Investments & Wealth Management
-
Diversifying with Market Caps
The U.S. stock market struggled in 2022, with the S&P 500 index ending the year...
-
April Market Recap
The Markets (as of market close April 28, 2023) Stocks ended April generally higher, despite...
-
When Should Young Adults Start Investing for Retirement?
As young adults embark on their first real job, get married, or start a family,...
-
50 and Older? Here’s Your Chance to Catch Up on Retirement Saving
If you are age 50 or older and still working, you have a valuable opportunity...
-
2023 Quarter 1 Market Recap
The Markets (first quarter through March 31, 2023) Wall Street proved resilient during the first...
-
Understanding IRAs
An individual retirement arrangement (IRA) is a personal savings plan that offers specific tax benefits....
-
Saving for Retirement
Although most of us recognize the importance of sound retirement planning, few of us embrace...
-
February Market Recap
The Markets (as of market close February 28, 2023) February saw stocks slide lower after...
-
What to Do With Your 401(k) When Switching Jobs
Switching jobs? Don’t forget to address what you’ll do with your 401(k). Depending on how...
-
January Market Recap
The Markets (as of market close January 31, 2023) January proved to be a bumpy...
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.
Test
Content
Leaving Our Website
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.