Financial Tips
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Why Is Money So Emotional?
While our finances can stress us out, there are ways to take control Anyone who...
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How to Create a Budget and What to Put Into It
Once you’ve decided it’s time to create a budget, or get back on track with...
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Emergency Funds 101: The Key to Staying Debt Free and Sane
The pandemic taught us many things. Perhaps one of the most indelible is the importance...
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Preparing Financially for a New Baby
Congratulations! You’ve just gotten the positive pregnancy test results and you’re very excited—and nervous. Or...
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New Year, Fresh Start
The new year brings an opportunity to reflect on the past year and to set...
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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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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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Before You Get Married, Talk Money
If you’ve made the decision to get married, congratulations! You’re probably thinking about all the...
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Create a Vision Board to Help the Whole Family Save
Visualizing your goals using pictures instead of numbers can be a very impactful way to help you save.
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New Year, New Money Habits
Want to get financially healthy in 2022? The New Year is a perfect time for a fresh start and a chance to turn your finances around for the better. Building positive money habits can affect your entire wellbeing. Make your financial resolutions a reality with these helpful tips.
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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