Tax season is here! Read more to learn about the process, how to access your form(s), and how to save on tax preparation.
Please Note: Chevron Federal Credit Union is the parent organization of Spectrum Credit Union. Tax return documents for Spectrum Credit Union accounts are issued by Chevron Federal Credit Union.
Q. Will I receive my tax form(s) in the mail or via Digital Banking?
A. All tax forms will be posted electronically in Digital Banking (via computer access and the Mobile Banking app).
Printed tax forms will only be mailed to members who select Paper for Tax Statements Delivery Method in Digital Banking.
Q. How do I view and/or change my selection for Tax Statement delivery?
A. In Online Banking, click View eStatements in the Quick Links box. In the Mobile Banking app, tap the menu icon in the top right corner and scroll down to eStatements under Finance Management. Select Enrollment to view and/or change your Delivery Method.
(If you have not signed up for eStatements before, you will need to accept an electronic disclosure.)
If you have not yet enrolled in Digital Banking, please set up a User ID and password by selecting Enroll Now on the Online Banking or Mobile Banking Login/Enroll screen.
Q. Where do I find my eTax form(s) in Digital Banking?
A. In Online Banking, click View eStatements in the Quick Links box. In the Mobile Banking app, tap the menu icon in the top right corner and scroll down to eStatements under Finance Management.
Tax statements are available under the Documents tab.
Q. Are there any steps I need to take prior to tax form distribution?
A. Please confirm that your mailing and email addresses are up to date. You can review them in Digital Banking by navigating to Personal Information/Address Change and selecting Update Contact Information.
Q. When will I receive my tax form(s)?
A. Credit Union tax forms will be posted in Digital Banking and mailed by January 31.
Q. How do you determine if a tax form needs to be issued?
A. 1099-INT and 1098 forms are issued based on guidelines established by the IRS. (For example: If the dividends received on all your accounts combine to equal at least $10, you will receive a 1099-INT form.)
Q. Why did I receive information about interest paid on my auto loan?
A. A 2025 federal tax law introduced a temporary deduction for interest paid on qualified personal vehicle loans. Please consult with your tax professional or the IRS to find out if your personal vehicle qualifies.
Q. Why didn’t I receive a separate 1099-INT for the interest earned on my mortgage escrow account?
A. Mortgage escrow account interest is aggregated with the interest earned on other Credit Union accounts, so there is no need for a separate 1099-INT.
Q. For Joint accounts, will both members get tax forms?
A. No. Tax forms are issued based on the Tax Identification Number on the account (typically the Primary account holder’s TIN).
Tax forms are mailed to and posted in the Digital Banking account of the Primary account holder. Joint members cannot see tax forms for Primary account holders unless the Primary account holder is a minor.
Q. Does the Credit Union offer any tax preparation discounts for members?
A. Yes! Get the tax help you need and special member savings with TurboTax® and H&R Block®. Learn more on our Member Perks page or click the banner below to get started.
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