Member Tax Statements

$500.00 ^{/ yearly}

With our online tax forms offering your members’ tax forms will be made available to them right from within It’s Me 247 Online Banking alongside their account statements so they no longer need to contact you for a lost or misplaced form. In addition, we’ll make them available to your staff from within CU*BASE. This service is available to any credit union using CU*Spy for member eStatements and CUs with release managed in-house vaults.

What You Get

We will load your members’ tax forms in CU*Spy so they are viewable to members via online banking (excluding forms 1099-MISC & 1042-S).
We will also load them in your in-house vault if you are release managed.
We will retain them online for 3 years.
You can still get disks of your tax forms for longer term storage if desired (fees apply).

FAQ

Who can sign up?
This is available to anyone utilizing CU*Spy for hosting their member statements or anyone who hosts their own statements also leveraging CU*Answers Imaging Solutions’ release management service.

When will tax forms be placed online?
When forms are available to send to the print vendors, they will also be placed online. This happens in late January except for 5498s, which are placed online at a later date. 1099-MISC forms will not be available online.

How long will you retain the forms online for members?
The forms will be accessible to staff and members for three years.

What forms are made available online?
The following forms will be available to view:

1098
1098-E
1099-A
1099-C
1099-INT
1099-Q
1099-R
1099-SA
5498
5498-ESA
5498-SA

NOTE: 1099-MISC, 1099-NEC and 1042-S forms will not be available online. It is not possible to display only select types of tax statements or to shut off tax statements for individual members. When turning on tax forms it will be all tax forms listed for all members.

What does this service cost?
The price is $500 per year and is billed annually until your credit union elects to discontinue the service.