owner. For example, if an individual forgot to pick up a final paycheck, the employer typically would attempt to contact the individual before surrendering the paycheck to the treasurer’s office. Once surrendered, the treasurer’s office continues to locate the individual through direct mail, telephone calls and events. State law also requires newspaper advertising to occur twice each year in every county. Given the evolving ways residents consume news and advertising, the treasurer’s office will incorporate digital and social media channels to inform the public.

Because thousands of items are surrendered each year, residents should check every six months. Visit www.illinoistreasurer.gov/ICASH or call 217.785.6998.

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Welcome to CopyLine Magazine! The first issue of CopyLine Magazine was published in November, 1990, by Editor & Publisher Juanita Bratcher. CopyLine’s main focus is on the political arena – to inform our readers and analyze many of the pressing issues of the day - controversial or otherwise. Our objectives are clear – to keep you abreast of political happenings and maneuvering in the political arena, by reporting and providing provocative commentaries on various issues. For more about CopyLine Magazine, CopyLine Blog, and CopyLine Television/Video, please visit juanitabratcher.com, copylinemagazine.com, and oneononetelevision.com. Bratcher has been a News/Reporter, Author, Publisher, and Journalist for 33 years. She is the author of six books, including “Harold: The Making of a Big City Mayor” (Harold Washington), Chicago’s first African-American mayor; and “Beyond the Boardroom: Empowering a New Generation of Leaders,” about John Herman Stroger, Jr., the first African-American elected President of the Cook County Board. Bratcher is also a Poet/Songwriter, with 17 records – produced by HillTop Records of Hollywood, California. Juanita Bratcher Publisher

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