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IRA and Retirement Plan Limits for 2021
Many retirement plan limits are indexed for inflation each year. While some remain unchanged for 2021, others have increased.
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2020 Year End Market Review
As the nations of the world work towards normalcy after a harrowing year, stock markets, employment, and production should also advance.
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The Markets – as of Market Close November 30, 2020
Despite a downturn on the last day of the month, stocks rebounded in November with several benchmark indexes reaching record highs.
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Five Tips to Regain Your Retirement Savings Focus in 2021
If you find yourself among those feeling stressed about your retirement savings, these tips may help you focus your retirement savings strategy in 2021.
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How to Help Maintain a High Credit Score
It’s easy to forget about your credit score this time of year, but the following tips can help you maintain or improve it throughout the holidays and beyond.
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Reflecting on the Positive
Throughout our 71 years of service, we’ve helped our Members and communities weather many difficult...
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Protect Yourself from Identity Theft
Nearly half of U.S. adults currently have credit card debt, according to a report If...
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Setting Retirement Goals and Planning for Tax Time
In general, Americans aren’t saving as much as we should. And when it comes to...
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Frequently Asked Questions about ATMs
Credit unions are cooperatives that are owned by their members. Each member has an equal...
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6 Money Moves for Positive Change in the Coming Year
We can’t deny that bad things sometimes happen in life, but we can learn to...
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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