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Economic Impact Payment (Stimulus Checks) Information

Economic Impact Payment (Stimulus Checks) Information

Economic Impact Payment (Stimulus Checks) Information

Economic Impact Payment (Stimulus Checks) Information

May 5, 2020

Have questions about the Economic Impact Payment (Stimulus Checks)? As we continue to provide updates to our members, Cornerstone recommends you visit irs.gov for current valuable information; details may change at any time. Answers to some of your most common questions, along with other resources, are here:
 
Q. When can I expect my Economic Impact Payment (Stimulus Check)?
A. We are unable to specify exactly when members can expect their Economic Impact Payment as they are being sent periodically by the IRS. Payments will post as early as April 13. The IRS has launched a “Get My Payment” link so you can check your payment status and payment method. You will be able to find that link from their website page. Cornerstone intends to post these payments as soon as we receive them. 
 
Q. I want to get my check deposited directly, but I didn't include direct deposit information on my 2018 or 2019 tax return. What can I do?
A. According to the irs.gov site link, you can include your Cornerstone Credit Union information (below) to have the check direct deposited instead of waiting for a mailed check.
  • Cornerstone Credit Union’s Routing Number: 271184425
  • Account Number: If you are unsure of your Account Number, you may call us at 815.235.5855 or 800.711.3277. Please use your complete ten-digit number.
Please be advised we are experiencing higher than usual call volume and internet traffic due to our current lobby closures and because of questions regarding the Economic Impact Payment (Stimulus Checks).

Below are helpful tips on how you might best use your stimulus funds, provided by the National Credit Union Foundation:


Here is another resource site from the State of Illinois which may help answer other questions about the Economic Assistance Payment: https://www2.illinois.gov/sites/coronavirus/Resources/Pages/EconomicAssistance.aspx
 
 
Cornerstone Credit Union
1-800-711-3277  •  Routing: 271184425  •  NMLS #743907
 

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Your deposits are federally insured up to $250,000 by the National Credit Union Administration (NCUA), with an added safety net of private insurance (Excess Share Insurance/ESI) for an additional $250,000. This is the highest combination of federal and private insurance available to consumers.