Year-End Tax Documents

Year-end tax forms/documents are mailed to members by the end of January, and are available online through Member Access on or before January 31st. IRS 5498 Forms are mailed and made available to members by the end of May.

For more information or questions about your tax documents, please contact your local branch or our 24/7 Member Services at (888) 732-8562.

Below is a description of tax documents the Credit Union provides to its applicable members.

IRS Form 1098
Mortgage Interest Statement
This form shows the interest you paid, as well as the property taxes and any private mortgage insurance (if applicable) paid by escrow, on your real estate-secured loans (including traditional mortgage loans and home equity lines of credit).
IRS Form 1099-A
Acquisition or Abandonment of Secured Property
This form shows the Credit Union has acquired from you an interest in real property (such as a personal residence) that served as security for a loan, or the Credit Union has reason to know you have abandoned the property.
IRS 1099-C
Cancellation of Debt
The Credit Union is required to send you this form if we have discharged (canceled or forgiven) a debt you owed of $600 or more, or if an “identifiable event” has occurred that either is or is deemed to be a discharge of the debt.
IRS 1099-INT
Interest Income
This form shows the following:
  • Amount of interest or dividends you earned from your deposit accounts and/or savings bonds (if $10.00 or greater)

    Total interest/dividends earned for the year can be found on your December account statement, regardless of dollar amount.

  • Any federal backup withholding you paid (federal income tax withheld)
  • Any penalties you paid due to early withdrawal of funds from a Share Term Certificate account
IRS 1099-Q
Payments from Qualified Education Programs
This form shows distributions made from your Coverdell Education Savings Account.
IRS 5498-ESA
Coverdell ESA Contribution Information
This form shows contributions made to your Coverdell Education Savings Account.
IRS 1099-R
Distributions from Retirement Accounts
This form shows distributions from your retirement accounts (e.g., traditional IRAs, SEP IRAs, Roth IRAs and beneficiary IRAs).
IRS 5498 IRA
Contribution Information
This form shows contributions made to your retirement accounts (e.g., traditional IRAs, SEP IRAS, Roth IRAs and beneficiary IRAs).
IRS 1099–SA
Distributions from Medical Savings Accounts (MSAs)
This form shows distributions from your Health Savings Account.
IRS 5498-SA HSA, Archer MSA, or Medicare Advantage MSA Information
This form shows contributions made to your Health Savings Account.
SECU Credit Card Annual Activity Summary
The Credit Card Annual Activity Summary is prepared for SECU cardholders who made a minimum of 25 purchases with their credit card during the prior calendar year. It consists of an itemized list of all the transactions on the account, organized under categories such as restaurants, groceries, travel/lodging, merchandise/retail, and gas/automotive expenses. This money management tool can be helpful with budgeting household expenses and preparing tax returns.