Illinois State Treasurer Michael Frerichs Returns Record $301 Million to Residents
SPRINGFIELD - Illinois State Treasurer Michael Frerichs returned a record $301 million to 321,558 Illinois residents through the state’s missing money program during Fiscal Year 2024. “Putting money back in people’s pockets helps families and our state’s economy,” Frerichs said. “This money belongs with its rightful owners, and we have added tools to return more of it.” Illinois’ missing money program — also known as I-CASH — is one of the state’s oldest consumer protection initiatives. The Illinois State Treasurer is tasked with safeguarding and returning unclaimed property, including the contents of overlooked safe deposit boxes, unpaid life insurance benefits, forgotten bank accounts and unused rebate cards. The Illinois State Treasurer is legally required to return unclaimed property to its owner or heirs, no matter how long it takes. Frerichs has given back more than $2 billion during his time in office. When
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