State Treasurer Riley Moore today announced his Office’s Unclaimed Property Division returned more than $94,000 to benefit the New River Health Association in Fayette County.
“I am proud my Office was able to return this large sum of money back to New River Health,” Treasurer Moore said. “This is a facility that is committed to providing essential health services to patients in southern West Virginia. I am proud these funds will be used to promote the health and well-being of our citizens.”
New River Health’s unclaimed property check, valued at $94,558.29, consisted of stale dated checks that were turned over to the Office’s Unclaimed Property Division. The money will be used toward patient care.
“New River Health serves patients who have transportation, economic, mental health, and other challenges to receiving care. These funds will help our most needy patients with travel expenses and out-of-pocket medical expenses insurance may not cover,” New River Health CEO John Schultz said. “On behalf of our staff and board of directors, we thank Treasurer Moore and his staff.”
Treasurer Moore recently announced that his Office returned nearly $1 million worth of unclaimed property to individuals, businesses and organizations during the month of August. Since the fiscal year began on July 1, the Office’s Unclaimed Property Division returned more than $4.1 million to rightful owners.
The Treasurer’s Office has more than $434 million worth of unclaimed property listings in its database. Currently, Fayette County has more than 72,000 unclaimed property listings worth more than $7.2 million for individuals, businesses and organizations.
“I want to encourage individuals and other organizations to keep checking our unclaimed property database because you never know if there may be unclaimed funds in your name,” Treasurer Moore said.
For more information about the unclaimed property program or to find out if the Office is holding any money for you or your family, 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 to them, 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.