Stock Market
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July Market Recap
The Markets (as of market close July 31, 2024) Stocks closed mostly higher in July....
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June Market Recap
The Markets (second quarter through June 28, 2024) Wall Street got off to a slow...
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May Market Recap
The Markets (as of market close May 31, 2024) Stocks rebounded from a sour April,...
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April Market Recap
The Markets (as of market close April 30, 2024) Stocks ended April lower, with each...
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Annual Market Review
Overview The year 2023 was dominated by inflation and the Federal Reserve’s restrictive policy in...
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January Market Recap
The Markets (as of market close January 31, 2023) January proved to be a bumpy...
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Annual Market Review 2022
How inflation impacted 2022 and how it translates to the current market and the future months ahead.
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November Market Recap
The market rallied in November; the second monthly advance in a row.
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October Market Recap
Overall, the economic indicators for October were positive with stocks closing higher and increased personal spending.
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Quarter 3 Market Recap
The impact of inflation and what this means for the current market.
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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