Home | How It Works | Guarantee | Privacy | Order Now | Search Unclaimed Money | Help

Government Officials are Stunned on Growing Amounts of Unclaimed Money

The unmanageably rising pile of unclaimed money has left government officials more stunned than we can imagine. Federal agencies and state government officials in charge of the unclaimed funds are going through a very tough time trying to locate the owners of the lost funds. The growth of unclaimed funds across all the state treasuries has been scorching to say the least, and it has left most of the officials speechless.

Smaller states, which until now have been ignoring the onslaught of unclaimed funds, have now also been caught on the wrong foot. While the larger states were already grappling with the onslaught of unclaimed funds, even the smaller states and financial organizations, like banks, and insurance companies, are also reporting large volumes of abandoned and unclaimed funds.

State officials in New York and California are facing the mammoth challenge of locating the owners of huge unclaimed monies: $10 billion and $6 billion respectively. A recent Press Release is about half a million dollars in unclaimed money from former Washington Mutual Bank customers in Wisconsin is waiting to be claimed.

Although assisted in a large manner by NAUPA (National Association of Unclaimed Property Administrators), it is daunting task for the states and its managing bodies to reunite the owners of $40 billion of unclaimed funds. Unable to tackle the problem of unclaimed funds growth, most of the larger states have already embraced a combination of online, print media, and electronic media awareness programs to reach out to as many people as possible. These programs are meant to spread the awareness about the unclaimed funds and also the process of claim.

Government officials are taking various measures by utilizing every form of media to spread the awareness about the unclaimed funds. The outreach program of the state, along with the National Association of Unclaimed Property Administrators (NAUPA), a nonprofit organization affiliated with the National Association of State Treasurers, has managed to spread widespread awareness about the state government’s unclaimed funds initiative. In spite of this large scale effort by everybody in the state machinery, the unclaimed money pile only seems to grow at an alarming rate.

Comments are closed.

Affiliate Program | How It Works | Guarantee | Privacy | Unclaimed Property Blog | Order Now | Media & Press Relations
Unclaimed Property Definitions | Unclaimed Money | Useful Money Links | Link To Us | State Property List | Help

Copyright © 2002 CashUnclaimed.com. All Rights Reserved. By use of this site you are specifically agreeing to
the terms of use posted on this site. You should click here to review them now.

When you perform a free trial search on CashUnclaimed.com we display the total dollar amount in unclaimed funds that we show reported by the appropriate government agencies. This does not guarantee that this money is 100% absolutely yours. What it means is that there is that total dollar amount shown by government agencies under your name and common variations of your name at the last time we had the information available to us was reported as unclaimed and is able to have a claim form submitted to be paid that amount. For more information please read our terms of use by clicking the link above.