admin-redwood
-
Tips for Conserving Water and Saving Money
As you embrace water-saving techniques this summer, you should see water costs go down. Here...
-
Enjoy Your Staycation and Your Car
As you start thinking about your summer adventure and perusing airline tickets, hotels, and rental...
-
Ever Better – Remote Banking
In the past year, most of us have embraced remote banking as a more convenient...
-
The Markets – as of Market Close April 30, 2021
Stocks climbed higher in April on the heels of strong first-quarter corporate earnings reports and encouraging employment data.
-
New Changes to College Financial Aid and Education Tax Benefits
The Consolidated Appropriations Act, 2021 includes several provisions related to education, including $22.7 billion for colleges and universities.
-
Growing Interest in Socially Responsible Investing
U.S. assets invested in socially responsible strategies topped $17.1 trillion at the start of 2020, up 42% from two years earlier.
-
Coming Soon – A New and Improved Site, Just for You!
We’re always listening to your feedback to help us improve your banking experience, and we’re...
-
Market Update- First Quarter Review 2021
From a $1.9 trillion stimulus package and ramped up vaccine distribution, to stock price manipulation, the first quarter ushered in an eventful start to 2021.
-
Should You Convert Your Term Life to Permanent Life Insurance?
Depending on your needs, you may want the affordability of term life insurance. Or perhaps you prefer the lifelong protection that permanent policies offer.
-
Should You Pay Off Student Loans Early or Save More for Retirement?
Digging out from debt and saving for the future is a financial tug-of-war. Learn how to optimize your income for a healthy financial future.
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.
Leaving Our Website
You are leaving our website and linking to an alternative website not operated by us. Redwood Credit Union does not endorse or guarantee the products, information, or recommendations provided by third-party vendors or third-party linked sites.
