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The Internal Revenue Service today urged people to visit IRS.gov for the most current information on the second round of Economic Impact Payments rather than calling the agency or their financial institutions or tax software providers. IRS phone assistors do not have additional information beyond what’s available on IRS.gov.

Payment Status HERE: IRS.gov/GetMyPayment

The IRS and the Treasury Department began issuing a second round of Economic Impact Payments, often referred to as stimulus payments, last week. 

The direct deposit payments may take several days to post to individual accounts. Some Americans may have seen the direct deposit payments as pending or as provisional payments in their accounts before the scheduled payment date of January 4, 2021, which is the official date funds are available.

Paper checks also began going out and will continue to be sent through January. Some people will be mailed debit cards in January, and the IRS urges people to carefully check their mail. Mailed payments will require more processing and mailing time. Those who reside abroad will have longer wait times for checks as disruptions to air travel and mail delivery in some countries will slow delivery.

The IRS emphasizes that there is no action required by eligible individuals to receive this second payment. The payments are automatic, and people should not contact their financial institutions or the IRS with payment timing questions.

  • Compass Scholarships

    Compass Federal Credit Union is again eager to give back to the community by way of scholarships, with $14,000 set to be distributed to help support members’ higher education.

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  • Visit IRS.gov for EIP Status

    The Internal Revenue Service today urged people to visit IRS.gov for the most current information on the second round of Economic Impact Payments rather than calling the agency or their financial institutions or tax software providers. IRS phone assistors do not have additional information beyond what’s available on IRS.gov.Read more ...
  • Extra .25% APR in January

    It's finally 2021 - and we all deserve a little extra!

    Now through January 31, members will earn an extra .25% APY on the accounts below:

    Read more ...
  • 5.9% Balance Transfer

    Now through March 31, Compass Federal Credit Union is offering a credit card balance transfer with NO transfer free.  Transfer your current credit card balance to a Compass Federal Credit Union credit card and get a 5.9% APR rate until the entire balance is gone.Read more ...
  • Bank at School 2020-2021

    OSWEGO, NY (November 3, 2020) – Due to ongoing social distancing regulations in regards to the COVID-19 pandemic, Compass Federal Credit Union will not be visiting Oswego City School District schools in 2020-2021 as part of its Bank at School program. However, Compass FCU has developed a modified version of the program which will allow students to still take part in this real-world banking experience.Read more ...
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