Investments & Wealth Management
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January Market Recap
The Markets (as of market close January 31, 2024) Stocks closed January generally higher. Each...
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How to Bake a Pie-R-A
Roth IRAs are tax-advantaged differently from traditional IRAs. Not sure whether a Traditional IRA or...
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Do You Have These Key Estate Planning Documents?
Estate planning is the process of managing and preserving your assets while you are alive,...
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Assess Life Insurance Needs
If your family relies on your income, it’s critical to consider having enough life insurance...
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Annual Market Review
Overview The year 2023 was dominated by inflation and the Federal Reserve’s restrictive policy in...
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November Market Recap
The Markets (as of market close November 30, 2023) Stocks rose notably in November following...
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Will You Work Beyond Traditional Retirement Age?
More than seven out of 10 current workers in a recent survey said they expect...
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Make It a Point to Put Your Future First
Each month, you settle down to pay bills. You pay your mortgage lender. You pay...
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Year-End 2023 Tax Tips
Here are some things to consider as you weigh potential tax moves before the end...
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October Market Recap
The Markets (as of market close October 31, 2023) Stocks declined for the third straight...
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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