Government Stimulus Information

With the passing of the American Rescue Plan Act in early March 2021, Stimulus payments will most likely be delivered to consumers soon.  The Federal Government will plan to send out EIP Direct Deposits in waves to those who have an account number on file with the IRS or Social Security.

What You Need To Know About Stimulus Payments:

  • The stimulus payments are distributed by the Federal Government and 1st Community Credit Union has no control over when your payments are deposited to your account.
  • Because the deposits are sent in waves, your friends and family members may receive the EIP deposit one or more weeks before or after you receive it.
  • Most payments will arrive by Direct Deposit to the account information on file with the IRS . In some cases, eligible recipients will receive a paper check or debit card by mail.
  • Please utilize Online Banking and free Deposit eAlerts to check your account for the Stimulus deposit(s). We expect high call volumes as a result of these payments and using our convenient eServices will help you save time. Scroll down for information on how to check for pending transactions in Online Banking, or how to set up eAlerts to notify you of deposits to your account.  It's also easy to check your daily balance via our free Mobile App or P.A.T.T. Telephone Banking.
The IRS website should be your resource for any questions you have regarding eligibility for Economic Impact Payments. The IRS will make updates to their website as new information becomes available.

What If My Information Is Different Now:

  • Stimulus payments are sent out using the information on file with the IRS or Social Security. If your account information has recently changed, provide the IRS with updated information as soon as possible. 

SAVE TIME AND HASSLE WITH E-SERVICES:

SEE PENDING DEPOSITS AND ENROLL IN DEPOSIT E-ALERTS BY LOGGING INTO ONLINE BANKING

To find out when the stimulus check is likely to hit your account, check out 'Pending Transactions' in Online Banking:

  • Log into Online Banking. If you have multiple accounts at 1st CCU make sure you are logging into the account that the automatic deposit is supposed to be delivered to (the one on file with the IRS or Social Security).
  • Click on the Transactions link in the tool bar,  then select 'Pending Transactions'.
Pending Transaction screenshot
  • If there are any pending deposits or withdrawals you will be able to view them on the Pending Transactions screen (see screenshot below).  The screen will show the account the transaction will hit, where the transaction is coming from, and transaction amount, and the effective date that the automatic deposit will go into the account.
screenshot showing pending deposit notification
  • Please Note: The Pending Deposit Transactions are only viewable within Online Banking. Deposits that are pending will not show up in the Mobile App.

To be notified when the stimulus check has been deposited to your account, enroll in free eAlerts:

  • In Online Banking, simply click on the 'Services' tab and select the 'Continue' box next to E-Alerts. 
  • Click the 'Add Alert' button on the far right side of the screen. 
  • Click on the words "Add Share Alerts"
screenshot of online banking eAlert starting point
  • Change the drop down field to the account where the automatic deposit is supposed to go (the account on file with the IRS).  Note: You can set up a Deposit Alert for multiple accounts, you just need to set them up one at a time.
screenshot of selecting account number for setting up ealerts in online banking
  • Click the box next to Deposit Alert and set the minimum/maximum deposit amount you want to be alerted to. (If you want to be notified of ALL deposits, set the minimum threshold at $1.00, otherwise type in the minimum deposit amount you would like to be alerted to.)   screenshot of setting up the eAlert for Deposits
  • You control these alerts and you can customize them and change them in Online Banking whenever you like.  Before clicking save, feel free to customize any other alerts you want to set up for that account, such as a Daily Balance Alert or Minimum Balance Alert.  When you've selected and customized the thresholds for the alerts you want to receive for that account, click the Save button. 
  • Before leaving the eAlerts screen please double-check the information under the Current Settings toolbar. If your Email Address and/or Text SMS Address are outdated you may click on them to update them.
Note: Members who do not have internet access but have a cell phone that is capable of receiving text messages may ask a 1st CCU Member Service Representative for assistance in getting set up to receive text alerts for activity in their account.
BEWARE OF NEW SCAMS THAT WILL POP UP AND WATCH FOR SUSPICIOUS ACCOUNT ACTIVITY
When the EIP stimulus plan has been put into place, consumers will begin to see an increase in scams.  Con artists will set up fake websites, send out emails, blast phony text messages and start calling consumers in an attempt to trick people.  The Federal Trade Commission advises consumers to avoid becoming a victim of these scams by doing the following:
  1. Don't respond to texts, emails or calls you receive about checks from the government.
  2. Hang up on robocalls. Scammers use illegal robocalls to pitch just about anything to their victims, from low-priced health insurance to work-at-home schemes.
  3. NEVER give out personal or sensitive information to anyone who calls, texts, or emails you. This includes social security numbers, account numbers, debit and credit card numbers, etc. It also includes your Online Banking login user name and password.
  4. Be wary of ads.  Scam ads can be for test kits, vaccinations, miracle treatments or cures. Delete ads without responding, and never click on links from sources you don't know. 
  5. Watch out for con artists claiming to be from the CDC, WHO, or IRS. 
  6. Do your homework when it comes to charitable donations. Never donate in cash, by gift card, or by wiring money. 
  7. Monitor your account activity and notify your financial institution if you detect suspicious transactions. Utilizing Online Banking, our Mobile App, free eAlerts, and/or P.A.T.T. Telephone Banking are convenient tools for helping you keep track of account activity.
UNEMPLOYMENT ASSISTANCE
Select your state in the dropdown field and click the Search button, then select the appropriate link for filing online, information on filing via telephone, or a link to more information
RETIREMENT SAVINGS ACCESS ASSISTANCE
STUDENT LOAN ASSISTANCE
The StudentAid.Gov website updates their website as new information comes in. 
SMALL BUSINESS ASSISTANCE
1st Community Credit Union is here for you. If you are experiencing hardship or if you anticipate challenges please reach out to 1st CCU directly by calling 888-706-1228 during business hours or to leave a message after business hours.