(Part 2 of 2)

The IL State Treasury has returned over $432 million since it took over the unclaimed money program in 1999, $84 million of which was returned in 2006 alone, but with 1.4 Billion dollars waiting to be claimed and more coming in every year, the pile of cash will continue to grow.

Because money is always being added to the fund, it's very important to search regularly, not just one time. Money owed to you could be added tomorrow, or next week, or next month, or depending on the type of property in five years if that's the proper dormancy period. Each kind of property has its own dormancy period in each state, after which state laws make the holder hand it over to the state who will then hold on to it until the rightful owner comes forward to claim it.

Additionally, residents of IL may be owed unclaimed money in other states even if they have never lived in or even passed through them. Things like insurance overpayments when an employer utilizes an out of state insurance company can result in found money located in other states. Also, issues often come up corporations are incorporated in another state.

The bottom line is that the state of IL is currently home to a massive amount of money that is owed to its residents who simply need to learn the right ways to search, where to search, and how often to search. Learning these search tips from experienced funds locators in this field can give you a boost in your abilities to track down your money.

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Fringe report: Eagle calls for more morality in financial services (Epolitix via Yahoo! UK & Ireland News)
More morality is needed in our financial services industry to protect the people who have been the worst victims of the recession from future problems, the minister for welfare reform told conference on Monday.

South suburban residents can search for unclaimed cash (The Times of Northwest Indiana)
STEGER | The Illinois state treasurer's office and state Rep. Anthony DeLuca are teaming up for a Cash Dash program from 1 to 7 p.m. Monday at the Steger Village Hall, 35 W. 34th St. The treasurer's office currently holds $1.4 billion in unclaimed property for 10.2 million residents and businesses, and the program has been set up to try and give the money back. There are many cases where …

Rep. Gordon, Treasurer's Office to hold Cash Dash – Peoria Journal Star
State Rep. Jehan Gordon, D-Peoria, is teaming up with the Illinois State Treasurer's Office to return lost or forgotten property and money to area residents on Wednesday. Common forms of unclaimed assets include unpaid wages, overpayments on bills …

Money available to depositors from failed NL credit union (The Day)
New London – Five former depositors in the now-defunct New London Security Federal Credit Union, including local attorney Joel Suisman, have yet to claim their money after regulators closed the tiny financial institution last year. The total amount involved is only about $1,600, according to a spokesman for the Washington, D.C.-based National Credit Union Administration, the regulator that …