This month, Louisiana's Unclaimed Property Program is proud to announce the program was awarded the prestigious UPPO Members’ Choice Unclaimed Property State of the Year Award. This award was presented to the state of Louisiana during the Unclaimed Property Professionals Organization (UPPO) Annual Conference, which recognizes a state with a business-friendly approach to this program, including things like having a user-friendly website, accessibility to information, and a commitment to engaging their community in the program.
When asked about the award, Treasurer Schroder proclaimed how pleased he was with the progress of the program and the tireless efforts of the staff and employees of the Unclaimed Property Program. In the last four years, Louisiana's Unclaimed Property Program went from issuing around 77,000 checks to more than 564,000 checks!
“I am incredibly proud of our Louisiana Treasury Unclaimed Property Program and staff who work hard returning unclaimed property to its rightful owners,” said Louisiana State Treasurer John M. Schroder. “Over the last four years, our Unclaimed Property Program has gone from being ranked 38th in the nation to being among the top for outcomes. In addition, we have seen a 632% increase in the number of checks issued.”
The deciding committee for the award recognized Louisiana’s Unclaimed Property Program for its professionalism, courteousness, and support in assisting companies in complying with the law. They especially noted and acknowledged the new website that allows companies to pay and access pertinent information online. This award is voted on by UPPO members, which is comprised of businesses and corporations that are required to report Unclaimed Property to the state. Read more about this phenomenal accomplishment here.