Alyson Hilton
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Understanding IRAs
An individual retirement arrangement (IRA) is a personal savings plan that offers specific tax benefits....
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February Market Recap
The Markets (as of market close February 28, 2023) February saw stocks slide lower after...
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Changing Jobs? Know Your 401(k) Options
If you’ve lost your job, or are changing jobs, you may be wondering what to...
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How the SECURE 2.0 Act Affects Your Retirement
Saving for retirement is important this is the money you’ll likely utilize throughout your golden...
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January Market Recap
The Markets (as of market close January 31, 2023) January proved to be a bumpy...
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What to Do With Your 401(k) When Switching Jobs
Switching jobs? Don’t forget to address what you’ll do with your 401(k). Depending on how...
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Social Security Scams – How to Recognize and Avoid Them
Like the ever-popular IRS Scams, Social Security scams are prevalent. And like most scams, they...
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Finding Financial Wellness
What does financial wellness mean to you? At RCU, it means more than just what...
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Should I Buy a House Now?
Q: I’ve been saving up for a down payment with plans to buy a house...
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All You Need to Know About HELOCs
If you’re a homeowner in need of a bundle of cash, look no further than...
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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