Green Living
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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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Ditch the Paper in 2022
Your money, how you spend it, and where you keep it often has a direct impact on the environment. When it comes to going green with your finances, start with something simple: limit your paper trail. We’re giving you four good reasons to go paperless in 2022.
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Tips for Conserving Water and Saving Money
As you embrace water-saving techniques this summer, you should see water costs go down. Here...
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4 Tips for an Eco-Friendly Spring
As you begin spring cleaning this year, why not incorporate a few changes to help...
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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