The $18 billion State Employees' Credit Union is trying to finda soft spot with the IRS as the cooperative continues to make thecase that it can help the agency find recipients of unclaimed taxrefunds.
The IRS recently said 107,831 refund checks totaling $123.5 millionwere returned to the agency because of mailing address errors. SECUPresident/CEO Jim Blaine offered to check IRS records against theCU's database to see if any members were due checks. The IRS saidit could not share Social Security numbers with anyone except thetaxpayer.
In another appeal, Blaine said North Carolina is the country'stenth most populous state making up 4% of the population. Hefigured if 4% of the 107,831 unclaimed checks belong to NorthCarolinians that would amount to 4,300 people.
“Tell Scrooge [or] whoever that might be at the IRS, to quit withthe 'bah-humbugs,'” Blaine said in a Nov. 12 e-mail he shared withCredit Union Times. “What a gift this might be at this time ofyear! A special gift from the IRS!”
The IRS said it is eager to get the checks out to the rightfulowners. Blaine said he can get SECU's data tape to the agency“right away” and even asked about a possible pilot between thetwo.
“C'mon, the IRS needs to practice its 'Ho-Ho-Ho's,'” Blaineurged.
[email protected]

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.