CEO Message
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Finding Financial Wellness
The beginning of a new year is the perfect time to look at your finances and ask yourself: “Am I making the most of my well-earned money?” Regardless of where you are in life or what your goals are, RCU can help you choose the best financial path for a secure future. In fact, it’s the reason we exist—to help people succeed.
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Financial Health in the New Year
The beginning of a new year is the perfect time to look at your finances and ask yourself: “Am I making the most of my well-earned money?” Regardless of where you are in life or what your goals are, RCU can help you choose the best financial path for a secure future. In fact, it’s the reason we exist—to help people succeed.
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Safe and Trusted, For You
As your credit union, we’re committed to being a safe, trusted place for you to...
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The Power of Optimism
As we emerge from the challenges of the past year, as a community and as...
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Reflecting on the Positive
Throughout our 71 years of service, we’ve helped our Members and communities weather many difficult...
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Talk to Us
There’s no doubt that 2020 has taken a toll on all of us in some...
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Moving Forward with Safe and Secure Banking from Home
There’s no doubt, our world has changed dramatically in a short amount of time...
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A Message to Our Community
Redwood Credit Union unequivocally stands for dignity and respect, combating inequity with passionate...
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Helping You is Our Focus
As your credit union, we’re here to help. We care about the health and wellness...
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2020: Celebrating 70 Years of Service
I’m excited to share that this year marks RCU’s 70th anniversary. Thanks to you and all...
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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