Advance Child Tax Credit Information

The Federal Reserve Bank will be distributing the Advance Child Tax Credit (CTC) payments beginning this week. The monthly installments are scheduled to be disbursed on the following dates: July 15, August 13, September 15, October 15, November 15 and December 15. These payments will be issued either by direct deposit, as long as the correct banking information has previously been provided to the IRS, or by check.

The fastest way for eligible members to receive their payment is to verify that the IRS has the correct banking information. We strongly encourage our members to visit the IRS site below to update their banking information, check their eligibility for payment, check enrollment, and manage their payments:

https://www.irs.gov/credits-deductions/advance-child-tax-credit-payments-in-2021