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Whether you’re looking to pay less in interest or simplify your monthly bills, debt consolidation can be a helpful tool. Check out some of the resources available to see if it’s right for you.
Read this brief article to determine whether debt consolidation may be a good route for you.Learn More
Find out if you could save money via debt consolidation with this handy calculator.Learn More
Consolidating at RCU
Compare the interest rates you’re currently paying against RCU’s Signature rates to see if consolidating will pay off.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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