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For many of us, purchasing a car is one of the biggest financial decisions we’ll make . . . and most of us do it more than half a dozen times over a lifetime! New or used, bought or leased, make sure the next time you’re considering a new vehicle, you have the knowledge and forethought to make the best decision possible!
Explore different ways to buy a car and the steps you can take to apply for a car loan with this 10-minute interactive module.Learn More
Discover what your monthly payment would be or how much car you can afford with this user-friendly calculator!Learn More
Check out this 12-minute podcast to delve into many of the considerations around buying a vehicle.Learn More
RCU Auto Services
Check out all the services RCU offers when it comes to buying (new or used), selling, and trading in your vehicle!Learn More
Auto Loans at RCU
Great rates and local service are just the beginning of your auto loan at RCU. Discover all the highlights!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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