State Treasurer Larry Pack presented Northco Corp with an unclaimed property check of over $26,000 on Thursday, April 24.
“I am always happy when my Office is able to return this amount of money to local businesses
throughout West Virginia,” Treasurer Pack said. “Even better, in this case, we are returning money to a business that supports our coal industry which is crucial to West Virginia’s economy.”
Northco Corp’s unclaimed property check, valued at $26,761, consisted of monies that came from a premium refund, turned over to the Office’s Unclaimed Property Division.
The company, located in Morgantown, focuses work on welding, fabricating, machinery, assembly of components on a project-by-project basis.
“This money can go back into our business, into our employees,” Northco Corp President Anthony Tiberi said. “This can improve the facility, improve a product or tool that our employees are using. We will look for anything we can add to continue our legacy as a good steward to the state of West Virginia.”
The Treasurer’s Office has more than $470 million worth of unclaimed property listings in its database. Currently, Monongalia County has nearly 198,000 unclaimed property listings worth nearly $25 million for individuals, businesses and organizations.
Treasurer Pack recently announced that his Office returned $2.3 million worth of unclaimed property to individuals, businesses and other organizations during the month of March. Since the fiscal year began on July 1, 2024, the Office’s Unclaimed Property Division has returned more than $30 million to rightful owners, surpassing the $28 million that was returned to rightful owners during Fiscal Year 2024.
“The Unclaimed Property program in our Office is able to help individuals, organizations and cities across the state,” Treasurer Pack said. “My Office encourages West Virginians to search for lost financial assets on our website.”
For more information about the unclaimed property program or to find out if the Office is holding any money for you or your family, visit www.WVUnclaimedProperty.gov.
What is Unclaimed Property?
Unclaimed property can include financial accounts or items of value in which the owner has not initiated any activity for one year or longer. Common examples include unpaid life insurance benefits, forgotten bank accounts and unused rebate cards. (While the title includes the word “property,” it does not however include real estate.)
West Virginia’s unclaimed property laws protect the public by ensuring money and property owed to them is returned to them, rather than remaining permanently with financial institutions, business associations, governments and other entities. The Treasurer seeks to reunite the unclaimed property, including uncashed paychecks, stocks, or safe deposit box contents, with its owner.
Nationwide, nearly 33 million people in the United States – one in every 10 – are estimated to have unclaimed property available for them to claim.
How Can I Find Unclaimed Property in My Name?
West Virginians searching for lost financial assets can go to www.WVUnclaimedProperty.gov. In addition to finding property, the website will also help you track a claim.
A demonstration of how to use the Unclaimed Property search site is available on the Treasury’s YouTube page, at: https://youtu.be/K09yQ7YNKlE.
To search for lost financial assets outside West Virginia, visit www.MissingMoney.com.