Stimulus Checks

Economic Stimulus Checks

On March 6, the Senate passed the $1.9 trillion American Rescue Plan. The coronavirus relief bill now goes back to the House of Representatives, which must approve the Senate’s changes, before the president can sign it into law. The bill promises further financial relief and assistance to millions of Americans who may still be struggling with the financial devastation of COVID-19.

Stimulus payments

The third round of stimulus checks are set at $1,400 for all eligible recipients. Here’s who is getting checks:

  • Single taxpayers with an adjusted gross income (AGI) of $75,000 or below.
  • Taxpayers filing as heads of household with AGIs of $112,500 or below.
  • Married couples filing jointly with AGIs of $150,000 or below.

As during the last two rounds of stimulus payments, information on the status of individual checks can be found through the IRS’s Get My Payment tool.

Also like the prior rounds, payments issued through direct deposit will be distributed first. You can still share your account information with the IRS here.

 

 

Fraud to look out for

In the News- Fraud and Scams

The Colorado Department of Labor has reported that unemployment fraud is on the rise. If you or someone you know has been a victim of unemployment fraud, here are some steps to take:

  1. Notify all three major credit bureaus and request a “fraud alert” on your name and social security number
    TransUnion.com/fraud 800-680-7289
    Experian.com/fraudalert 888-397-3742
    Equifax.com/CreditReportAssistance 888-766-0008
  2. Notify your financial institution
  3. Visit IdentityTheft.gov to report identity theft to the FTC or call 1-877-438-4338
  4. File a police report
  5. Notify the IRS fraud hotline 1-800-908-4490
  6. Report the fraud to Colorado Department of Labor and Employment
  7. Create a file to keep all your records of fraud

More Tips to Avoid Identity Theft

Youth Saver CD’s

Certificates of Deposit (CD) are a type of investment account that typically yields more interest than that of a money market or savings account. A CD account is created with a maturity date, which means you cannot withdraw money from the account until it reaches full maturity. If you do need to withdraw the money before the maturity date, you will have to pay a penalty fee.

Key Benefits of Certificate of Deposit Accounts

  • offer several benefits to managing your savings and investments
  • give you a chance to earn higher interest than a regular savings
  • are protected by the NCUA
  • earn you money quickly through compounded interest. This means you will continue to earn money on the principal plus interest throughout the growth period.

About PGAFCU Certificates of Deposit

  • Must be a member of PGAFCU
  • Minimum balance to open a CD is $1,000.00
  • Cannot add to a CD until it reaches the maturity date.
  • Notices of certificate renewal are mailed before the certificate matures. Once the CD is mature, you have a 10 day grace period to make changes before it is set for another term.

See Rates

*Dividends accrued daily and paid quarterly. Additional deposits not allowed except at maturity. All certificates automatically renew unless specified otherwise.

IRA Certificates of Deposit

Certificates of Deposit (CD) earn higher interest than IRA Club Accounts.

  • Must be a member of PGAFCU
  • Minimum balance to open a CD is $1,000.00
  • Cannot add to a CD until it reaches the maturity date.
  • Notices of certificate renewal are mailed before the certificate matures. Once the CD is mature, you have a 10 day grace period to make changes before it is set for another term.

See Rates
*Dividends accrued daily and paid quarterly. Additional deposits not allowed except at maturity. All certificates automatically renew unless specified otherwise.

Certificates of Deposit (CD’s)

Certificates of Deposit (CD) are a type of investment account that typically yields more interest than that of a money market or savings account. A CD account is created with a maturity date, which means you cannot withdraw money from the account until it reaches full maturity. If you do need to withdraw the money before the maturity date, you will have to pay a penalty fee.

Key Benefits of Certificate of Deposit Accounts

  • offer several benefits to managing your savings and investments
  • give you a chance to earn higher interest than a regular savings
  • are protected by the NCUA
  • earn you money quickly through compounded interest. This means you will continue to earn money on the principal plus interest throughout the growth period.

About PGAFCU Certificates of Deposit

  • Must be a member of PGAFCU
  • Minimum balance to open a CD is $1,000.00
  • Cannot add to a CD until it reaches the maturity date.
  • Notices of certificate renewal are mailed before the certificate matures. Once the CD is mature, you have a 10 day grace period to make changes before it is set for another term.

See Rates
*Dividends accrued daily and paid quarterly. Additional deposits not allowed except at maturity. All certificates automatically renew unless specified otherwise.

Our response to COVID-19

UPDATE Effective February 1, 2021
UPDATE: Effective February 1, 2021
Our Pueblo lobby is open to members at a limited capacity. Before entering the lobby, we may ask you to briefly remove your mask for identification. We ask that you do not come inside if you are experiencing COVID-19 symptoms. Our drive-up is available as well as our online and phone services.
New Accounts/Loans are available by appointment.
We appreciate your patience as we continue to work through this together!

Thank you for your understanding, and be safe and healthy.

Update Effective May 11, 2020
PGAFCU will re-open our lobbies to members, however, we will have a limited capacity. We will do so in adherence to guidance set forth by our health experts and the Centers for Disease Control and Prevention. We want to proceed with caution, so we ask that you continue to practice safe and healthy illness prevention methods inside our facilities moving forward.
To help with social distancing, we encourage members to continue to use the drive-up and online services as much as possible.
As a safety precaution, we have installed some new security measures upon entering the lobby. Thank you to all our members for your patience and understanding these past couple of months and we hope that you continue to be patient as we work through this together.
We appreciate you all and want everyone to stay safe and healthy!

3/16/2020 Original Notice
Dear Members,
I want to take the opportunity to update you on the measures we are taking as we continue to navigate the evolving COVID-19 situation.
PGAFCU is here to serve you and will remain open, functional and supportive to you, our most valuable members. You have come to rely on us in the past, and we will continue to be a source of strength in this time of crisis.
We understand the integral role we play in trying times and we are continuing to take proactive measures to safeguard the health of our employees and our members that we serve.
In an effort to maintain a safe environment, we’ve implemented a number of social measures which include:
– Postponing the Annual Meeting which was scheduled for March 21st, we will give complete details at a later notice.

– Promoting our digital banking solutions as alternatives. (Online Banking and Bill Pay, Online Loan Application, Mobile App, Snap Mobile Deposit, ATMs, Phone Teller 1-877-474-2328.) Please call us if you need assistance with any of these services or something else not listed here.)

– We are a member of the CO-OP Network which allows you to use over 22,000 ATMs with your debit cards.
– Closing our lobby and operating through our drive-up in Pueblo. Please call the credit union for loan closings and other account needs.
– Please call our Florence Branch for instructions.
Thank you.
Sincerely,
Susan Mckay, CEO and
Pueblo Government Agencies FCU Board of Directors

Mobile Banking App

Banking Anywhere, Anytime!

We are excited to announce our newest location! Here’s a hint… it’s probably in your hand! It’s your smartphone!

With our PGAFCU Mobile Banking App, you’re able to take PGAFCU with you anywhere you go. Our goal is to save you time and make banking easier!

  • Quick, Secure Login via password, fingerprint or facial recognition
  • View Transactions
  • Make Transfers
  • Bill Pay
  • NOW AVAILABLE- Deposit Checks!

*Must have access to online banking. First, you will need to login to your online banking and complete the Mobile Setup, then download the app from your iTunes or Google Play App Stores.

Deposit a check in a snap of a button! Read More