Direct Deposit
Spend your time living life, not banking!
Welcome to the convenience of Direct Deposit!
This efficient financial solution revolutionizes the way money is handled, eliminating the need for traditional paper checks. With its seamless process, Direct Deposit ensures your funds are securely and promptly deposited into your account. Trusted by countless individuals, this method not only streamlines payroll but also contributes to the overall accessibility and efficiency of modern banking. Embrace the simplicity of Direct Deposit and free up your time for what truly matters in your life, whether it’s pursuing artistic passions, enjoying dance and fitness, or achieving your financial goals.
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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