Investments & Wealth Management
-
Top Reasons to Review Your Life Insurance Needs
When your life circumstances change, you have an opportunity to make sure the people you love are protected.
-
July Market Summary
Favorable economic news was reported as the economy expanded at an annualized rate of 6.5%, 850,000 new jobs were added, while the number of new unemployment claims declined.
-
A Guide to Naming Life Insurance Beneficiaries
Life insurance has long been recognized as a useful way to provide for your heirs and loved ones.
-
What Affects Stock Value
Specific types of investments could influence individual stock prices during the second half of 2021.
-
How to Protect Your Retirement Savings from Creditors
Review the creditor protections that apply to retirement accounts.
-
A Steady Investment Strategy
No matter how much you try to make objective decisions, you may be tempted to guess at market movements.
-
Can Debt Affect Your Retirement Plan?
Debt poses a growing threat to the financial security of many Americans — and not...
-
Three Reasons to Keep Your Personal and Business Finances Separate
Your personal assets could be vulnerable to business debts, losses, and lawsuits. Here are three reasons why it’s important to keep them separate.
-
Decisions, Decisions: Weighting the Pros and Cons of an IRA Rollover
If you lose a job, switch employers, or step into retirement, you might consider rolling your retirement plan savings into an IRA.
-
The Markets – as of Market Close May 28, 2021
Stocks were volatile in May, likely a reflection of strength in the U.S. economy as well as concerns about inflation.
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.