Financial Tips
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How to really save for unplanned expenses
How to really save for unplanned expenses.
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What Small Business Owners Need to Know About BOI Reporting in 2024
This new regulation aims to prevent illegal activities like money laundering by increasing transparency about who controls companies.
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Find Your Budget Style
Budget planning is one of the most important things you can do for your financial...
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Make Zero Your Budget Hero
Have you resolved to stick to a new budget, but you’re not sure where to...
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Business checking with RCU just got better
There’s never been a better time to do your business banking with RCU. Whether you already have a business account with us or you’re exploring new banking options, you’ll want to learn more about our new checking accounts, recently enhanced to better meet the needs of businesses large and small.
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Watch Out for Fake Amazon and Apple Calls
One of the more frequent scams we’ve seen lately is fake calls from Apple and...
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Tips for Conserving Water and Saving Money
As you embrace water-saving techniques this summer, you should see water costs go down. Here...
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6 Money Moves for Positive Change in the Coming Year
We can’t deny that bad things sometimes happen in life, but we can learn to...
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4 Easy Ways to Reduce Debt
Nearly half of U.S. adults currently have credit card debt, according to a report from...
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Resolve to be Financially Healthy in 2020
It’s almost here: a new year to begin afresh with your financial resolutions! Get a...
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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