What Do Credit Unions Do With Unclaimed Property?

Your League is pleased to present a new webinar titled, Handling Unclaimed Property, to educate credit union staff how to handle dormant accounts. Join us for this webinar on Thursday, July 30, from 10:00 a.m. to 11:30 a.m., to learn the best practices on unclaimed property.

Did you know that unclaimed property can include checking accounts, certificates of deposit, uncashed checks, unpaid wages, gift certificates, savings accounts, contents of safe deposit boxes, among other things? This webinar will explain the Uniform Unclaimed Property Act and what every credit unions needs to know to evaluate its current practices. Webinar attendees will  get a legal overview of  the Uniform Unclaimed Property Act and what your credit union’s responsibilities under the UUPA.

You’ll also learn when an account is considered dormant and what specific Maine laws are regarding unclaimed property.

Click here to register; contact Susan Erlandson;, or call your League’s Member Services at 800.442.6715.