Reminder About Escheat Accounts
The State of California requires your Credit Union to deliver funds from inactive accounts (presently, those inactive since June 30, 2011) to the Controller’s Office annually. The State defines inactivity as no deposits or withdrawals. This does NOT include dividend postings or charges made to the account by Schools. If your account has been inactive since June 30, 2011, and you wish to avoid having your funds sent to the State, you need to make a deposit or withdrawal on the account or inform us of your intent to keep the account open via phone or mail by October 15, 2014.