CEO Message
-
Simpler Solutions for Managing Your Money
When it comes to managing money, one size does not fit all.
-
75 years and growing
I’m excited to share that 2025 marks RCU’s 75th anniversary! With the loyalty and participation...
-
Partnering for Security
The security of our Members’ accounts and information is our top priority. As we navigate...
-
The Credit Union Advantage
As an Redwood Credit Union Member, you can be confident that your credit union continues...
-
We’re Here to Help
As your trusted credit union, we are committed to maintaining a strong financial position for...
-
Inspiring Hope for the New Year
Happy new year! This month marks Redwood Credit Union’s 74th year of providing financial services...
-
Investing in You
Because you bank with Redwood Credit Union, you are making a positive impact not only...
-
The Full Value of Your Membership
I would like to take a moment to thank you for your trust in Redwood...
-
You’re Safe With Us
Immediately following the unfortunate events that recently transpired in the banking industry, I sent a...
-
Your Trusted Financial Partner
You may have seen recent headlines about banks that are struggling. I want to assure...
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.
Leaving Our Website
You are leaving our website and linking to an alternative website not operated by us. Redwood Credit Union does not endorse or guarantee the products, information, or recommendations provided by third-party vendors or third-party linked sites.
