State Treasurer Riley Moore today announced his Office’s Unclaimed Property Division returned nearly $152,000 to New River Health in Fayette County.
“Since the fiscal year began, my Office has returned more than $15.7 million worth of unclaimed property back to West Virginia citizens, businesses and organizations,” Treasurer Moore said. “I am proud to reunite New River Health with their lost funds, and I encourage everyone to keep checking www.WVUnclaimedProperty.gov to see if you have money to claim.”
New River Health had two claims with the Office, valued at $151,754.27 total. The funds consisted of stale dated checks that were turned over to the state’s Unclaimed Property Division.
“As CEO of New River Health, I find financial challenges a daily struggle,” New River Health CEO John R. Schultz said. “We provide care for thousands and employ 150 people. Income from patient services and grants rarely offset the costs we incur. Discovering how easy it was to file for unclaimed property from the State Treasurer’s Office was a bright spot in this ongoing challenge.
“I encourage business owners and individuals to file for unclaimed property, regardless of whether they think it might exist – New River Health is proof it is worth the time spent to investigate. Thank you to everyone in the State Treasurer’s Office who assisted us in receiving these unclaimed property claims.”
The Treasurer’s Office has more than $430 million worth of unclaimed property listings in its database. Currently, Fayette County has nearly 73,000 unclaimed property listings worth more than $8 million.
For more information about the unclaimed property program or to find out if the Office is holding any money for you, visit www.WVUnclaimedProperty.gov.
What is Unclaimed Property?
Unclaimed property can include financial accounts or items of value in which the owner has not initiated any activity for one year or longer. Common examples include unpaid life insurance benefits, forgotten bank accounts and unused rebate cards. (While the title includes the word “property,” it does not however include real estate.)
West Virginia’s unclaimed property laws protect the public by ensuring money and property owed to them is returned, rather than remaining permanently with financial institutions, business associations, governments and other entities. The Treasurer seeks to reunite the unclaimed property, including uncashed paychecks, stocks, or safe deposit box contents, with its owner.
Nationwide, nearly 33 million people in the United States – one in every 10 – are estimated to have unclaimed property available for them to claim.
How Can I Find Unclaimed Property in My Name?
West Virginians searching for lost financial assets can go to www.WVUnclaimedProperty.gov. In addition to finding property, the website will also help you track a claim.
A demonstration of how to use the Unclaimed Property search site is available on the Treasury’s YouTube page, at: https://youtu.be/K09yQ7YNKlE.
To search for lost financial assets outside West Virginia, visit www.MissingMoney.com.