We love helping our community
In the spirit of people helping people, RCU is dedicated to supporting our local community.
RCU in the community
We believe in the positive impact of investing in our local communities through the contribution of time, energy, money, and leadership support to nonprofit organizations and groups that make a meaningful impact. In that spirit, RCU is committed to giving back by volunteering, and providing sponsorships, fundraising, and leadership.
Celebrate Community program
In partnership with other local businesses and The Press Democrat, Redwood Credit Union has been a proud partner in the Celebrate Community program since its inception in 1999. The primary goal of this partnership is to encourage volunteerism in our community and support local nonprofits through the program’s Legacy Fund.Visit Celebrate Community
Chambers of Commerce
Chambers of Commerce are associations of business people who work together to promote and protect common interests in trade, economic development, and community and legislative issues. Redwood Credit Union believes in supporting local area Chambers of Commerce and we are members of each Chamber of Commerce where RCU has branch locations.
North Bay Leadership Council
Redwood Credit Union is proud to support the North Bay Leadership Council (NBLC) and participate on the NBLC Board. The North Bay Leadership Council is an employer-led public policy advocacy organization committed to providing leadership to help make the North Bay sustainable, prosperous, and innovative. The Council includes more than 60 leading employers in the region, including RCU. NBLC members represent a wide variety of businesses, nonprofits, and educational institutions, with a workforce in excess of 25,000.Visit NBLC's website
RCU is proud to be a founding partner in the Giving Marin program. Formed in 2018, Giving Marin is a movement fueled by a collection of the North Bay’s most community-minded businesses and institutions to provide visibility and support to Marin County nonprofits.Learn more at givingmarin.com
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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