State Treasurer Hosts I-Cash Event in Algonquin Today; Cary on Thursday

Illinois State Treasurer Dan Rutherford is encouraging residents to attend one of his I-Cash events today and tomorrow to determine if the state is holding any money or unclaimed property entitled to them.

There are 104,895 owners in McHenry County who have $19,422,314 in unclaimed property, according to a Rutherford press release.

Another 172,184 owners in Kane County have $36,216,632 in unclaimed property. This is according to the January list of unclaimed property holders, the release states.

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Visit the upcoming I-Cash events in McHenry County:

Wednesday, March 27

Algonquin: lower level meeting room, 2600 Harnish Drive, Algonquin.

3:30 p.m.: Rutherford will provide remarks. He will depart at 4 p.m.

2:30 – 4:30 p.m.: I-Cash staff will be on site to help local residents find out if they have unclaimed property.

Thursday, March 28

Cary: Cary Public Library, 1606 Three Oaks Road, Cary.

10:30 a.m.: Rutherford will provide remarks. He will depart at 11 a.m.

10 a.m. – Noon: I-Cash staff will be on site to help local residents find out if they have unclaimed property.

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“People are thrilled to find out they have money just waiting for them through I-Cash,” says Rutherford.

“I encourage area residents to come visit me at local I-Cash events for assistance in locating their money or property – plus everyone should make an attempt to review our online database annually so they don’t miss out on money, or valuable assets the state is holding for them.” 

The I-Cash program helps reunite owners with their unclaimed property. The Unclaimed Property Division has $1.7 billion in cash, plus contents from Illinois safe deposit boxes that have been inactive for at least five years. 

During Rutherford’s first year in office, the program marked the first time in history that the treasurer’s office returned more than $100 million to the people who owned those assets.

The total returned for 2012 was $129 million, a 27-percent increase over the previous year. In past administrations, the I-Cash program returned about $80 million annually to owners. 

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 the following: 

• 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, you can visit the treasurer’s website at www.treasurer.il.gov and follow the I-Cash link. The website is updated weekly to reflect new properties remitted to the office. 

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.