Keith Martin
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Why Doesn’t Everyone Bank with a Credit Union?
Many people still have misconceptions about credit unions. The good news is about 65% of our new members come from Member referrals.
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Protecting Your Business from Check and ACH fraud
In today’s fast-paced business environment, financial fraud is an ever-present threat, especially for small and mid-sized businesses.
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Strategies for Building a Cost-Effective Fleet for Your Business
Building a business fleet is more than just buying vehicles—it's a strategic investment that can impact your bottom line for years to come.
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Stay Safe from Scams
Why does this happen, and how can you prevent it?
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Small business financial strategies to build resilience and thrive
In today's unpredictable economic landscape, small businesses face unique challenges that require robust financial strategies to ensure stability and growth.
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Business insurance essentials and assessing your coverage needs
Business insurance is a critical component of any successful enterprise, providing protection against a variety of risks that could otherwise jeopardize your operations.
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Trigger Leads: Why You Get So Many Offers After Applying for a Loan (and How to Stop Them)
There are steps you as a consumer can take to avoid a flood of unexpected calls, texts, and emails.
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Simpler Solutions for Managing Your Money
When it comes to managing money, one size does not fit all.
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How to use RCU Digital Banking for Tax Documents
As tax season approaches, business owners often find themselves scrambling to gather the necessary documents. Fortunately, digital banking has revolutionized the way we manage our finances.
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Protecting Our Members: Understanding and Preventing Investment Fraud Schemes
At Redwood Credit Union, our top priority is the financial well-being and security of our members. Recently, we've seen a rise in a particularly deceptive type of scam that is a sophisticated and dangerous form of fraud that can have devastating effects on victims.
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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