What is the Stimulus Program

The CARES act includes a Covid-19 relief program where the government will provide stimulus payments to eligible recipients. It’s also known as the coronavirus tax relief program.

Who qualifies for the stimulus program.

The government determines who qualifies for the stimulus payment.  Denali does not know the status of members qualifying for the program.  Please visit https://www.irs.gov/coronavirus-tax-relief-and-economic-impact-payments for more information. You can also check the status of stimulus payments at https://www.irs.gov/coronavirus/get-my-payment

MOBILE DEPOSIT IS AVAILABLE

For check deposits we encourage Members to use the Credit Union’s Mobile Deposit feature available in the Denali app. Using Mobile Deposit is safe and secure, best of all it saves you a visit to the branch and is a good social distancing tool. Remember to only visit a branch if you have essential business that cannot be conducted electronically. 


Economic Impact Payments will be posted to Members accounts per the deposit instructions received from the IRS.


FREQUENTLY ASKED QUESTIONS

Below is a list of specific questions and answers on the  government's COVID-19 relief program.

How do I get my stimulus payment?  +

If you are eligible for a stimulus check, you will receive it by either direct deposit or paper check.

If you have not filed a 2019 or 2018 tax return or have not given the IRS your direct deposit information in the last two years, you will receive a paper check in the mail from the US Treasury.

If you have filed a tax return or provided the IRS your direct deposit information.  You will receive a direct deposit into your account. Visit irs.gov/coronavirus for the latest information.

When will payments arrive?   +

According to the government, the second round of stimulus payments will arrive sometime between early to mid-January. It will show up in your account as IRS Treas 310- Tax Ref  

 

How can I deposit my paper check?  +

Checks can be deposited at ATMs, Mobile deposit or at a branch. Click here for branch and ATM locations. 

 

 

Should I call Denali?  +

Denali does not have any specific information on the status of individual payments from the government.  You can check the status of stimulus payments at https://www.irs.gov/coronavirus/get-my-payment