Getting a refund?
Make sure you've selected the correct account and routing number for your account!
What to expect
In addition to receiving printed versions of your tax forms, you’ll also receive electronic copies (to view your electronic tax forms, log in to online banking and click the “eStatements” tab). Electronic versions will be uploaded as they are mailed and so will be available shortly before the physical copies arrive.
If a tax form needs to be updated, a new form will be mailed to you (in these cases, please use the paper form to prepare your filing).
|Mailed and Posted to eStatements Site By||Form Number and Description|
|01/31||1099-Int – This form reports dividends earned in excess of $10.00 (accounts that have earned less than $10.00 are not reported).|
|01/31||1099-R – This form reports any money withdrawn from an IRA account (distributions).|
|01/31||1099-SA – This form reports any money withdrawn from an HSA account (distributions).|
|01/31||1098 – This form reports the interest paid on mortgage and home equity loans (only sent for interest over $600).|
|05/31||5498 – This form reports any money deposited into an IRA account (contributions).|
|05/31||5498-SA – This form reports any money deposited into an HSA account (contributions).|
Additional information on reporting loans
On your year-end statement, there is a year-to-date (YTD) amount listed under each loan. In order to verify the number reported on one of these tax forms, simply add up all qualifying loan amounts. If you paid off a loan throughout the course of the year, you will find this information on the monthly statement of that particular month. Your sum will match the amount reported.
For those enrolled in online banking, click the “+” sign by the loan and select “get account details.” You’ll see the interest paid during the previous year reported here.
Verifying account information
When setting up a SELCO direct deposit for your refund, verify that you've included SELCO's routing number and your full 14-digit account number. You can find your account information in a few places.
- On a check, your account number is the 14-digit number in the lower-middle portion:
- In online banking, log in and click the green “Routing & Acct Numbers” button in the “Balances” window to view your full 14-digit account number(s) and routing number. Note, you’ll need to answer a security challenge before the information will appear.
- In mobile banking, select “Routing & Acct Number” from the Main Menu to view your full 14-digit account number(s) and routing number. Note, you’ll need to answer a security challenge before the information will appear.
You can also find the routing number (which is the same for every SELCO member) at the bottom of every selco.org page. Also, remember that each account has a unique 14-digit account number!
Please note that SELCO Community Credit Union does not provide tax advisory services. Visit irs.gov for assistance with tax-related questions.