Louisiana Has More Than $600 Million in Lost Money...Some of It Could Be Yours

BATON ROUGE, LA – Louisiana residents have more than $600 million in Unclaimed Property, and Lafayette area residents can see if any of this money belongs to them at an Unclaimed Property Awareness Day on Saturday, Aug. 23, at 5725 Johnston St. in Lafayette.

“This money belongs to the people, and the Legislature and I want to give it back to them. It only takes a few minutes to find out if you have money in the treasury, and it’s a free service. You might find money to help pay your back-to-school shopping bills,” State Treasurer John Kennedy said.

Employees from the Treasury’s Unclaimed Property Division will be stationed in the Center Court at the Acadiana Mall, located at 5725 Johnston St. in Lafayette, from 10 a.m. to 3 p.m. Treasury employees will help citizens file Unclaimed Property claims.

Individuals attending Saturday’s event are asked to bring a valid photo ID and Social Security Card to speed up the processing of their claims. Active duty military and retired veterans should bring their military IDs. No checks will be issued at the event. Checks for all approved claims will be issued and mailed as quickly as possible after the event.

The average claim is $900 and usually includes old savings and checking accounts, payroll checks, CDs, stocks and dividends, insurance proceeds, oil and gas royalty payments, utility deposits and similar funds. Since 1972, the Unclaimed Property Program has returned more than $338 million to nearly 570,000 Louisiana citizens.

Treasurer Kennedy encourages Louisiana residents who cannot attend Saturday’s Unclaimed Property Awareness Day to search for missing money online at www.LATreasury.comor call the Treasury’s toll-free hotline at 1-888-925-4127 (Monday – Friday 8:00 a.m. to 4:30 p.m.).

Contact:
Michelle Millhollon
(225) 342-0012
mmillhollon@treasury.state.la.us