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What do I need to give to a company to initiate an electronic ACH deposit or withdrawal on my RCU account?

To initiate electronic deposits or withdrawals on your account, the company will need your RCU account number and RCU’s routing transit/ABA number, which is 321177586. 

Related Items

How do I stop payment on an ACH electronic withdrawal? How can I place a stop payment on an electronic ACH debit? Can I send an International ACH transaction from my RCU account? What account number should I use to initiate a direct deposit or electronic debit to my health savings account (HSA)? What is Redwood Credit Union's routing and transit (ABA) number? What transactions are eligible for Same Day ACH (SDA)? Why did my ACH withdrawal process earlier than I expected?

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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