Louisiana State Treasurer John Schroder and more than forty of his staff had a successful event as they helped hundreds of people search for unclaimed property Saturday at Lakeside Shopping Center in Metairie.
This year, $427,000 was claimed and returned to the rightful owners.
Treasurer Schroder said they had an unbelievable turnout, including a lot of senior citizens and veterans, who either didn’t have computers, didn’t have internet access, or just didn’t trust the internet and wanted to speak to someone in person.
Every 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 weekend event was for $48,000.
To search for unclaimed property, visit the claims website or call toll-free at (888) 925-4127.
