Saving for Educators
County Office of Education
Sometimes saving money is easier said than done. At RCU, we understand the challenges and we are here to help. Explore the tips, tools and resources below and start a savings strategy that works for you.
Watch RCU’s brief webcast on saving and saving strategies for an overview of this important topic.Learn More
Check out this toolkit of articles, worksheets, and calculators to help you on your savings path.Learn More
Explore savings focuses and accounts with this 7-minute interactive module.Learn More
Take part in this weekly savings challenge to build your saving muscle and make ground on your savings goals!Learn More
Get to know some of your savings account options as well as associated terminology and considerations.Learn More
Saving at RCU
Check out the variety of savings options that Redwood Credit Union is proud to offer Members.Learn More
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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