Prioritize security in the new year
December 31, 2024
The best resolution for this new year is to increase your personal online security habits. Because we use usernames and passwords for everything from mobile apps to websites to digital banking, it’s important to have strong login credentials and use the latest best practices for securing your personal information. Here are a few smart tips for protecting your personal information and avoiding scammers.
- Use unique usernames and passwords for every online account to keep your other accounts safe if one becomes compromised.
- Usernames should be at least 10 characters long, and passwords should be 12-14 characters long.
- Use multifactor authentication (MFA) whenever possible to make gaining access to an account more difficult.
- Use a secure password manager to keep your passwords for you, so you only need to remember one login, and set up MFA.
- Use complex passwords or passphrases that are difficult to guess. You can generate them using a random password generator to make them unrelated to anything in your life that might be guessable.
It’s important to remember: RCU will never contact you and ask you to confirm your digital banking username, password, card number, or six-digit verification code.
We’re here to help you stay vigilant and protect your information and hard-earned money. If you have questions or think you may have been a victim of fraud, please report it to RCU’s Fraud Department at 1 (800) 479-7928 or contact us online. Consider sharing your story with friends and family to help them protect themselves. We all need to work together to shine a light on fraudulent activity.
Learn more at RCU’s Fraud and Security Center.
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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