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Bank Securely at Home
Our online banking and mobile app give you secure, 24/7 access to your accounts. If...
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Enjoy the Benefits of an IRA Today and in the Future
Save for retirement and catch a tax break with an individual retirement account. With the...
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Questions about Auto Loans? We Can Steer You in the Right Direction.
Cars come in many makes, models and colors, and options for auto loans are plentiful. If...
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Manage Your Healthcare Costs with a Health Savings Account
Here’s what to know about HSAs. If you have a qualifying high-deductible health plan (HDHP),...
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There’s a Way to Love Your Ride and Your Loan
Make your money go further when you finance an auto loan with RCU. The road...
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Block Spam, Scams, and Robocalls
Who’s calling?! Behind most unwanted phone calls is a scheme to separate you from your...
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2020: Celebrating 70 Years of Service
I’m excited to share that this year marks RCU’s 70th anniversary. Thanks to you and all...
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Savings, Money Market, Certificates – Where Does Your Money Belong?
A recent study by bankrate.com shows that nearly 30% of Americans have more credit card debt...
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Your Reverse Mortgage Questions Answered
In 2007, RCU created a strategic partnership with Alliance Reverse Mortgage to ensure our members...
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Your Security: Top 5 Ways to Protect Yourself from Fraud and Scams
We’re committed to the security of your account, and with fraud and scams on the...
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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