Stimulus Checks - Information You Need

January 04, 2021

Important Message from the President/ CEO regarding Stimulus Checks

 

Dear Member,  

As you have heard, The U.S Department of the Treasury’s Bureau of Fiscal Service as authorized by the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 (“Act”), started printing and mailing Economic Impact Payments (EIP) checks on December 30, 2020.  The PAY DATE of these checks is January 6, 2021. This means the funds WILL NOT BE IN YOUR ACCOUNT UNTIL JANUARY 6, 2021.  Please refer to the latest information on Stimulus Checks can be found at IRS.gov/EIP.  

Has my check has been direct deposited into my account?  

Easiest and fastest way to see if your funds have been deposited is by checking your account Online either from our website or using mobile banking app from your phone.  You can log into Online Banking from our website www.worcestercu.com, use our Mobile Banking App that can be downloaded from your App Store.  Remember you can also set up account Alerts  through our Online or Mobile Banking platforms.  Secure Alerts lets you know the moment something important happens in your account by instantly sending a message via text, email, or to your Online Banking message center. Lastly,  later this week, you may check the status of your payment at IRS.gov/GetMyPayment.  

IRS Issued Checks/Debit Cards  

If you do not receive a direct deposit by early January, watch your mail for either a paper check or a debit card. The IRS started mailing paper checks on Wednesday, December 30.

Unfortunately, there is no way for Worcester CU to know how your check is being delivered to you.  It has been said that to expedite delivery of stimulus funds, a limited number of people will receive their second stimulus payment by debit card. Keep in mind, the form of payment for your second stimulus check may be different than your first payment. Some people who received a paper check last time might receive a debit card this time, and some people who received a debit card last time could receive a paper check.

The debit cards are being issued by MetaBank, and they will arrive in a white envelope that prominently displays the U.S. Treasury Department's seal. The Visa name will be on the front of the card, and it will say "MetaBank" on the back. More information about these cards is available at EIPcard.com.   

Fraud  

Unfortunately, there are individuals using COVID-19 to take advantage of others. Continue to be alert and do not fall prey to panic or intimidation to do anything that may compromise your personal information. For useful information regarding Coronavirus related scams, please visit the Federal Trade Commission, https://www.ftc.gov/. 

As always, Worcester CU is here to assist you in any way and hopefully this information is helpful to you.  We appreciate your membership and thank you for your continued business.  

Warm regards,  

Lisa A. Perrin 
President/ CEO 

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Worcester Credit Union is insured by both National Credit Union Administration (NCUA) and Massachusetts Credit Union Share Insurance Corporations (MSIC). The NCUA insures all deposits up to $250,000 per account owners. All deposits above the NCUA limits are fully insured by the MSIC.