Fraud & Scam Tips
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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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Protecting Our Members: Understanding and Preventing Investment Fraud Schemes
At Redwood Credit Union, our top priority is the financial well-being and security of our members. Recently, we've seen a rise in a particularly deceptive type of scam that is a sophisticated and dangerous form of fraud that can have devastating effects on victims.
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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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How to Avoid Housing Scams
Experts don’t agree about the best time of year to move into a new home....
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Trust us to help protect you from scams
With scams and fraud at an all-time high, we want you to know we’re committed...
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Protect Yourself from Seasonal Job Scams
Half a million seasonal retail positions are expected to open this year ahead of the...
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‘Tis the Season for Holiday Scams
Winter holidays are just around the corner. The festivities! The food! The fun! The fraud?...
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Protect Yourself from Social Media Scams
In today’s interconnected world, social media has become a powerful tool for staying connected, but...
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5 Ways to Ensure Safe ATM Transactions
ATMs provide convenience and accessibility for people to withdraw cash, check their account balance, and...
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Protect Yourself from Imposter Scams
Have you ever received a suspicious email, text, or phone call from someone saying they’re...
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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