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Treasury official tells Elk County commissioners $5 billion in unclaimed property exists statewide; Elk County share about $3.9 million
Summary
A Pennsylvania Treasury representative told Elk County commissioners the state holds more than $5 billion in unclaimed property, and Elk County’s share totals roughly $3.9 million; he urged residents to search patreasury.gov and described state programs including Keystone Scholars and PA ABLE.
Steve Schoep, a program relationships manager with the Pennsylvania Treasury, told Elk County commissioners that the Treasury manages roughly $180 billion in state funds and holds more than $5,000,000,000 in unclaimed property statewide. "We have over $5,000,000,000 on unclaimed property," Schoep said, adding, "Elk County alone... has $3,900,000."
Why it matters: Unclaimed property includes forgotten payroll, dormant gift card balances and contents from safe-deposit boxes; funds remain available to rightful owners in perpetuity until claimed. Schoep said many county residents and local entities are…
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