News & Announcements

Incoming Stimulus Payments

As promised, the government is providing stimulus checks to Americans in this time of financial uncertainty for many households. Please be aware that NO ONE from the government will be contacting you to gather information for your check, so do not give out your personal or banking information over the phone or online to anyone posing as such. Some scammers have already begun reaching out, claiming they need your information to be able to deposit money to your account. For taxpayers who filed returns in 2018 and 2019 and most seniors and retirees, your information is already on file with the government so you will receive your payment.

If you aren't sure if you're eligible for a stimulus check, or if the information on file from your last tax filing has changed, visit the IRS website directly and you can update any necessary information there. NOTE: The feature to update info will not be active until mid-April, so that specific link on the IRS site may be temporarily disabled depending on when you are reading this post.

If your tax return was filed jointly and the account information the IRS has on file is not for a joint account listing the same filers named on your tax return, your stimulus check will be rejected when it is submitted for deposit. This security feature, which matches the name(s) on an ACH deposit or payment to the name(s) on the account the deposit/payment is processing through, is an added layer of security. It ensures individuals not listed on an account do not gain access to it, protecting the account owner(s) from unauthorized account abuse/fraudulent activity.

If you need to add your spouse to your account to ensure your stimulus check can be deposited without issue, please contact ARC immediately at (814)946-0857, opt. 3 or at memberhelp@arcfcu.org. You and your spouse will need to complete an account change form to do this. We anticipate an increase in these types of requests in the coming weeks and strongly recommend taking action sooner rather than later.

In some cases, we are able to see a few days in advance if your deposit will be rejected due to these issues and we may call to alert you. If this happens, you may only have 1-2 days to make the necessary changes to your account so your deposit doesn't get returned. We will do what we can to help you avoid this happening, causing you to wait for a paper check to be issued, but strongly recommend that you visit the IRS website to verify any account information you have on file with the IRS is titled correctly to match your filing status, i.e. joint filers need a matching joint account. If you did not file jointly and someone else is on an account with you, your funds can still be deposited into that account.