Illinois State Treasurer uses the ‘power of the internet’ to help return money

John Landecker

FILE – This Oct. 24, 2016, file photo shows dollar bills in New York. The Federal Reserve released a comprehensive report on U.S. households’ financial health, Wednesday, Sept. 27, 2017, including income and net worth of typical households. (AP Photo/Mark Lennihan, File)

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

Common misconception is the “hassle” of receiving it

Michael Frerichs, Illinois State Treasurer, joins John Landecker to discuss Illinois’ I-Cash unclaimed property program. Frerichs says the best part of the job is getting money returned to the rightful owners. A recent example was returning roughly 19 thousand dollars to the Geographic Society of Chicago. “We are fulfilling the wishes of someone no longer with us.” A woman left the funds in her will and the money sat for several years. The woman wanted to leave money to a good organization that supports the city. For more information, visit the website here.

Copyright 2021 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.