International Credit Union Day. Empower Your Financial Future
September 26, 2022
Join us in celebrating International Credit Union (ICU) Day on Thursday, October 20, a time to highlight the many good things credit unions do for their communities and the people living in them. This year’s ICU Day theme, Empower your financial future with a credit union™ reflects how credit unions empower Members to make the best financial decisions for themselves and those who depend on them through financial services, education, and support.
Our knowledgeable team members love to help you find ways to make the most of your money. We aim to meet you where you are, equip you with resources to make informed decisions, and help you achieve your financial goals. That good work includes:
- Free financial education and counseling.
- Investment products and advice.
- Online budget-building tools, templates, and resources.
- Returning earnings to Members through lower rates, fewer fees, rewards, and expanded services.
We encourage you to take advantage of all we have to offer on your financial wellness journey, and rest assured, we’re always here for you.
To celebrate ICU Day, RCU will donate 25 cents* to local nonprofits when you use your RCU Visa® credit or debit card on October 20.
*Promotion subject to change. RCU will donate $0.25 to local nonprofits in Sonoma, Napa, Marin, Lake, Mendocino, and San Francisco counties for each card transaction performed by RCU Members. Program details are effective 10/20/2022. Purchases with an RCU card are not tax deductible. Visa debit and credit card purchases only. ATM withdrawals and transfers are excluded.
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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