Unleash the Power of Saving
March 28, 2023
RCU is celebrating National Credit Union Youth month in April. This year’s theme is “Unleash the Power of Saving at Your Credit Union™.” Together with credit unions around the country, our goal is to help teach and encourage kids to develop smart money habits that will benefit them for life.
To celebrate and help power up savings, all youth accounts opened in April will have the first $10 deposited on us for a Jr. Ranger Youth Savings Account (Ages 1-12) and $20 for a Jr. Partner Teen Checking & Savings Account (Age 13-17).*
Start your child or teen on the road to financial wellness! Learn more about youth accounts.
*Offer valid on youth accounts opened between 4/1/2023 through 4/30/2023. $10.00 will be deposited into the savings account of the RCU Jr. Ranger Member (age 12 and under) or $20.00 will be deposited into the savings account of the RCU Jr. Partner Member (age 13-17) who opened a new account within the promotional period. Deposits will be made to the account within 3 business days of account opening. A responsible adult must be added as a joint Member on each youth account. Certain restrictions may apply. Federally Insured by NCUA.
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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