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Can Debt Affect Your Retirement Plan?
Debt poses a growing threat to the financial security of many Americans — and not...
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The Power of Optimism
As we emerge from the challenges of the past year, as a community and as...
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Watch Out for Fake Amazon and Apple Calls
One of the more frequent scams we’ve seen lately is fake calls from Apple and...
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Three Reasons to Keep Your Personal and Business Finances Separate
Your personal assets could be vulnerable to business debts, losses, and lawsuits. Here are three reasons why it’s important to keep them separate.
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Decisions, Decisions: Weighting the Pros and Cons of an IRA Rollover
If you lose a job, switch employers, or step into retirement, you might consider rolling your retirement plan savings into an IRA.
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The Markets – as of Market Close May 28, 2021
Stocks were volatile in May, likely a reflection of strength in the U.S. economy as well as concerns about inflation.
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7 Tips to Help College Students Avoid Identity Theft
College students are five times more likely to be a victim of identity theft than...
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Tips for Conserving Water and Saving Money
As you embrace water-saving techniques this summer, you should see water costs go down. Here...
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Ever Better – Remote Banking
In the past year, most of us have embraced remote banking as a more convenient...
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Enjoy Your Staycation and Your Car
As you start thinking about your summer adventure and perusing airline tickets, hotels, and rental...
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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