Investments & Wealth Management
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2023 Quarter 1 Market Recap
The Markets (first quarter through March 31, 2023) Wall Street proved resilient during the first...
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Understanding IRAs
An individual retirement arrangement (IRA) is a personal savings plan that offers specific tax benefits....
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Saving for Retirement
Although most of us recognize the importance of sound retirement planning, few of us embrace...
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February Market Recap
The Markets (as of market close February 28, 2023) February saw stocks slide lower after...
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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...
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Changing Jobs? Know Your 401(k) Options
If you’ve lost your job, or are changing jobs, you may be wondering what to...
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January Market Recap
The Markets (as of market close January 31, 2023) January proved to be a bumpy...
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How the SECURE 2.0 Act Affects Your Retirement
Saving for retirement is important – this is the money you’ll likely utilize throughout your...
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September Market Recap
A rally at the end of September helped drive stocks generally higher resulting with the Dow, The Russell 2000, and the Global Dow posting gains.
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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