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General Electric Credit Union

Tax Documents and Statements

Statements

Depending on your relationship and the accounts you have with GECU, you will receive year-end statements by mail or through Online Banking and our mobile app.

  • If you have a deposit account or mortgage loan with us and you are an Online Banking user, you can log-in to Online Banking and click on the eStatements tab to locate your year-end statement.
  • If you have a deposit account or a mortgage loan with us and do not use Online Banking, your paper statement(s) would have been mailed the first week of January.

Tax Documents

Below is a list of the 2020 tax documents you may receive based on the accounts you hold with us.

  • 1098: Mortgage Interest Statement (used for mortgage loan interest) - Mailed by January 31, 2021, however if your interest amount is less than $600 you may not receive a statement
  • 1099-INT: Interest income (used for deposit accounts, bond records, and escrow accounts) - Mailed by January 31, 2021, however if your interest amount is less than $10 you may not receive a statement
  • 1099-R: Distributions from pensions, annuities, retirement, or profit-sharing plans, Individual Retirement Accounts (IRAs), insurance contracts, etc. - Mailed by January 31, 2021
  • 1099-SA: Distributions from a Health Savings Account (HSA) - Mailed by January 31, 2021
  • 1099-Q: Payments from qualified education program - under Section 529 and 530 (used for Coverdell Education IRA distributions and Fair Market Balance) - Mailed by January 31, 2021
  • 5498: IRA contribution information - Mailed May 31, 2021
  • 5498-ESA: HSA contribution information - Mailed May 31, 2021
  • 5498-SA: HSA contribution information - Mailed May 31, 2021

If you are expecting a tax documents or statements from GECU and do not receive it, please contact us.

 


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