Coronavirus Response
Bloom Credit Union services update.
All of our branches are open.
Other convenient service options: Ph. 616-452-2161, email (memberservice@bloomcu.org) LiveChat on this site, our online loan application, our Bloom App, Mobile Banking, Online Banking and Bill Pay Services. We would be happy to show you how to use these services. More info here.
We're rooting for you.
If the coronavirus creates financial issues for you, please reach out to a Bloom Credit Union Financial Solutions Partner for assistance. We have a number of options available:
- Low rate emergency loans--with no payment for 60 days!*
- Mortgage/Home Equity Loan payment extensions for up to 90 days)**
- Loan Extensions (with no fee and no adverse credit info reported)**
- Loan restructuring
- Refunding service fees
- Free credit score analysis (may lower your loan payment)
- Car loans with no payment for up to 90 days
**For COVID 19 affected borrowers who reach a loan relief agreement with us during accommodation period. In some cases, if a member has gap insurance, and they execute more than two skip payments during the length of the loan, their potential gap benefit could be reduced.
Government economic impact payments
Important changes to the child tax credit are helping many families get advance payments of the credit The IRS began paying half the total credit amount in advance monthly payments starting on July 15. You will claim the other half when you file your 2021 income tax return. These changes apply to the 2021 tax year only. These payments will be posted monthly, unless you opt out, then you will get the tax credit when you file your taxes as normal. More information.
Third round stimulus payments came in waves over a few weeks, with the first ones posted on 3/17/21. As with the first two rounds of payments, most eligible individuals received their payment via direct deposit into the same account reflected on their tax return. When it actually comes in, you can see the payment in Online Banking (so you can avoid the busy phone lines) and you can easily access those funds using your Bloom Credit Union Debit Card. To stay on top of your finances, download our Bloom App, and/or set up appropriate automatic alerts in it or in Online Banking.
The vast majority of people did not need to take any action to receive their payment, it was automatic, so there was no need to reach out to the IRS or your financial institution. For information about the stimulus checks, including eligibility, and how payments are made, the federal government has developed a website here.
If you didn’t get any payments or got less than the full amount, you may qualify for the credit, even if you don’t normally file taxes. More information is available here. You may need to fill out a form, including Bloom Credit Union's Routing and Transit number: 272-486-193. When entering your personal account information, add two zeroes (00) to the end of your account number (signifying savings account), and since it's a 12 digit account number format, add enough zeroes to the beginning to make it 12 digits. For example, an account number of 12345 would be formatted as 000001234500.
Eligible individuals who did not use direct deposit when filing their taxes and didn't use the above method to give them their direct deposit information may be mailed the payment (a check or debit card). For those people who do receive their Economic Impact Payment as a check in the mail, please know that all names listed on the check must also be listed on your Bloom account. Also, all persons named on the check must endorse the back of the check. If these two requirements are not met, we cannot cash or deposit your check. If you receive your payment by check, to save time you can deposit it using our Bloom App, or at a nearby Co-op Network ATM that accepts deposits.
Keeping us all safe.
We hope you and your family are doing well and we appreciate your cooperation with safety measures during this historic and ever-changing pandemic. In accordance with the new CDC and State of Michigan guidelines, you do not need to wear a mask when you come into a Bloom CU branch.
- Please continue with social distancing inside our branches.
- Please enter with only those needed to conduct business.
- We're regularly sanitizing high touch areas and have clear shields for front-line staff.
- Hand sanitizer is readily available
Business Loans
If you have any questions about business loans, please call our Business Lender, Bill Seniura, at 616-252-2515. Or you can email him at williams@bloomcu.org
Avoid scams
Scammers take advantage of the virus fears and widespread interest in the stimulus checks to try to steal personal information and money. Remember, that the Credit Union and the IRS will not call, text you, email you or contact you on social media asking for personal or bank account information. Here's a helpful link from the Better Business Bureau about avoiding stimulus check scams. The FTC has published the following article to protect you from scammers. Coronavirus Scammers
Important Message For Members With Credit Insurance
If you elected Credit Life or Disability Insurance, underwritten by CMFG Life Insurance Company on your loan with us, and are facing financial troubles due to a covered loss, please contact us to file a claim or discuss what benefits may be available under the coverage. As part of the same community, Bloom Credit Union is committed to doing our part to keep us safe and sound throughout ongoing developments related to COVID-19.
Stay up to date with trustworthy health information
The Centers for Disease Control (CDC) has created a page where they are posting reliable information. CDC: Daily Coronavirus Updates The Credit Union is following guidance from the State Health Departments and the CDC to prevent exposure to the virus for our members and staff.
Thank you for being a member. Let us know if we can assist you in any way.
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