COVID-19: Updates on our response, hours and assistance: Get the Details.


COVID-19 Update: CARES Act

In response to the outbreak and related financial impact, the $2 trillion Coronavirus Aid, Relief & Economic Securities Act (CARES ACT) was signed into law on Friday, March 27, 2020. The goal of this act is to provide financial relief for individuals, families and small businesses from the effects of the economic slowdown. 

We’ll address your frequently asked questions below, targeting the benefits potentially most relevant to you. We encourage you to consult our teammates with questions specific to your situation. While we'll focus mostly on individual and family information below, we've also created dedicated pages covering CARES Act's opportunities for small businesses and investments.

Check On Your Stimulus Check

The IRS website allows you to check on the status of your stimulus check, otherwise called Economic Impact Payment. It will give you information about your payment status, payment type and if they need more information from you including bank account information.

Check My Payment Status >

NEW: When will I receive my stimulus check in my account?

The IRS has started to send stimulus checks to many Americans. You may see the deposit in your account as “pending”, which means the funds will be available to you within 24-72 hours. The quickest way to see if you have received the funds is to log into Online Banking or our Mobile App.

Will I receive a stimulus check?

Tax filers with adjusted gross income up to $75,000 for individuals and up to $150,000 for married couples filing joint returns will receive the full payment. 

For filers with income above those amounts, the payment amount is reduced by $5 for each $100 above the $75,000/$150,000 thresholds. Single filers with income exceeding $99,000 and $198,000 for joint filers with no children are not eligible.

How much will I receive?

Your payment will be based on your most recently filed tax return. So, if you've already filed for this year, it will be based on your 2019 return. If you haven't, don't worry because the deadline has been extended, and your payment will be based on your 2018 return. 

Eligible taxpayers will automatically receive a payment of up to $1,200 for individuals or $2,400 for married couples. Families can also receive an additional $500 for each qualifying child, up to 3 children, for a total family benefit of up to $3,900.

There are a number of other details to be considered including eligibility for individuals receiving Supplemental Security Income (SSI) and Social Security Disability Income (SSDI. For more information, feel free to reach out to our Special Needs Planning Center.

The IRS continues to provide updates as they develop here.

How will I receive my funds?

The vast majority of people do not need to take any action. The IRS will calculate and automatically send economic impact payments to those who are eligible. The payment will be direct deposited into the same bank account reflected on your most recently filed tax return.

If you don't think the IRS has your direct deposit information, don't worry. In the coming weeks, Treasury plans to develop a web-based portal for individuals to provide their bank information to the IRS online, so individuals can receive payments immediately as opposed to waiting for checks in the mail.

The full details regarding how you will receive the stimulus funds are available on the IRS website in the news release titled IR 2020-61.

CommunityAmerica members can deposit funds in the following ways:

Where can I find my account information for setting up direct deposit?

Your full account number is listed within Online Banking, under Account Requests. Our routing number is 301081508.

Will there be changes to unemployment benefits?

For those filing for or currently receiving unemployment benefits there are a number of potential changes. Highlights include up to $600 per week of additional unemployment benefits. Plus, these benefits are now being provided during the first week of unemployment, as opposed to the typical one week delay. Benefits are also temporarily being extended by a full quarter (13 weeks).

For more information, contact your state unemployment office directly or visit the Department of Labor website.

If you are a CommunityAmerica member who is facing financial hardship due to the impact of the COVID-19 pandemic, please call us at 913.905.7000 and we'd be happy to take a look at how we can help.

What if I'm unable to pay my student loans?

The act defers all payments due on certain qualifying federal student loans for 6 months, until September 30, 2020. This would include non-defaulted Direct Loans and Federal Family Education Loans (FFEL). Interest on these loans is to be reset to 0% for this time period. Learn more about who is eligible, how payments will be affected and how to suspend future payments here.

Contact Us

We understand that you may have further questions concerning all of this and how it might affect you and your family. Our Call Center is fully staffed and here to help at 913.905.7000 or toll-free at 844.431.1976.

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