Louisiana Department of Treasury gives back $427,000 at Lakeside Shopping Center
METAIRIE, La (press release) – Louisiana State Treasurer John M. Schroder and more than forty of his staff helped hundreds of people search for their unclaimed property Saturday at Lakeside Shopping Center in Metairie. The Unclaimed Property mall event, held in the mall’s center court, is the largest event held by the Louisiana Department of Treasury each year. This year, $427,000 was claimed and returned to the rightful owners.
“We’ve had an unbelievable turnout, including a lot of senior citizens and veterans, who either don’t have computers, don’t have internet access, or just don’t trust the internet and want to speak to someone in person,” says Louisiana Treasurer John M. Schroder. “This is why we do what we do each year, to let people see us in person working for them.”
Each year businesses turn over millions of dollars in unclaimed cash, stocks, bonds, securities, and insurance proceeds to the Louisiana State Treasurer’s office. Known as “unclaimed property,” these funds include payroll checks, old bank accounts, royalties, utility deposits, interest payments, stock certificates, and life insurance proceeds.
One in six individuals in Louisiana has unclaimed property, with claims averaging $900. The largest claim during the event today was for $48,000. One of the main reasons an item becomes unclaimed property is an incorrect or old address.
To search for unclaimed property go to www.LACashClaim.org or call us toll-free at (888) 925-4127 to see if money is owed to you.