Dear Member-Owner,
We're here to help you navigate your finances during the COVID-19 pandemic. Nothing is more important than your health, safety and financial security. The following is the updated information we received concerning the Coronavirus Aid, Relief and Economic Security Act, commonly referred to as the CARES Act.
What is the CARES Act?
Congress approved, and the President signed into law, the CARES Act which will provide eligible taxpayers who filed a tax return for either 2019 or 2018 to receive a payment of up to $1,200 (individuals) or $2,400 (married couples). Parents will also receive $500 for each qualifying child.
How will I receive my
CARES Economic Relief Payment
?
Your payment will be deposited directly into the same account you used for your 2019 tax refund. If you have not yet filed your 2019 tax return, the account you used for your 2018 tax refund will be used. If you received your 2019 or 2018 tax refund via check in the mail, the IRS will mail the stimulus check to the physical address on file. You can easily deposit your funds into your Midland Credit Union account using:
When will I receive my
CARES Economic Relief Payment
?
Payments are being distributed by the IRS starting in late April. The payments will not all be made at the same time, so if someone you know receive theirs but you haven't, it is not a cause for concern.
You can find more information on the
CARES Economic Relief Payments at
IRS.gov.
Sincerely,
Midland Credit Union Staff
