Financial Tips
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How to really save for unplanned expenses
How to really save for unplanned expenses.
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3 Reasons to Pay More Than the Minimum on Your Credit Card
Each month, your credit card has a minimum due payment amount. However, did you know that paying just the minimum on your credit card each month might be costing you more than you think?
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What Small Business Owners Need to Know About BOI Reporting in 2024
This new regulation aims to prevent illegal activities like money laundering by increasing transparency about who controls companies.
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Find Your Budget Style
Budget planning is one of the most important things you can do for your financial well-being.
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Make Zero Your Budget Hero
Have you resolved to stick to a new budget, but you’re not sure where to start?
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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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New Year, New Budget
Did you start thinking about New Year’s resolutions before the holidays even began? You’re in...
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Managing your holiday bills
The holiday season is a time for giving—and a time for spending! If making it...
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Secure Your Family’s Future
When was the last time you thought about estate planning? If you haven’t done it...
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5 Tips to Save Money Despite Inflation
Inflation can put a strain on our finances, but don’t worry! Redwood Credit Union has...
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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