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Treasurer Fitzpatrick Breaks Another Unclaimed Property Record

Thursday, August 12, 2021
Treasurer's name

Sixth record since taking office in January 2019

 

Jefferson City, MO – Missouri State Treasurer Scott Fitzpatrick today announced that his administration has broken its sixth Unclaimed Property record in two and a half years, returning more Unclaimed Property in a month than any prior month in the program’s history. In the month of July, $7,707,009.24 was returned to nearly 31,000 Missourians.

 

The prior record of $7.3 million returned in one month occurred in 2011 and was the result of the largest single UCP claim in program history, $6.1 million. This administration currently holds the record for two of the top three largest months in program history.

 

“Missouri has over $1 billion of Unclaimed Property that belongs to more than 5 million people. Returning this money to rightful owners is a priority for my office,” Treasurer Fitzpatrick said. “This record-breaking accomplishment is a reflection of the dedicated staff in my office as well as effective outreach efforts. I am always looking for new ways to connect Missourians to their money through innovative partnerships and new promotional strategies. I encourage Missourians to search the Unclaimed Property list. It is free to claim your money and many claims can be submitted online.”

 

                Beginning today, visitors to the Missouri State Fair can visit the Unclaimed Property booth in the Mathewson Exhibition Center to search for and submit a claim for their Unclaimed Property. The booth is open from 9:30 a.m. to 3:30 p.m. each day of the Fair.

 

Since taking office in 2019, Treasurer Fitzpatrick has broken five additional Unclaimed Property records. Last month the office announced he returned more Unclaimed Property in one fiscal year than any prior year. His other broken records include returning the first $1 million of his administration in less than 10 days, returning over $45 million in one fiscal year, returning Unclaimed Property to more Missourians in one year than any prior treasurer, and returning $100 million to Missourians faster than any prior treasurer.

 

Treasurer Fitzpatrick is committed to finding innovative ways to streamline returning Unclaimed Property to Missourians. In 2020, Treasurer Fitzpatrick partnered with the Department of Labor and Industrial Relations to return Unclaimed Property to those who have applied for unemployment benefits. This partnership has returned over $4.3 million to more than 17,000 Missourians. In 2019, he announced a new partnership with the Department of Social Services that created an automated system to match past-due child support cases with the Unclaimed Property database. This partnership has returned over $3.9 million to Missouri families.

 

Most Unclaimed Property consists of cash from bank accounts, stocks, bonds, and contents of safe deposit boxes that have been abandoned. It can also include uncollected insurance policy proceeds, government refunds, utility deposits, and wages from past jobs.

 

The Treasurer’s Office also holds more than 250 military medals and insignia that have been found in safe deposit boxes turned over to the office as Unclaimed Property. Photos and information about the last known owner can be found on ShowMeMoney.com/medals.

 

Treasurer Fitzpatrick currently manages over $1 billion in unclaimed assets in more than five million owner accounts. One in ten Missourians has Unclaimed Property, and the average return is nearly $300.

 

                Missourians can search and claim unclaimed property 24/7 at ShowMeMoney.com.

 

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