Finance a HELOC
And receive an extra $250 for holiday shopping!
If you’re looking for an easy way to access funds when you need them, count on a Home Equity Line of Credit (HELOC) from Redwood Credit Union.
An RCU HELOC offers:
- Competitive rates
- Quick turnaround time – less than 30 days
- Local, personal service
Now, for a limited time, when you finance a HELOC, we’ll give you a $250 gift card to help with holiday expenses.
Get Started Today
This offer expires November 30, 2021.
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The promotion period is October 8, 2021 through November 30, 2021. Must be 18 or over to qualify. Home Equity Line of Credit (HELOC) must be funded in Napa County, based on property address on the application within the promotion period. The $250 will be deposited electronically to the RCU account associated to the HELOC. Limit of one $250 gift card per funded HELOC during the promotion period. RCU reserves the right to provide a substitute of equal or greater value. HELOC funding periods may vary but may be funded no sooner than 15 days after approval.
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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