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State Treasurer explains unclaimed property responsibility

August 30, 2011 By

So how and why does unclaimed property fall to the State Treasurer to take care of and return to its rightful owners?

Under state statute, any property or account that is dormant for five years is turned over to the State Treasurer’s Office. Holder of that office Clint Zweifel says before that, the places where this property turns up could try to find the owners. He says the difference is, his office has 14 investigators tasked only with trying to return unclaimed property, allowing the banks and other institutions where it turns up to stick to their jobs.

382,000 dollars has just been returned to two women in the St. Louis area. That total came from 256 separate accounts connected to the pair.

Zweifel says his office has another 600 million dollars in unclaimed property, and an estimated 1 in 10 Missourians owns a piece of that. He urges citizens to visit www.showmemoney.com to find out if some belongs to them.

Filed Under: Economy, Human Interest, Insurance, Politics & Government

Royals rock former Mizzou pitcher

August 30, 2011 By

The Royals smashed three home runs against former Missouri Tiger star pitcher Max Scherzer as they took down the AL Central leading Detroit Tigers 9-5 on Monday night.

Alex Gordon hit his 19th homer of the season and went 4 for 5 raising his average to .305. Gordon led off the game with a solo shot. Rookie catcher Salvador Perez and Alcides Escobar, the 8 and 9 hitters for the Royals also hit solo shots against Scherzer.

The Royals had 18 hits on the night with Perez and Melky Cabrera each had three apiece.

Luke Hochevar allowed all five runs in seven innings to move to 9-10 on the season. The Royals had a 5-0 lead, when Detroit scored three in the bottom of the third, but the Royals answered with two more in the fourth to give some breathing room.

Filed Under: Sports Tagged With: , ,

Celebrating 40-year old OATS (AUDIO)

August 30, 2011 By

A transportation system that started a movement to provide bus service in rural Missouri is celebrating its 40th anniversary next month. Rural Missourians without means of transportation had trouble getting to town for their medical needs, shopping, or social events before 1971 when the Older Adults Transportation Service began operations.. But “Don’t, please, refer to it as Older Adults Transportation,” says Executive Director Linda Yeager, who says the service has grown far beyond its original purpose and its original name. [Read more...]

Filed Under: Human Interest, Transportation

Credit unions gain popularity (AUDIO)

August 29, 2011 By

The Department of Insurance says state-regulated credit unions are bigger than they ever have been. Spokesman Travis Ford says the 125 state-regulated credit unions have topped 10 billion dollars in assets for the first time ever.

Missouri ranks eighth in the nation for the number of state-chartered credit unions, with nearly 90 percent of all credit unions in the state being state-chartered. Ford says there’s a reason why more people are depositing money in banks and credit unions than previously.

Ford says a law that went into effect this week regarding credit unions gives more similarities to credit unions and banks in the way they’re regulated. He says, for example, if an employee were to alter book-keeping or misrepresent the institution, that employee can be prohibited from working in the industry, the same way a bank employee would.

(AUDIO) Allison Blood reports on credit unions Mp3 1:03

Filed Under: Economy, Finance

Republic schools under fire from families with special needs children

August 29, 2011 By

A report in Springfield says the Republic School District in another lawsuit involving a special needs student. The district is being sued by a family that contents the district wrongly kicked their daughter out of school after she complained she’d been raped and took no action until she had returned to school and had been raped again.

The Springfield News Leader reports the district has paid more than $27,000 to another family to offset the legal bills they ran up in their lawsuit after their son was kicked out of school several times. The school district argued the boy had a conduct disorder. The family argued he was bipolar and hyperactive but the district did not give him any help in curbing the behavior. An appeals court has ruled the boy is disabled. The newspaper reports the school district spent more than $62,000 defending itself.

Filed Under: Briefs
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