450
Leave a Reply

avatar
 

  Subscribe  
newest oldest most voted
Notify of
tribesman55
tribesman55

They sent out 1099’s for this one.

AllenW
AllenW

Did you receive it yet? I haven’t

Baked
Baked

AllenW log into your account, it’s under “…more”, then “edocs”, then click through

AllenW
AllenW

account is closed… i called and got the tax id and apparently they tax the $1 for when you close for the member share.

HoKo
HoKo

Did they say anything about why they didn’t mail 1099’s to us? I haven’t received one yet either…

SDubbs
SDubbs

HoKo I received my 1099 on 2/1.

HoKo
HoKo

Could you please post the “Payer Name” and “Payer TIN” from the 1099 they sent you. Thanks!

Ben
Ben

HoKo
Payer: Northwest Federal Credit Union
Payer’s TIN: 53-0216888

HoKo
HoKo

Thanks!

Jatan
Jatan

Form 1099-INT

TIN: 53-0216888

Amount Box 1: $301.00

NORTHWEST FEDERAL CREDIT UNION
200 SPRING ST
HERNDON, VA 20170

HoKo
HoKo

Thanks!

adrift
adrift

My 2020 financial review inspired this belated Data Point.

Background:
In 10/2015, NWFCU offered some exceptional CD’s. I recall that joining was a PIA and my records show that I had to pay $10 to some charity that was probably deserving. Subsequently, I bought a couple of competitive CDs. The last of these matured in late 2019. Instead of closing the account, I left exactly $1 in the share savings account.

Because of this, I didn’t have to jump through any hoops to join NWFCU. In addition the $300 signup bonus, I was attracted by the “box” of checks they touted. While I rarely write checks, I’d just gone through dealing with 3 tradesman contracts in which multiple checks were de rigueur. Now that, checks are not in demand, checks cost more.

07/10/2020 – applying on line didn’t work So, I did so over the phone.
07/15/2020 – ALLY NWFCU handshake
07/22/2020 – ALLY -> NWFCU ACH $500 push
08/05/2020 – ALLY -> NWFCU ACH $500 push
08/19/2020 – ALLY -> NWFCU ACH $500 push
10/09/2020 – $300 bonus

Soon after my initial deposit to NWFCU, I set up online payments to one of my credit cards. I’ve been draining the account organically via this credit card and writing checks. A “box” of checks is 100. I’ve since written 2.

James
James

I ended up keeping the NWFCU account open and use it as a hub. Very nice group of people.

Eric
Eric

I still have my account open and was thinking of closing it soon. What are the benefits that make it a good hub account?

Gadget - Bank Bonus Geek

Not OP, but I held onto mine since 2014, for a bonus. Part of the CU alliance, so you have teller service at nearly any CU.

Unlimited number of ACH-linked accounts… but relatively low monthly threshold for big wheelers & dealers ($10K IIRC/mo). Makes a good clean-up account for other bank accounts. Ability to do automated transfers of only $1 is sort of rare too. Many banks are $10 min.

However, I missed out on this $300 bonus because I kept my account…. so, there is that. Think I snagged $150 in 2014. To each their own.

SDubbs
SDubbs

I initially didn’t get the bonus as they said I never enrolled in eStatements though I was fairly confident I had signed up for it. Asked them to reconsider it and a supervisor approved it.

tikachu
tikachu

7/1 – account opened, paid $10 to Appalachian Trail Conservancy, $530 on WF that coded as purchase
8/31 – real dds complete
10/2 – bonus posted

Jatan
Jatan

7/14 Applied online before deadline (out of state in Illinois)
7/17 Account approved after deadline
8/17 $501 push from WF personal checking (WELLS FARGO IFI TYPE: DDA TO DDA)
8/19 $501 push from WF personal checking (WELLS FARGO IFI TYPE: DDA TO DDA)
8/20 $501 push from WF personal checking (WELLS FARGO IFI TYPE: DDA TO DDA)
11/3 $300 bonus posted without contacting them

Roberto Irizarry
Roberto Irizarry

Is the log-in requirement, calendar month or within a month? I opened by account on 07/22 but im afraid I didn’t log-in until 8/01.

Bertrand
Bertrand

Has anyone who applied for an account prior to the 7/15 expiration but who was approved/had account opened after received a bonus? I applied 7/11, was approved 7/20, but 99 days later still haven’t received the bonus. There is a post from someone a couple of weeks ago who was in a similar spot – applied before 7/15, approved after – and they said that they were told by a rep that they were still eligible for the bonus. But would be nice to have that confirmed with a DP. In any case, I’ll probably reach out to them sometime this week to inquire (I used real DDs to meet the DD requirement).

Brian
Brian

Same situation here. Applied 7/13 or 7/14, approved 7/16. Used real DDs and no sight of the bonus.

When I was approved on 7/16, they even sent a confirmation of the bonus details in the chat that was in the document upload site, so I assumed I was all set. Hopefully it’s just delayed for those of us that got approved after 7/15. I’ll be patient for now since they are still within their 45 day payout deadline.

Bertrand
Bertrand

Called to inquire about my bonus last week. A ticket was opened and today the bonus was deposited into my account.

Orin
Orin

I did serve and discover and mine posted 13 oct

Lisa M Kulpa

what did it code as? I am testing out PayPal and it says “Paypal transfer” but the type is ‘credit’

Bertrand
Bertrand

It’s been over 90 days for me since my account was opened and no bonus. Not panicking yet based on Maverick’s DP below. It could be that they’re just taking a little more time to post it than they used to.