Ever Better – Remote Banking
June 4, 2021
Online Certificate Renewal
As your RCU certificates come up for renewal, you now have the ability to provide instructions for what to do with them online and in the mobile app. You can, for instance:
- Let the certificate renew with no changes.
- Close the certificate and transfer the balance to another RCU account.
- Close the certificate and have a check mailed to you.
- Make changes to the certificate—change the term, balance, or both.
You’ll get a notification that your certificate is maturing 30 days before maturity date. The notice will appear at the top of your mobile and online banking and you can click Options to take one of the steps noted above. Enjoy the new feature!
Better Bill Pay
RCU Bill Pay is a convenient, safe, no-cost way to pay your bills. And it’s getting faster and easier. Some new features:
- An easy-to-use design
- A calendar feature and ability to set reminders
- Access to thousands more local and national e-billers, so you can view your statements and pay with just a few clicks
Whether you need to pay PG&E or a Macy’s bill, you no longer have to buy checks, stamps, and envelopes or put your sensitive financial information into multiple online payment centers. Using electronic payments means no last-minute surprises
or check delays, and it’s free! Watch our website for updates and announcements.
A New and Improved Website!
This fall, we’re unveiling a new website with an improved look and feel. Things to look forward to:
- An experience optimized for every device
- Easy navigation
- Improved search to help you find what you’re looking for more quickly
- More personalized features
Watch our website for updates, and we’ll send you reminders as we get closer to debuting these new features. As always, feedback is welcome so we can continue making your banking even better!
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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