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Since most of us can’t rely on pensions or Social Security to pay for our retirement, retirement and investment planning is critical. And understanding your unique approach toward investing and retirement planning can help ensure your financial future is where you want it to be!
Want to know If you're ready to begin investing? This article will help you find out.Learn More
Try this easy-to-use calculator to discover how to meet your investment goal!Learn More
Want to know if your plan is on track to retire the way you want to? This easy-to-user calculator will help you find out.Learn More
Walk through this interactive 10-minute lesson on sustainable investing.Learn More
Investments at RCU
Let's start your journey today on investing with Redwood Credit Union.Learn More
*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS”), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union, and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. The credit union has contracted with CFS to make non-deposit investment products and services available to credit union members.
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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