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CARES Act Economic Impact Payments

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The IRS has begun the second round of Economic Impact Payments as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Most people will not need to do anything. Below is some important information about the Economic Impact Payments; however, for the latest and most up-to-date information, please visit

No need to call us to check your balance! You can easily set up a notification in digital banking to alert you when you receive a direct deposit. The IRS will also be setting up a page where you can check the status of your payment at

Mobile IRS Direct Deposit

The IRS has also begun mailing physical checks and debit cards. If you are receiving a check in the mail rather than direct deposit, consider depositing your check through digital banking for the fastest service, as our drive-thrus and any open branch lobbies may be experiencing higher volumes. If you do need to visit a drive-thru, please view these tips and tricks first to make your trip as efficient as possible.

Please note, according to the IRS website, if you receive an Economic Impact Payment Card, it will arrive in a plain envelope from "Money Network Cardholder Services." The Visa name will appear on the front of the Card; the back of the Card has the name of the issuing bank, MetaBank®, N.A. Information included with the Card will explain that the card is your Economic Impact Payment Card. Please go to for more information.

In addition, you can log in to digital banking to see if your direct deposit payment is pending or has posted to your account. Pending payments will show the date that the payment will be posted to your account (see example at right). View an example of what a pending IRS payment looks like in Online Banking.

Please note, the posting date is set by the US Treasury and CCU is unable to release stimulus payments before that date.

Who qualifies for a payment and how much will they receive?

  • Individuals earning under $75,000 would receive $600.
  • Couples earning under $150,000 would receive $1,200.
  • People who claim Head of Household on their taxes and earn under $112,500 would receive $600.
  • Families with children would receive $600 per child under 17 years old.
  • Payment for people who make more than the limits above decreases on a phased scale after that, zeroing out at $99,000 for individuals, $136,500 for Head of Household, and $198,000 for married couples.

How is my payment amount determined?

  • The IRS will use your adjusted gross income and the number of dependent children from your 2019 taxpayer forms to determine payment amount.

How will I receive my payment?

  • Most people will not need to do anything, the IRS will use the direct deposit information they have on file.
  • Others will receive a paper check or a debit card.

Watch for scams

  • The IRS will not call, text, email, or contact you on social media asking for personal or bank account information.
  • You cannot receive your payment any earlier by paying a fee.
  • Be wary of emails with attachments or links claiming to have special information about Economic Impact Payments or refunds.
  • Visit the Federal Trade Commission's website for more information on scams surrounding COVID-19.

After you receive your payment

Here are some tips adapted from the National Credit Union Foundation to help maintain your financial health during these difficult times.


  • Prioritize: Focus on the bills that keep a roof over your head, the lights on and food on the table. Check with your local jurisdiction as many utilities and communications providers are working with consumers to waive fees, keep the power on and your Internet connection working.
  • Talk: With us and any other lenders you may have. 
  • 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. America Saves has some resources and information to help with access to food and unemployment benefits. Don't keep a lot of cash on hand -- it's safest in your credit union account.
  • Protect: There are lots of bad guys out there trying to use this crisis to get at your stimulus check and your money. Watch out for suspicious emails, texts or phone calls.