Form 1099 and Form 1098
2016 Form 1099
You will be receiving a Form 1099 for 2016 of interest earned on your savings account(s) under a separate mailing before January 31, 2017. You will receive this form if the total interest paid to you was over $10.00. If you use online banking, a copy of your 1099 form(s) will be housed for the whole year under the tab "Statements and Forms". Click on "tax forms" for your copies.
2016 Form 1098
You will receive a Form 1098 if you have a first or second mortgage with us. This form will be mailed to you under separate cover before January 31, 2017. You will only receive this form if the total mortgage interest paid was over $600.00. You will not receive a Form 1098 if the total mortgage interest paid was less than $600.00! If the amount paid was less than $600.00, please use your December 31, 2016, statement for mortgage interest paid for the year for tax reporting purposes. As with the Form 1099, a copy of your 1098 form will be housed in your online banking.