As part of the CARES Act (Coronavirus Aid, Relief and Economic Stimulus), the US Government will be issuing millions of Americans economic stimulus payments beginning April 15, 2020.
Mid-Illini Credit Union has no information regarding any member's eligibility or payment status.
Below are some resources that will help you determine your eligibility, the amount of money you can expect and how and when you are likely to receive it.
WILL I RECEIVE A PAYMENT?
Eligibility is determined by your IRS income tax status and is based on your 2019 income tax status, if you have filed. If you have not filed your 2019 income taxes, eligibility will be determined by your 2018 income tax status.
You are likely to receive an economic stimulus payment if:
- your IRS income tax filing status is single or married and filing separately, and you earned less than $99,000.
- your IRS income tax filing status is head of household and you earned less than $136,500.
- your IRS income filing status is married and filing jointly and your combined income is less than $198,000.
- your income is above $75,000 as an individual or above $150,000 as a joint filer, your payment is reduced by $5 for each $100; or
- you don't typically file taxes and receive Social Security Benefits from the Social Security Administration or Social Security Equivalent Benefits from the US Railroad Retirement Board.
The information provided here does not guarantee your eligibility.
HOW MUCH WILL I RECEIVE?
Mid-Illini Credit Union has no information regarding the amount of your payment.
To determine the likely amount of your Economic Stimulus Payment, please check our Stimulus Check Calculator here.
WILL I RECEIVE A CHECK OR DIRECT DEPOSIT? TO WHAT ACCOUNT WILL MY PAYMENT BE SENT?
The IRS will deposit your stimulus payment into the account you designated to receive your most recent tax refund - 2019 or 2018. Please consult your tax return to determine where your payment will be sent. If you have received your most recent refund by check, the IRS will issue you a check and mail it to the address on that return.
For information on direct deposits and stimulus checks or to change your direct deposit information or mailing address, please click here.
Mid-Illini Credit Union's Routing number is 271176103.
You can find your account number through your online or mobile banking page or at the bottom of your checks.
WHEN WILL I RECEIVE PAYMENT?
The US Government will begin direct depositing payment as of April 15, 2020. Not everyone who is eligible for payment will receive their payment on this date.
Information regarding the status of your payment and whether more information may be required in order to issue your payment is ONLY available through the IRS.
To check the status of your payment, please click here.
BEWARE OF SCAMS!
The IRS warns consumers there is a strong likelihood of the Economic Stimulus Payment Program precipitating new scams designed to take advantage of consumers by gaining access to their accounts and payments.
Please remember that the IRS will never contact you by email, text or social media requesting personal or financial information.
For tips on recognizing the telltale signs of scams and for help educating others - particularly those more vulnerable to cons and fraud - please click here.
Please call law enforcement immediately if you believe there has been an attempt to scam you.
If you have questions or concerns, please call us at 309.661.1166 during business hours.