Exciting changes are underway
As a reminder, our wealth management services and your investment accounts are moving to LPL Financial as of September 21, 2024.
Latest update
As we transition from CUSO Financial Services L.P. to LPL Financial, you can view your aggregate balance in RCU digital banking.
Find step-by-step instructions for accessing your account details in digital banking.
As a reminder, on September 21st, we began transitioning our investment and wealth management services as part of our commitment to provide you with superior tools and services.
If you have questions, please reach out to your Wealth Advisor using our Contact Form or call (707)576-5040.
We’re committed to a smooth transition
Here’s what to expect:
Transition period
The transition period, beginning September 21st, is a phase where your assets are moved to the new platform. While we expect it to be faster, some account types can take up to 180 days.
Member contact
We may reach out to you for assistance with completing necessary forms to ensure a smooth transition.
Account access
Through September 23rd, you may experience temporary visibility issues with some accounts in digital banking. At any time, our financial advisors will still have full access to service your accounts.
Give us a call
Send us a message
Questions?
If you have additional questions for your wealth management team, please send us a message or call (707) 576-5040.
Thank you for trusting us for your investment needs.
Disclosures
Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (Member FINRA/SIPC). Insurance products are offered through LPL or its licensed affiliates. Redwood Credit Union and Redwood Wealth Management are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Redwood Wealth Management, and may also be employees of Redwood Credit Union. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Redwood Credit Union or Redwood Wealth Management. Securities and insurance offered through LPL or its affiliates are:
Not Insured by NCUA or Any Other Government Agency | Not Credit Union Deposits or Obligations | Not Credit Union Guaranteed | May Lose Value |
The LPL Financial registered representative(s) associated with this website may discuss and/or transact business only with residents of the states in which they are properly registered or licensed. No offers may be made or accepted from any resident of any other state.
Your Credit Union (“Financial Institution”) provides referrals to financial professionals of LPL Financial LLC (“LPL”) pursuant to an agreement that allows LPL to pay the Financial Institution for these referrals. This creates an incentive for the Financial Institution to make these referrals, resulting in a conflict of interest. The Financial Institution is not a current client of LPL for brokerage or advisory services.
Please visit https://www.lpl.com/disclosures/is-lpl-relationship-disclosure.html more detailed information.
The information provided on this Frequently Asked Questions (FAQs) page is for general information purposes only. While we strive to keep the information accurate and up-to-date, we make no representation or warranties of any kind, express or implied, and cannot guarantee its completeness or applicability to your individual circumstances.
Please note that any decisions you make based on this information are your responsibility. We aim to keep this FAQs page operational and accessible.
For personalized advice, please consult with your financial advisor.
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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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.