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Elyria Receives $3.4 Million from Forgotten, Decade-Old Transaction

Monday, January 28, 2013 at 5:14 PM

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Virtually every day, some people type their name into a special internet site and discover that they are owed money that is sitting in Ohio’s Unclaimed Funds system. It could be a long-forgotten rent deposit, an abandoned savings account, or an uncashed utility refund. On Monday, Ohio commerce officials made history when they handed over an unclaimed funds check -- not to a person, but to the city of Elyria. David Goodman is the state commerce director. He tells the story to Ohio Public Radio’s Bill Cohen.

Goodman says about 900,000 Ohioans or groups have claimed unclaimed funds, and the city of Elyria is just the latest.

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