CHICAGO FIREMAN’S ASSOCIATION CREDIT UNION
**NOTICE TO CREDIT UNION MEMBERS REGARDING UNCLAIMED PROPERTY**
The State of Illinois has enacted a new law governing unclaimed property held in the State. The Revised Uniform Unclaimed Property Act goes in to effect on January 1, 2018. Under this Act, the presumptive period of abandonment for deposit accounts changes from 5 years to 3 years. As a result, accounts without any owner activity for a 3 year period will be turned over to the Illinois State Treasurer’s Office, upon completion of owner notification procedure and subject to the criteria set forth in the Act.
BEGINNING NEXT SPRING, WE WILL BE OFFERING E-STATEMENTS TO ALL OF OUR MEMBERS!
This will allow online access for members to check savings account and loan balances! Update your email with us to enroll!