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Coming Soon – A New and Improved Site, Just for You!

April 30, 2021

We’re always listening to your feedback to help us improve your banking experience, and we’re excited to tell you about an update happening later this year.

This coming fall, we’re unveiling a new website with an improved look and feel. Some things to look forward to are:

  • An experience optimized for every device
  • Easy navigation
  • Improved search to help you find what you’re looking for more quickly
  • More personalized features

We’ll send you reminders as we get closer to the launch. As always, feedback is welcome so we can continue making your banking even better!

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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