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With the passage of the Coronavirus Aid, Relief, and Economic Security Act (CARES Act), eligible Americans will be receiving Economic Impact Payments as part of coronavirus tax relief efforts.

For the latest information, please visit the IRS website.


What should I do with my economic impact payment?

  • Prioritize. Focus on the bills that keep a roof over your head, the lights on and food on the table.  
  • Talk to us. We are here to help you take care of what is most important - learn how we can help so you can use your payment for what you need now.  
  • Save some of it. If you set aside even $100-200, that can provide a cushion for bills that are coming in a couple of weeks.  
  • Don't hoard cash. Your money is safe with us - your accounts are Federally insured by the NCUA.  
  • Protect yourself. Watch out for suspicious emails, texts, or phone calls. The IRS will not ask that you pay a fee or confirm personal information before issuing an economic impact payment. 
  • Pay your taxes. The deadline for filing and paying income taxes has been extended to July 15. If you haven't saved to pay your income taxes, you may want to consider using the economic impact payment to pay your taxes

 

Have additional questions? Use our Online Chat Option or call us at 517-622-6600.

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