PRESS RELEASE
Treasurer Fitzpatrick Breaks Another Unclaimed Property Record
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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