You will receive a 1099-INT tax form if you’re the primary account holder (Tax Reported Owner (TRO)) and earned $10 or more in combined interest across all your deposit accounts during the tax year. Currently, only primary account holders can access tax forms, while joint account holders do not have access and will not receive tax forms.

Members who received a payout from opening a checking account will also receive a 1099-INT showing the payout as “interest.”

For members earning less than $10 in deposit interest a 1099-INT tax form is not created.

1099-INT forms will be available in Digital Banking or sent by mail no later than Jan. 31st.

If you haven’t already, consider signing up for Digital Banking to access your Tax Documents as soon as they become available—and once they’re available, you can access them anytime.

According to IRS reporting rules, interest earned on a CD is reported in the year it is paid, even if it hasn’t matured. Interest is credited to your CD monthly, regardless of how you’ve chosen to receive disbursements. These monthly interest payments will appear on a 1099‑INT for the tax year they were credited.

Please note that IRA CDs do not receive a 1099-INT tax form.

Most tax forms will be available in Digital Banking or sent by mail no later than Jan. 31st. This includes the following forms:

• 1099-INT: You’ll receive a 1099-INT tax form if you’re the primary account holder and earned $10 or more in interest across all deposit accounts, including closed accounts, during the tax year. A 1099-INT will also be issued if there was backup withholding or an early CD withdrawal. Account bonuses may be reported on a 1099-INT or a separate 1099-MISC form.
• 1099-MISC: You’ll receive a 1099-MISC tax form if you’re the primary account holder and received at least $600 in miscellaneous income across all your deposit accounts, including closed accounts, during the tax year. This income can include bonuses, cash, or cash equivalents (such as gift cards).
• 1099-R: You’ll receive a 1099-R tax form if you took a distribution of $10 or more from an IRA Savings or IRA CD, or if your retirement account was escheated to the state during the tax year.
• 1099-Q: You’ll receive a 1099-Q tax form if you took a distribution from a Qualified Education Savings Plan (QESP), including a 529 Plan or Coverdell Education Savings Account (ESA), during the tax year. This form reports any distributions made for educational expenses.
• 1099-C: You’ll receive a 1099-C tax form for debt forgiveness if you are the primary borrower and have a loan, home equity, credit card account, or an overdrawn deposit account, and $600 or more of the principal balance is forgiven. If you are a co-borrower, you’ll receive a 1099-C form if $10,000 or more of the principal balance is forgiven.
• 1098: You’ll receive a 1098 tax form if you are the primary account holder on a Mortgage or Home Equity loan with your property listed as collateral and paid $600 or more in interest during the tax year.
• 5498 form for Individual Retirement Accounts (IRAs) is a dual purpose report that is mailed twice for different purposes.

1. Reports the Fair Market Value (FMV) of IRA is sent by Jan. 31st.
2. Report contributions to IRA will be available no later than May 31st.

If you haven’t already, consider signing up for Digital Banking to access your Tax Documents anytime once they are available.

If the total interest paid across all your accounts is $10 or more during the tax year, you’ll receive a 1099‑INT that combines the interest from all your deposit accounts. Additionally, a separate form will be issued for interest paid on other account types, such as a Deposit Escrow account.

Access your tax documents online: Log in > e-Documents > Tax Documents

Access your tax documents via our Mobile App: Log in > more > e-Documents > Tax Documents

If you haven’t already, consider signing up for Digital Banking to access your Tax Documents as soon as they become available—and once they’re available, you can access them anytime.

Interest paid on auto, boat, and RV loans is not tax-deductible, so we do not issue tax forms for these types of loans.

Duplicate copies are always available and easily accessible at your fingertips through Digital Banking.

To request a printed copy of your tax form, please contact us. Note that it may take 7‑10 business days for the form to arrive via first-class mail.