We’re Honored to Serve You
September 27, 2022
As we approach the holiday season, it’s a perfect time for us to thank you for choosing Redwood Credit Union as your financial services partner. We know how important it is to feel confident about where you bank and manage your money. We’re grateful for your trust in us and the way you support us by recommending us to family and friends and voting for us in local readers’ polls.
Thanks to your enthusiastic feedback, RCU has repeatedly been voted “best credit union” or “best financial institution” in numerous local publications including The Press Democrat, Marin Independent Journal, Sonoma Index-Tribune, Bohemian, Pacific Sun, and the Napa Valley Register. After multiple years of being named “Best Company to Do Business With in Sonoma County,” NorthBay biz magazine readers this year voted us “Best Company to Do Business With in Napa County”—a timely honor, just as we are about to open the doors of our new Napa administrative offices and branch. And based on a nationwide consumer survey about their banking relationships, RCU has once again been named to Forbes’ Best-in-State Credit Unions for the third year in a row. Of the more than 5,400 credit unions in the U.S., only 3% are recognized as top credit unions, and we’re proud to be among them.
Passionately serving your best interests is what we are here to do every day. And while we don’t do what we do to win awards, we view these recognitions as a direct reflection of the support and confidence of our Members—and that, to us, is the highest compliment we can receive. Your faith and trust in us continually motivates us to innovate and elevate your banking experience.
In addition to the accolades we receive from our Members and communities, RCU consistently receives top ratings for financial strength from Weiss Ratings, and Bauer Financial, so you can have peace of mind knowing our financial performance is strong and your money is safe with us.
We deeply 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 needs. We care about your financial well-being, and we love to help you succeed. Thank you for your membership and support. We’re honored to serve you.
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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