Committed to our communities
Explore the different ways we invest in our community.
See what’s new in our community outreach
Holiday wishes fulfilled
Redwood Credit Union stepped up to fulfill the Secret Santa wishes of 2,500 hearts that would otherwise have gone unclaimed.
Cleveland Ave Building Exterior Lights
Redwood Credit Union lights up its Cleveland Ave building to help celebrate and support events, holidays, and more!
Community Resources
In the eight counties we serve, Redwood Credit Union has partnered with multiple nonprofit organizations to address important issues faced by individuals, families and communities. If you desire support, please review the services provided for your county of residence and contact them directly for more information on what they can do to help. We’ve organized the list below based on the type of service offered.
Go Local Program
As a proud member of the Go Local cooperative in Sonoma County, Redwood Credit Union understands the importance of supporting our local communities. We see the positive impact that comes when individuals buy from locally owned manufacturers, retailers and restaurants, as this helps improve our community life by providing jobs and incomes.
3,288
Volunteer hours by RCU team members
211
Community partners supported
167
Sponsored events
162,785
Estimated number of people reached through events
$963,447
Given through grants
113
Financial Wellness events
2,735
Calls to BALANCE for free financial counseling
$3.7 Million
Donated through grants, fundraising, and volunteer hours
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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