In these difficult times as financial institutions, including credit unions, face a potential liquidity crunch, it is imperative that these institutions conserve their capital. That conservation effort, in addition to managing investment and loan portfolios, should address their missing and unclaimed assets. By "missing and unclaimed assets," I mean funds and securities that are held by federal and state unclaimed property agencies for the benefit of credit unions. The states collectively hold some $70 billion in unclaimed assets belonging to "missing owners." Much of that $70 billion is owed to American businesses.
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