Vanessa Miranda-Stewart
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Managing Your Money in a Tough Economy
Many recent factors have been causing prices to rise, and it may feel like your...
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New RCU Napa Branch and Administrative Campus
We’re opening our doors on our new 8-acre sustainable, solar-supported facility in Napa, complete with...
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Celebrating the Legacy of Elaine Bossa
Earlier this spring, we lost the last of the founding members of RCU—Elaine Bossa. While...
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4 Steps to Prepare for Fire Season
Besides planning those summer trips, one of the best things you can do this summer...
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Save Money on Gas and Drive Greener
Hybrid and electric vehicles are growing in popularity, and surging gas prices are fueling demand....
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Election of Volunteer Officials
At RCU’s annual membership meeting, three volunteer board members were re-elected: Judy Herrerias-James, Lisa Wittke...
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How to Spot Financial Scams
When it comes to fraud, we all want to believe we can spot a scam...
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Before You Get Married, Talk Money
If you’ve made the decision to get married, congratulations! You’re probably thinking about all 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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