McRae returns $12,000 in  unclaimed money  to Tupelo

Tupelo CFO Kim Hannah, Tupelo Mayor Todd Jordan, Mississippi Treasurer David McRae

Mississippi Treasurer David McRae returned more than $12,000 of unclaimed money to the City of Tupelo.

“Returning unclaimed money is an incredible economic stimulus because it doesn't rely on the generosity of taxpayers to fund,” said McRae. “It's not just communities that can have unclaimed money sitting with the state. Small businesses, churches, and individuals can also be the rightful owners of the cash. We encourage every Mississippian to search our website, Treasury.MS.gov, for their name. If you find cash, claim it and we'll get to work returning it to the person it truly belongs to.”

“We appreciate Treasurer David McRae and his staff for their efforts in getting these unclaimed funds back to the City of Tupelo,” said Tupelo Mayor Todd Jordan. “We would encourage everyone, not only in Tupelo but across the state, to check the unclaimed property list for their names or any person or companies that they may know.”

Unclaimed money is turned over to the state when banks, credit unions, and even retail stores are unable to find the rightful owner. After five years, financial institutions turn that money over to the state and the Treasury's Unclaimed Property Division is charged with finding the owner and returning the cash. In total, the Treasury has returned more than $35 million to Mississippians since McRae took office.

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