RCU Stories
Everyone has unique financial needs. We listen to our Members so we can learn about your goals and dreams, and provide you with solutions to help you thrive financially. Here, some of our Members share their stories in their own words.
See how RCU helped Jackson’s Bar & Oven survive the pandemic and thrive.
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Watch how Marcela and Oscar Aguilar built a business from their garage with ongoing support from RCU.
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Learn how Trevor and Stephanie got their commercial building with help from RCU.
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The Agee Family shares how RCU used out of the box thinking to help them with their home loan.
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Stephanie shares why she will always shop RCU auto loans when she buys a car.
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Member Emily from The Tail Haven shares how RCU has helped her business.
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Mike and Jenny share their journey of starting a new business with support from RCU, and what local banking means to them.
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Raina shares how RCU simplified the process of getting a mortgage loan.
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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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