Election of Volunteer Officials
June 17, 2021
Board of Directors
These are the volunteer officials serving you on the Board of Directors:
- Rod Dole, Chair
- Judy Herrerias-James, Vice Chair
- Robert Eyler, Secretary
- Jim Olmsted, Treasurer
- M. Christina Rivera
- Lisa Wittke Schaffner
- Debra Watts
- Jeri Hansen
- David Gouin
- Greg McGuirk, Emeritus
Emeritus Board Member
Greg McGuirk, who served on RCU’s volunteer Board of Directors since 1987, has stepped down as Board Member. He will now be serving in an emeritus capacity, providing guidance and support as we continue to grow. We’re grateful for his service and dedication to our cooperative.
Audit & Enterprise Risk Committee
The Board has appointed the following members to serve on its Audit & Enterprise Risk Committee:
- Judy Herrerias-James, Chair
- M. Christina Rivera, Secretary
- Jeri Hansen
- David Imoto
- Lisa Wittke Schaffner
View RCU’s 2020 annual report at redwoodcu.org/annualreport and watch a video replay of the annual meeting here.
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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