Marin County Employee Program
Great news for Marin County schools employees!
Redwood Credit Union is committed to the communities we serve, and we believe every school employee should have the tools they need to provide a quality education to our local students.
Loan benefits
RCU offers zero-interest loans to help you pay for items such as:
- Classroom supplies and books
- Computer equipment and software
- Professional development courses
- SMART train passes
- Work-related expenses
Apply today!
Please call or visit any branch to apply:
- Call 1 (800) 479-7928
- Stop by any RCU location including our 3 Marin branches:
- 209 Third St, San Rafael
- 1010 Grant Ave, Novato
- 695 E. Blithedale Ave, Mill Valley
Program terms
Enjoy a zero-interest loan designed with your benefit in mind:
- Unsecured loan amount up to $500
- Interest rate of 0% APR*
- Repayment term of 10 months
- Limited to one loan at any given time per Member
Program requirements
Loan eligibility requirements apply, including:
- Employment by the Marin County public school system (paystub verification required)
- Must have direct deposit in place
- Automatic loan payments required
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*Rate effective April 19, 2024. All rates, terms, and special offers subject to change. Certain restrictions may apply. Loan payments amortized over term of loan with no interest added. Estimated payment example 10-mo. term, pay $50 per $500 at 0% APR. RCU accounts must be in good standing. Loan inquiries are not limited to Marin branches, please call or visit any branch to apply.
PPP Forgiveness Application Deadline
Congress passed The Economic Aid Act which changed the deferment period from 6 months post covered period to 10 months post covered period. For example, if your covered period ended June 30, 2021, under the new guidelines the earliest your first loan payment wouldn’t be due until April 2022, and you have until then to request forgiveness. Please use the following calculation to help you identify when your forgiveness will be due:
- PPP borrowers may select a covered period anywhere from 8 weeks to 24 weeks.
- RCU is automatically calculating your loan due date based on a 24-week covered period, if you intend on using a shorter covered period please inform us immediately as this will impact your due date.
- Your correct deadline will be reflected in your online banking account.
If all or part of your PPP loan is not forgiven, your first loan payment will be due the first of the following month after a decision is made by the SBA.
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