PA Treasurer McCord: Treasury’s Property Return Team Helping Veterans Claim What’s Theirs

HARRISBURG, PA – November 9, 2010 – (RealEstateRama) — As Veterans Day draws near, Pennsylvania Treasurer Rob McCord and his Unclaimed Property Return Team are working to help veterans organizations across the Commonwealth claim what is theirs – so far returning more than $73,000 in unclaimed property and identifying $14,000 more belonging to organizations.

“Each Veterans Day, we honor those who bravely serve and defend our nation,” Treasurer McCord said. “I am proud to reunite veterans’ service organizations with unclaimed property that is rightfully theirs – funds that will ultimately provide much-needed support and services for Pennsylvania veterans.”

Treasurer McCord directs staff in Treasury’s Bureau of Unclaimed Property to search not only for individual owners of unclaimed property but also for property owed to nonprofit and social service organizations.

“Just like households across the Commonwealth, veterans’ service organizations and other nonprofits look for ways to stretch every dollar,” Treasurer McCord said. “American Legions and VFWs from Cressona to Sewickley should know Treasury is working hard to reunite them with unclaimed funds.”

Treasurer McCord encouraged all organizations and community groups to find out if they have unclaimed property – by calling 1-800-222-2046 to speak with a Return Team member or search the free database at www.patreasury.org.

Generally speaking, unclaimed property is any financial asset that has been left with a business or organization without activity or contact for at least one year, including: bank accounts, uncashed payroll checks, accounts payable or receivable checks, credit balances, expired gift cards, savings and checking accounts, escrow accounts, money orders, travelers checks, utility refunds, insurance proceeds, stocks and bonds, and the contents of safe deposit boxes.

The McCord Treasury’s Return Team is working hard to locate the rightful owners of nearly $2 billion in unclaimed property. Last fiscal year, Treasury returned over $98.2 million to the rightful owners or heirs. Visit www.patreasury.org or call 1-800-222-2046 to search for unclaimed property.

Pennsylvania Treasurer Rob McCord is committed to increasing the economic security and prosperity of all Pennsylvanians. Before winning the statewide elected job of State Treasurer, McCord was a successful business leader and entrepreneur. A graduate of Harvard University with an MBA from the University of Pennsylvania’s Wharton School, he is now focused on strengthening the state’s economy, managing investments to get strong returns for taxpayers, and strengthening government efficiency and transparency. To learn more about Treasurer McCord’s initiatives and programs, please visit the Pennsylvania Treasury at www.patreasury.org. 

Contact:
Elizabeth Foose
717-787-2991