Economic Impact Payments
Get Your Economic Impact Stimulus Payment
On Friday, March 12, 2021, Congress passed the American Rescue Plan, which includes a third stimulus payment to eligible recipients. LVCU is here to make sure you are able to access funds from your payment as quickly and smoothly as possible. Members who are eligible to receive direct deposit of their stimulus payment may expect it as soon as March 17, 2021.
Not sure if your payment has been issued yet? You can use the IRS’s Get My Payment tool to check the status of your payment.
Receiving Your Payment by Direct Deposit
If the IRS has information about your Lower Valley Credit Union account, then the IRS will deposit the payment directly into the account. The IRS could have that information from your 2019 or 2020 tax return and/or the account number used in the previous stimulus payment program.
You can check your account using online, mobile, or audio banking to see whether the deposit has been made. The payment will appear in your account summary as “IRS TREAS 310 XXTAXEIP3” or something similar.
If the IRS sends your payment via direct deposit, then you do not need to do anything. You can use the IRS’s Get My Payment tool to check the status of your payment.
Depositing a Physical Stimulus Check
To deposit your check in person at a branch:
- Branch lobby access is currently limited and some branches are open by appointment only. You do not need an appointment to deposit your check in the drive-through. Check here to see branch hours or to make an appointment.
- Bring your check and a government-issued photo ID.
- Please note that joint payee checks must be endorsed (signed) by both payees and deposited into a joint account owned by the payees.