Everything you need in small business checking
Manage your finances with a simple, low-cost checking account and a trusted, local partner.
Overview
You’ve got big dreams for your business and having a simple, affordable checking account will help you achieve them. The Business Essential account has everything you need to get your small business to the next level.
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1
Complete the application
It will only take a few minutes!
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2
Make a deposit
Put at least $100 in your account.
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3
Start banking
Easily manage your business expenses and watch your business grow.
Why Choose RCU?
At RCU, we’re passionate about helping our Members improve their lives. If you want a credit union that keeps your unique needs in mind and helps you envision and manage your financial future, the friendly experts at RCU are here for you.
Have a question?
At RCU, we're known for our reliable service, and we'll answer your questions and calls quickly.
Get everything you need with Business Essential Checking
Enjoy hassle-free money management.
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*Business must purchase scanner and have specific system requirements to utilize Business Online Deposit. Certain restrictions may apply. Learn more about Business Online Deposit here.
**Certain restrictions may apply. Service is not guaranteed. Business must apply for and be granted access to business wires. Additional fees may apply.
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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