Tax Resources

Be ready with your Premier Members Tax Documents

Your 2020 Premier Members tax documents will be available online, and/or mailed to you as early as January 31.

You can access your tax documents easily online if you’re enrolled in eStatements – just log in to Online Banking and follow the prompts after Jan. 31. However, regardless of whether or not you’re enrolled in eStatements, we will be mailing everyone a tax form this year.

To enroll in eStatements, login to Online Banking and click on the Statements and Notifications widget. Or check the eStatements box and accept disclosures when first logging in.

As an additional level of security, only the last 4 digits of SSNs will be on the forms.


More documents you might need:

Form Name: 1099-INT Dividends earned on accounts and U.S. Savings Bonds

Date Available: Postmarked no later than Jan. 31

Access: Members will receive one tax form with total dividends from all Premier Members Credit Union accounts under the same Tax ID Number, except tax deferred accounts such as IRAs, ESAs or HSAs. Joint account holder names will not appear on tax forms and only one account number will appear on the tax form.

You will only receive a 1099-INT form if the total dividends is $10.00 or more. If a member has multiple deposit accounts that earned dividends, the 1099-INT form will report the total sum of those accounts. Members can find the earnings per each individual account on their December 31, 2020 statement(s) or in online banking.

Members can view their 1099-INT form via online banking, if registered, under the smallest account number. Mailed 1099-INT forms are being sent in lieu of online access.


Form Name: 1042-S Dividends earned on accounts for Non-Resident Aliens

Date Available: Postmarked no later than Jan. 31

Access: For each dividend earning share, members will receive a separate tax form, except tax deferred accounts such as IRAs, ESAs or HSAs.
Members can view their 1099-INT form via online banking but will only be able to see the 1042-S form for the account registered. Mailed 1099-INT forms are being sent in lieu of online access


Form Name: 1098 Interest paid on Mortgages

Date Available: Postmarked no later than Jan. 31

Access: Members can view their 1098 form via online banking. Mailed 1098 forms are being sent in lieu of online access.


Form Name: 1098 Interest paid on Home Equity Lines of Credit (HELOC), Home Equity Loans and Consumer Construction Loans

Date Available: Postmarked no later than Jan. 31

Access: Members can view their 1098 form via online banking. Mailed 1098 forms are being sent in lieu of online access.


Distributions made from IRAs and HSAs

Form Name:
  • 1099-R for Traditional and Roth Individual Retirement Accounts (IRAs)
  • 1099-Q for Coverdell Education Savings Accounts (ESAs)
  • 1099-SA for Health Savings Accounts (HSA)

Date Available: Postmarked no later than Jan. 31

Access: Members will receive their form by mail to the address on file for the tax-deferred account since these forms are not available online.


Contributions made to IRAs and HSAs

Form Name:
  • 5498 for Traditional and Roth Individual Retirement Accounts (IRAs)
  • 5498-ESA for Coverdell Education Savings Accounts (ESAs)
  • 5498-SA for Health Savings Accounts (HSA)

Date Available: Postmarked no later than April 30 (Form 5498-ESA) and May 31 (Forms 5498 and 5498-SA)

Access: Members will receive their form by mail to the address on file for the tax-deferred account since these forms are not available online.