Get on your bike and ride!
June 7, 2024
Summer is a great time to get outside and enjoy the beautiful weather and scenery. Whether it’s a cruise down the coast, or a rigorous ride through the hills, cycling can be a fun way to benefit your health and the environment. Here are just a few ways that biking can have huge positive effects on your life and on the planet:
Get stronger, one pedal at a time: Cycling increases stamina, strength, and cardiovascular fitness.
Save the planet, save money: Reduce fuel consumption and air pollution, while saving on gas, too.
Less strain, more joy: Biking is low impact, meaning fewer injuries than many other types of exercise.
Go at your own speed: From mountain trails to beach cruising, cycling can be as intense as you want.
Explore! Cycling takes you outdoors in the fresh air and pushes you to see new sights and places.
Buying a bike doesn’t have to be expensive, and we’re here to help you get started. If you need help getting bike or upgrading the one you have, we offer bicycle loans that can help cover the cost of a bike or e-bike, and maintenance costs for your bike’s safety and performance. With flexible term lengths, and a convenient monthly payment calculator, you can get started on biking journey today.
Visit redwoodcu.org/bike and learn more.
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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