Press release from the Department of State Treasurer’s Unclaimed Property Division
Three Buncombe County entities will get an infusion of cash from State Treasurer Dale R. Folwell, CPA, when he visits the area on Friday, April 1, and that’s no foolin’.
He will be returning missing money to the town of Montreat, the United Way of Asheville and Buncombe County, and the city of Asheville.
Media attending Friday’s events will have an opportunity to ask Treasurer Folwell about the Department of State Treasurer’s (DST) Unclaimed Property Division (UPD), commonly called NCCash.com. It is the repository for approximately 18 million properties valued at roughly $919 million under DST’s custody awaiting return to the rightful owners. The treasurer also will field questions on other issues of interest during the events, which are open to the public.
The treasurer will be at Montreat at 10 a.m. to deliver a check for $5,222.92. At 1 p.m. he will be at the United Way for a $2,593.04 check presentation. He will conclude the trio of deliveries at Asheville City Hall at 2 p.m. to return $5,230.19.
During routine reviews of data in the system UPD staff determined the three Buncombe County entities had money belonging to them that had been diverted to the state’s escheats fund, maintained by DST.
For the fiscal year through Dec. 31, UPD has paid 86,106 claims totaling about $50.1 million from NCCash. Part of that total has been disbursed through the new NCCash Match program, a no-hassle, expedited system that eliminated paperwork processing. As of Dec. 31, DST paid 54,960 claims totaling nearly $19.1 million.
Under state law, UPD receives and safeguards funds that are escheated, or turned over, to DST. The unclaimed property consists of bank accounts, wages, utility deposits, insurance policy proceeds, stocks, bonds and contents of safe deposit boxes that have been abandoned. More information, including how to find out if you are owed money, can be found at NCCash.com.
What: Check Presentation to the Town of Montreat
Who: Treasurer Folwell; Montreat mayor Timothy Helms
When: Friday, April 1, at 10:00 a.m.
Where: Montreat Town Hall, 1210 Montreat Road, Montreat
What: Check presentation to the United Way of Asheville and Buncombe County
Who: Treasurer Folwell; Kevin Montgomery, United Way Vice President of Resource Development
When: Friday, April 1, at 1 p.m.
Where: 50 S. French Broad Ave., Asheville
What: Check presentation to the City of Asheville
Who: Treasurer Folwell; Asheville mayor Esther Manheimer
When: Friday, April 1, at 2:00 p.m.
Where: Asheville City Hall, 70 Court Plaza, Asheville
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