Safe and Trusted, For You
September 10, 2021
As your credit union, we’re committed to being a safe, trusted place for you to keep your money and take care of all your financial needs. While we often speak to this commitment, our Members and communities have been sharing this message better than we ever could.
For the second year in a row, RCU has been named to Forbes’ Best-in-State Credit Unions as one of the top credit unions in California. Consumers were surveyed and rated their financial institutions on trust, digital services, financial advice, branch services, terms and conditions, and overall satisfaction. RCU ranked 2nd in the state among credit unions. Of the more than 5,000 credit unions in the U.S., only 138 were recognized as top credit unions. Serving your best interests is our mission, and we live this mission every day by building trust, offering sound advice, and providing you with the services and tools you need to thrive financially.
We’re humbled to be recognized in a national publication like Forbes, but even more meaningful is the appreciation we receive in our local communities. Readers of numerous local papers—including the Press Democrat, Marin Independent Journal, Sonoma Index-Tribune, Bohemian, Pacific Sun, and the Napa Valley Register—have repeatedly voted RCU as “Best Credit Union” or “Best Bank,” for several years in a row. And NorthBay biz readers have voted us “Best Company to Do Business With in Sonoma County” eight times. Knowing that so many people in our community have faith in our team and the services we provide is truly humbling, and it motivates us to continually explore ways we can make your banking experience even better.
RCU is consistently ranked as one of the healthiest credit unions in the nation by Glatt Consulting, Weiss Ratings, and Bauer Financial, which means our financial performance is strong and your money is safe with us. So even when times are tough, you can have peace of mind knowing we’re here for you—and further peace of mind knowing your funds are federally insured.
We don’t take your trust in us for granted. We value your trust and your loyalty, and our team works hard every day to make sure we’re delivering the right services for your unique financial needs. We care about your financial well-being,
and we’re always here to help.
Best regards,
Brett Martinez
President & CEO
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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