Prepare for purchases small and large
Feel good about your spending knowing you have a plan in place.
From grocery shopping to buying a new car, life can be expensive! Discover some resources that will help you set a budget and prepare for purchases, both small and large.
Check out our featured articles or explore additional resources below.
Ways to improve your spending habits
Achieve your financial goals
Explore our other financial education topics to learn more.
Establish an emergency fund or save for a particular goal or special occasion. You’ll feel good knowing you’re building a stable financial future.
If you manage your debt well, it can help you build credit and equity, which will give you more financial security in the long run.
Ready to apply for a loan?
Our affordable loan options let you borrow with confidence for the things you want and need.
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.
Leaving Our Website
You are leaving our website and linking to an alternative website not operated by us. Redwood Credit Union does not endorse or guarantee the products, information, or recommendations provided by third-party vendors or third-party linked sites.