Financial Wellness Day
With the Napa Office of Education
Napa Office of Education & Napa Unified School District in partnership with Redwood Credit Union will be hosting three in person classes on April 22nd. The first class will focus on the importance of credit, who are the agencies, how to build and maintain credit. The second class will focus on purchase readiness for first time homebuyers and next time homeowners wanting to purchase a vacation home or rental property. The third class is focused on existing homeowners wanting to learn more about refinance options, second mortgage, ADU financing and construction loans. There will be breakfast and lunch provided as well as fun prizes.
When: April 22, 2023
Time: 10:00am – 2:00pm
Location: 2121 Imola Ave, Napa, CA 94559
Take Advantage of These Topics:
How to manage and get out of debt
Credit vs. debt, definition, similarities and differences, methods to get out of debt, budgeting for debt.
Home Purchase Readiness
For First time homebuyers, next time or anytime. Your Mortgage options at any stage.
Your Mortgage Options for Current Homeowners
Learn about second mortgages, refinance options, accessory dwelling unit (ADU) financing, and construction loans
Complete the form below to register.
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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