Investments & Wealth Management
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High Inflation: How Long Will It Last?
Learn what steps are being taken to ease inflation.
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Ways to Cope With a Changing Market
Useful strategies to achieve your financial goals.
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April Market Recap
The impact of global events and what this means for the current market.
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What’s Your Retirement Dream Elevator Pitch?
What are your most important retirement goals?
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Food Inflation: What’s Behind It and How to Cope
Seven ways to master the supermarket in today's economy.
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Quarter 1 Market Recap
Most economic indicators are still demonstrating varying degrees of strength.
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ETFs are Gaining on Mutual Funds: Here’s Why
Attractive features are setting exchange-traded funds (ETFs) apart from mutual funds.
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Working While Receiving Social Security Benefits
Learn how the retirement earnings test (RET) could affect your benefits
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Feel Good About Retirement: Start Planning Now
Go confidently toward your future. Setting the stage for a comfortable retirement involves determining how much you need to save and developing a roadmap to pursue your goals. RCU is ready to help you every step of the way.
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February Market Recap
Wall Street opened on a high note, with each of the benchmark indexes advancing.
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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