Traci Bocci
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Prioritize security in the new year
The best resolution for this new year is to increase your personal online security habits....
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75 years and growing
I’m excited to share that 2025 marks RCU’s 75th anniversary! With the loyalty and participation...
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Partnering for Security
The security of our Members’ accounts and information is our top priority. As we navigate...
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Get on your bike and ride!
Summer is a great time to get outside and enjoy the beautiful weather and scenery....
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Take control and prevent fraud
Fraud and scams are a rapidly growing problem in today’s world. Scammers are taking advantage...
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The Credit Union Advantage
As an Redwood Credit Union Member, you can be confident that your credit union continues...
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Create a legacy of smart money management with your kids
Teaching your kids about saving and budgeting is among the best gifts you can give...
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We’re Here to Help
As your trusted credit union, we are committed to maintaining a strong financial position for...
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Budget Better with Envelopes
If you’re one of the many people who resolve to budget better in the New...
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How to Avoid Housing Scams
Experts don’t agree about the best time of year to move into a new home....
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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