Treasurer Folwell Announces Record $105 million in NCCash Claims Paid | Eastern North Carolina Now | 50% More in Dollars Paid in Fiscal Year 2022

Coronavirus Disease 2019 (COVID-19)
Press Release:

    (Raleigh, N.C.)     The Unclaimed Property Division (UPD) of the Department of State Treasurer (DST) announced this week that it had paid 178,857 claims amounting to more than $105 million during the 2022 fiscal year. UPD is part of DST led by State Treasurer Dale R. Folwell, CPA. Both the number of claims paid, and the total amount claimed, represent a historical record for UPD.

    In 2021, the division paid out 125,134 claims valued at $70,447,815. In contrast, in 2022 178,857 claims were paid for $105,158,116. That represents a 43% increase in the number of claims paid and a 50% increase in the dollar amount.

    "It's amazing to see what NCCash has accomplished over the past year," Treasurer Folwell said. "Not only did they process a record number of claims, but they did it while moving locations and with a new head of the division - Allen Martin. It is a testament to his leadership and of the previous director Brenda Williams and, of course, the hardworking employees in the Unclaimed Property Division."

    The record number includes claims paid by UPD's highly successful NCCash Match program, which paid out 102,157 claims totaling more than $35.3 million during fiscal year 2022. The program, which started in October 2020, has been a resounding success. At first, the NCCash Match proactively only researched records and identified qualifying claims of $250 or less. Then, with the help of the General Assembly and Gov. Roy Cooper, they passed additional legislation allowing UPD to identify and pay claims up to $5,000.

    "We're in the check delivery business, so the more money we can get into the hands of North Carolinians the better," said Treasurer Folwell. "Now, we look forward to beating this year's numbers in fiscal year 2023."

    UPD receives and safeguards funds that are escheated, or turned over, to DST according to state law. The unclaimed property consists of bank accounts, wages, utility deposits, insurance policy proceeds, stocks and bonds that are uncollected or undeliverable, and contents of safe deposit boxes that have been abandoned. It is the repository for 17.6 million properties valued at $1.02 billion under DST's custody awaiting return to the rightful owners after being lost, misdirected or overlooked.

    "There are millions of items in DST's custody that don't qualify for NCCash Match," Treasurer Folwell said. "So I encourage you to go to the NCCash.com website and do a search for your name, your spouse's maiden name, your friends' and relatives' names, business, church and nonprofit to see if there is a windfall waiting to be collected. There is no fee for the search."

    More information, including how to find out if you are owed money, can be found at https://www.nccash.com.


   Contact:
   Email: press@nctreasurer.com
   Phone: (919) 814-3820
Go Back

HbAD0

Latest Bloodless Warfare: Politics

Have you heard the latest? Uncle Joe is attempting to appropriate billions of dollars to a program designed to mandate that CRT is taught across the nation in OUR public schools.
Gaston County flood resilience grant featured as one of many federal resilience investments benefitting American communities
Ted Budd Validates the Charlotte Observer’s Reporting that Working Families are FREAKING OUT About How the Inflation Caused by Biden Policies Supported by Beasley are Crushing Family Budgets And, of Course, the TV Ad Reeks of Cinematic Excellence
Inflation remains at a 40-year high, and while Congress prepares to spend hundreds of trillions of dollars more, families across North Carolina are struggling with the higher costs of getting their children ready to return to school.
Today, U.S. Senator Thom Tillis (R-NC) announced $60 million in grants from the U.S. Department of Transportation (USDOT) Rebuilding American Infrastructure with Sustainability and Equity (RAISE) Grant Program.
The NCTA had endorsed Cheri Beasley previously before Beasley went all in on Defund the Police (raising thousands of dollars from that crowd before she got caught)
Cheri Beasley puts blame on Republicans for the struggles North Carolina families are facing through inflation, but let’s check the facts.
Today, Secretary of State Mike Pompeo endorsed Ted Budd for U.S. Senate in North Carolina.
Former US Rep. Charles Taylor, one of the longest-serving Congressmen in Western North Carolina history, today announced his endorsement of State Senator Chuck Edwards.

HbAD1

U.S. Senators Thom Tillis (R-NC) and Bill Hagerty (R-TN) introduced the Voice for Victims Act, legislation to restitute the VOICE Office to provide “proactive, timely, adequate, and professional services to victims of crimes committed by removable aliens” and their families.
This week, the Government Accountability Office (GAO) determined the United States Department of Agriculture’s (USDA) Thrifty Food Plan must get authorization on a proposed price increase through Congress before it can take effect.
Cheri Beasley is up on TV with an ad bemoaning the influence of corporate PAC money. She even goes so far as to say that she doesn’t take a dime of corporate PAC money.
RALEIGH: Today, Governor Roy Cooper joined Dominion Energy CEO Robert M. Blue to observe Dominion Energy wind turbines off the coast of Virginia and addressed the third North Carolina Taskforce for Offshore Wind Economic Resource Strategies (NC TOWERS) meeting in Elizabeth City.
DoD is Falling Behind on Providing Safe Housing to Service Members and Conducting Proper Oversight Military Housing Readiness Council Act Would Create Council in DoD Serving as Focal Point for Safe Military Housing
Hendersonville – Sen. Chuck Edwards, the Republican Nominee for Congress in North Carolina’s 11th District, announced today that he has accepted an invitation to participate in a general election debate hosted by WLOS.

HbAD2

 
Back to Top