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Youth & MoneyDecember 31, 2020
As part of the Coronavirus Response and Relief Supplemental Appropriations Act of 2021, a second round of Economic Impact Payments will be going out beginning December 30th, 2020.
The team at GLCU is working diligently to process these as soon as possible and there is no action required by GLCU members in order to receive this payment.
GLCU will receive deposits via ACH and will process these as they are received. Members may see a “pending” status for this deposit on the account. We anticipate most payments will be posted and funds will be available by the end of day Monday, January 4th, 2021.
Members who have not received a refund electronically, made a payment electronically, or set up their account online, will receive a paper check at a later date. GLCU cannot provide the schedule for these payments at this time.
Due to the increased volume of calls, we understand there may be longer than usual hold times for members calling into our call center. To check on the status of your ACH deposit, we recommend the following:
GLCU Mobile App:
In addition, payments can be tracked via the IRS website at https://www.irs.gov/coronavirus/economic-impact-payments.