Enjoy Your Staycation and Your Car
June 4, 2021
As you start thinking about your summer adventure and perusing airline 
- You can start your vacation right away. As soon as you get in your car and hit the road, the good times have begun. No need to shuttle to the airport, rent a car, drive some more, and then start having fun!
- Staycations give you more time. No wasted time sitting in the airport or waiting at the car rental place. You don’t have to clean your rental before you leave, check out of your hotel, or wait for a flight time.
- Staycations are easier to plan. Play tourist at spots nearby that you’ve been wanting to visit. No grandiose plan required. With minimal research, you can hop in the car and go.
- Staycations support local businesses. Your car can take you to picnics in the park (with some good local food and drink), an afternoon movie, or to a local farm to pick fruit.
- No need to hire pet care. Since you’re coming home at the end of the day, you don’t have the hassle of setting up animal care, or the stress of leaving your fuzzy friend behind.
If you’re wondering whether your car is equipped to act as your companion in all of this, RCU offers car loans with low rates, flexible terms, and quick loan decisions—so there’s no need to delay the staycation.
Or maybe you’ve been thinking about trading in or selling your car for a hybrid vehicle? Visit RCU Auto Services to get started. And once you’ve selected your new
hybrid or electric vehicle, take an additional 0.25% off our everyday low auto loan rates. Learn more about that 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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