Stock Market
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August Market Recap
The stock market rallied in July, inflation fell, and the labor market continues to show strength.
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July Market Recap
Despite ebbs and flows in the market, there is enough favorable economic data to offer some hope.
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Quarterly Market Recap
How recent events are impacting the market
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May Market Recap
Find out what is moving the markets.
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April Market Recap
The impact of global events and what this means for the current market.
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Quarter 1 Market Recap
Most economic indicators are still demonstrating varying degrees of strength.
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February Market Recap
Wall Street opened on a high note, with each of the benchmark indexes advancing.
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January Market Recap
Positive economic signs in January resulted in nearly 200,000 new jobs, the dollar climbed higher and the fourth-quarter GDP advanced.
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2021 Year-End Market Recap
As the United States and the world inch toward normalcy, stock markets, employment, and production should also advance.
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November Market Recap
More than 500,000 new jobs were added, and weekly claims for unemployment insurance fell to their lowest level since 1969.
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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