Louisiana Has Nearly $700 Million In Lost Money ... Some Of It Could Be Yours

BATON ROUGE, LA – Nearly $700 million in Unclaimed Property is sitting in the Louisiana treasury. New Orleans area residents can see if any of the money belongs to them at an Unclaimed Property Awareness Day on Saturday, Sept. 12, at Lakeside Shopping Center.

“Out of that $700 million, more than $100 million belongs to residents in New Orleans alone,” State Treasurer John Kennedy said. “Come to the mall and let us help you search our database. We’ll even help you fill out the paperwork to claim any money you find. You have a better chance of finding Unclaimed Property than of winning the lottery.”

Employees from the Treasury’s Unclaimed Property Division will be stationed in the Center Court at the Lakeside Shopping Center, located at 3301 Veterans Memorial Blvd. in Metairie, from 10 a.m. to 3 p.m.

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. 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 $373 million to nearly 600,000 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.).

Michelle Millhollon
(225) 342-0012