Carlisle, PA - Pennsylvania Treasurer Stacy Garrity and the Cumberland County Board of Commissioners today announced that more than $20,000 in unclaimed property has been returned to Cumberland County government.
“I am glad to see that the money owed to Cumberland County is back in the right hands. While we take our job of safeguarding these funds at Treasury very seriously, unclaimed property doesn’t belong to us. That’s why I encourage everyone, including government agencies and businesses, to go to Treasury’s website to see if any money is waiting for them to claim.”
Pennsylvania State Treasurer, Stacy Garrity
Treasurer Garrity has returned more than $6 million to 35 local governments, including counties and municipalities, since taking office.
“Our Department of Finance routinely reviews the unclaimed property list and applies for the funds that are owed to the county.”
Cumberland County Commissioner Gary Eichelberger
The $20,021.97 returned to Cumberland County includes 50 individual claims ranging in value from $1.39 to $7,930.00, including funds from accounts payable, claims payments, and other forms of unclaimed property.
Unclaimed property can include dormant bank accounts, uncashed checks, insurance policies, contents of forgotten safe deposit boxes and more. State law requires businesses to report unclaimed property to Treasury after three years of dormancy. Treasury keeps tangible unclaimed property for about three years before it is auctioned. Auction proceeds are kept in perpetuity for owners to claim. Military decorations and memorabilia are never auctioned.
Treasury is working to return more than $4 billion in unclaimed property to its rightful owners. About one in ten Pennsylvanians is owed unclaimed property, and the average claim is worth about $1,500.
To learn more about unclaimed property or to search Treasury’s database, visit patreasury.gov/unclaimed-property.