For everyone's health and well-being, we recommend that you please wear a mask if you are NOT fully vaccinated.
We encourage all members to utilize Online and Mobile Banking to conduct many of the transactions that you typically visit the branch to conduct, including check deposits, loan payments, account transfers, and more! Click here for more information about Online and Mobile Banking.
Coronavirus Response and Relief Supplemental Appropriations Act
Century Federal Credit Union remains committed to helping members throughout this time of uncertainty and we want to continue to support your financial well-being. Congress has passed legislation to provide $1.9 trillion in much-needed relief to those who continue to struggle. This legislation includes a new round of stimulus checks that will be deposited into the account that the IRS has on file for you, beginning the second week of March.
The new round of stimulus checks will be in varying amounts based upon IRS criteria. Eligible individuals may begin to receive these stimulus payments as early as the second week of March 2021. Those who don’t receive direct deposits can expect to receive payment via paper check, delivered over several weeks beginning in March 2021.
If you have questions regarding your eligibility or the criteria for stimulus payments, please visit IRS.gov/coronavirus to learn more. Please note: the IRS site will be updated as new information becomes available; please check back periodically.
Century Federal is committed to helping you. We know that for so many of you, receiving this financial assistance is vital and we’re here to provide guidance and assistance. Here are some frequently asked questions to help:
Stimulus Check FAQ
Will I receive a stimulus payment?
Eligibility is different for everyone and is outlined by the IRS. Please visit the
IRS website to see if you are eligible to receive a payment. Please note: the IRS site will be updated as new information becomes available; please check back periodically.
I think I’m eligible. Now what happens?
If you’re eligible to receive a payment, it will either be received as a direct deposit right into the account you used when you filed your taxes, or you will receive a check by mail.
Direct deposits to eligible individuals may begin the second week of March 2021. It may take a few weeks for all of these stimulus payments to be sent by the IRS to financial institutions for deposit to the accounts for eligible recipients.
For those eligible recipients receiving payment by check, those are also expected to be delivered over several weeks beginning in March 2021. Remember you can make a safe and secure deposit through Mobile Banking by using the Century Federal Online Banking App! Click here to learn more.
How do I know it’s a direct deposit from the government?
When you’re looking at your transactions in Online Banking, the payment will appear as “IRS TREAS” followed by 3 numbers, and then “TAX REF”. These payments will look like the same type of transaction listing as a tax refund.
Will I be contacted directly by Century Federal or the IRS?
No. Be on the lookout for tax fraud and scams during this time. You will not be directly contacted by the IRS, or Century Federal, asking for your Social Security number, or any financial information like your bank account number or passwords, or credit card number. Also be vigilant and watch out for text messages, phone calls, websites and social media attempts that request money or personal information.
Where is my stimulus payment? Will I get a confirmation?
To check the status of your payment, go to irs.gov/coronavirus/get-my-payment. Please note: the IRS site will be updated as new information becomes available; please check back periodically.
For security reasons, the IRS will mail a letter about the payment to each recipient’s last known address within 15 days after the payment is made. The letter will provide information on how the payment was made and how to report any failure to receive the payment.
What if my stimulus payment is sent to a closed account?
For questions on Economic Impact Payments, the most recent information can be found at irs.gov. Please note: the IRS site will be updated as new information becomes available; please check back periodically. If an account is closed or no longer active when the direct deposit is received, the direct deposit will not go through, and instead, you will be issued a check that will be mailed to the address the IRS has on file for you. This is generally the address on your most recent tax return or as updated through the United States Postal Service (USPS).
For security reasons, the IRS will mail a letter about the payment to each recipient’s last known address within 15 days after the payment is made. The letter will provide information on how the payment was made and how to report any failure to receive the payment.
What do I do if my stimulus payment direct deposit is rejected?
A stimulus payment direct deposit will not go through if the person the IRS intends to pay is not an owner of the account or if the first and last names of the intended recipient provided by the IRS do not match the first and last names of an account owner.
Even if your tax refund went into your account successfully, a stimulus payment to the same account may not go through. Your tax refund may have been successfully processed because you consented to a direct deposit to a specific account in your tax filings (known in the banking business as “proactive consent”). No such documentation exists for stimulus payments, so we are required to be more rigorous in matching the names of account owners to the IRS’s intended payment recipient.
Next steps: If your stimulus payment direct deposit is rejected, the IRS will issue you a check that will be mailed to the address it has on file for you. This is generally the address on your most recent tax return or as updated through the United States Postal Service (USPS).
For security reasons, the IRS will mail a letter about the payment to each recipient’s last known address within 15 days after the payment is made. The letter will provide information on how the payment was made and how to report any failure to receive the payment.
For questions on stimulus payment, the most recent information can be found at irs.gov. Please note: the IRS site will be updated as new information becomes available; please check back periodically.
Be alert for Coronavirus stimulus check scams
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) was approved on Friday, March 27, 2021. Eligible American taxpayers will receive checks in the amount of $1,200.00 via mail or direct deposit from the Treasury Department through the IRS.
The IRS has stated that taxpayers will receive their one-time direct deposit payments within three weeks. However, the IRS and the Federal Bureau of Investigation (FBI) are warning that stimulus check scams and frauds are on the rise.
- Taxpayers do not need to sign up for anything to receive their stimulus check.
- The IRS does not make phone calls, contact the public via social media, or send texts and emails to confirm personal details.
Stay Alert!
As a Century Federal Credit Union member, if you or your family should receive an email, phone call or text message claiming to be from either the IRS or the Treasury Department stating they will process your Coronavirus stimulus check claim, but need some personal financial information from you first, or say that you need to pay a fee of any kind, including the purchase of gift cards, ignore the email/text message or hang up on the phone call immediately!
- The direct deposit or mailing of the stimulus check is automatic, meaning you do not have to do anything, provide any financial information or pay a fee in advance.
- The IRS is referring to the 2019 taxpayer returns for the information on where to make the direct deposit or mail the stimulus check. The IRS already has all of the information it needs.
- If you have not updated your direct deposit information on your last filed return, you may receive your stimulus check by U.S. Mail.
- If your stimulus check is coming by mail, please allow for a delay.
- If the IRS does need to get in touch with you, it will send a letter through the U.S. Mail
- In a few weeks, the IRS will be launching a dedicated online portal for stimulus checks. However, since the portal is not available yet, take caution and do not give out your personal and credit union account information to anyone.
Be aware of Coronavirus scams
Throughout these unprecedented times, please be aware that there will be criminals looking for ways to take advantage of our members, by offering you coronavirus “cures” or asking for your personal and confidential financial information.
- Fraudsters are pretending to be from reputable institutions such as the Center for Disease Control & Prevention (CDC) and World Health Organization (WHO), and even Century Federal, attempting to steal your personal and financial data
- Be suspicious of any email you receive claiming to have a cure or vaccine for Covid-19. Do NOT click on any link in any such email
- Be careful of any unsolicited emails or phone calls you may receive
Phone, Email and Text Communications from Century Federal Credit Union
Century Federal Credit Union does contact its members, if necessary to provide services, through legitimate calls, emails and texts.
However, please know that Century Federal Credit Union will never contact you to ask that you provide or verify any of the following information:
- Your full Social Security, account numbers or credit/debit card numbers
- Your Online Banking username and/or password
- Answers to your confidential security questions over the phone
- Activity in your checking, savings or loan accounts
If you receive an email, text message or phone call from anyone claiming to be from Century Federal that asks you for any of the above personal information, HANG UP, and call our Member Service Center immediately at 1-800-615-2328.
Please know that Century Federal is and will continue to be here to serve our members.
A Message from our CEO & President
Dear Valued Member,
As the novel coronavirus (COVID-19) begins to have an increased impact on our communities, we feel it's important to connect directly with you to share more about the steps we're taking across our business and branch locations to help keep you, our members, and our communities safe and healthy.
Our hearts go out to all those who have been affected. The health and safety of our members and employees has always been our top priority, and we will continue to monitor this rapidly evolving situation. Our branches are cleaned regularly as part of our normal course of business. Going forward, we will increase the frequency and extent of those cleanings, in addition to adding resources like hand sanitizer in our branch and office locations for both members and employees.
We have posted copies of the Ohio Department of Health Coronavirus Prevention chart in all branch locations, and continue to provide updated information company-wide to ensure that all Century Federal employees have what they need to stay healthy, and have been directed to stay home if they aren't feeling well. All of these practices and our business decisions are made with guidance from the CDC, WHO, and Ohio Department of Health, with additional direction from local, U.S. government and public health agencies. As a precaution, we encourage our members to please exercise good hygiene habits when utilizing any ATM or handling money.
Based on the information we have assembled from various health agencies, our own preparedness, and the current state of our operations, we are confident at this time that our branch locations will continue to conduct business in a safe and preventative manner.
Furthermore, after thoughtful consideration, we have made the decision to cancel this year’s in-person Annual Meeting, previously scheduled for March 26, 2020 at Acacia in Beachwood. We are, however, planning to hold a LIVE virtual meeting in its place where our members will be able to interact directly with myself, and a few of our board members from the comfort and safety of your home.
We understand that part of the excitement surrounding our Annual Meeting is the valuable giveaways that we provide to our valued members, and please know that these will still be available to members who choose to attend the virtual meeting. We will have more details on this, and how to access the live meeting in the days to come. Please stay tuned for more information!
To close, our hope is to make it easy for our members to conduct business with Century Federal Credit Union. As always, our Member Services Center is ready to assist with any questions or concerns that you may have. We also suggest that you conduct many of your daily banking transactions, such as checking your account balances, remotely deposit checks and authorize account transfers – all by utilizing Online Banking on your desktop computer or with the mobile banking app on your smartphone or tablet. You can also obtain additional information, such as ways to protect yourself from the virus, and limiting your exposure. Click here for helpful tips from the Ohio Department of Health.
Thank you for continuing to be a member of Century Federal Credit Union.
“Together, We’re a Better Way”
Sharon L. Churchill, President & CEO
Century Federal Credit Union