Tag: Coronavirus

Rent Relief

CA COVID-19 Rent Relief Program: Now Covering 100% of Rent and Utilities for Income-Eligible Renters & Landlords

The State of California has increased funding for income-eligible renters and their landlords who have been impacted by COVID-19 to cover 100% of unpaid and future rent or utilities. This increase in rental assistance payments to 100% of unpaid rent will help make landlords whole and keep tenants housed. You can verify your eligibility for… Read more »

Student Loans

Student Loan Payment Pause Extended Through January 2022

  On August 6, 2021, the U.S. Department of Education announced an extension of the pause on federal student loan payments to January 31, 2022. The payment moratorium, currently in effect for millions of federal student loan borrowers, was set to end on September 30, 2021. The Department noted that this extension would be the… Read more »

Golden State Stimulus

What to Know About the California Golden State Stimulus II

On July 13, 2021, Governor Gavin Newsom officially signed the California Golden State Stimulus II into law, directing stimulus payments up to $600, plus $500 for dependents, to approximately 78% of California residents. Payments are expected to go out by direct deposit and mail to qualified residents starting in September. Qualified residents can expect to… Read more »

From Your CEO — Summer 2021

As we enjoy the cautious excitement of moving back to more normal operations, our ever-popular Shred Day drive-thru event happened on June 12 at the San Luis Obispo branch, and another one will pop up in the North County in the fall. We’d love to see more members choose paperless savings and loan statements so… Read more »

CARES Act

American Families Plan Would Provide Benefits for Some, More Taxes for Others

On April 28, 2021, the White House released a fact sheet for President Biden’s American Families Plan (AFP), which proposes about $1 trillion in investments and $800 billion in tax cuts. There would also be tax increases for those making more than $400,000 per year. Major provisions proposed in the plan are summarized here, including… Read more »

Revenge Spend

5 Ways to Revenge Spend Wisely

There’s a new spending trend in town, and many are calling it “revenge spend.” As the COVID-19 vaccine gains momentum and restrictions ease, people are opening their wallets to make up for lost time during the lockdown. Many people are going big, bolstered by their stimulus checks. But be careful not to go too overboard…. Read more »

From Your CEO — Spring 2021

Welcome to spring on the Central Coast! A fresh, new season brings cautious optimism regarding the pandemic as more vaccines are made available; a light at the end of the tunnel for our local businesses and communities. Over the years, many of you have taken surveys based on your recent experience with the credit union…. Read more »

CARES Act

American Rescue Plan Act Provides Relief to Individuals and Businesses

On Thursday, March 11, 2021, the American Rescue Plan Act of 2021 (ARPA 2021) was signed into law. This is a $1.9 trillion emergency relief package that includes payments to individuals and funding for federal programs, vaccines and testing, state and local governments, and schools. It is intended to assist individuals and businesses during the… Read more »

Student Loans

Federal Student Loan Relief Scheduled to End

Update August 18, 2021 — On August 6, 2021, the U.S. Department of Education announced an extension of the pause on federal student loan payments to January 31, 2022. The payment moratorium, currently in effect for millions of federal student loan borrowers, was set to end on September 30, 2021. Update January 20, 2021 —… Read more »

CARES Act

Consolidated Appropriations Act Provides Relief to Individuals and Businesses

On Sunday, December 27, 2020, the Consolidated Appropriations Act, 2021 (CAA 2021) was signed into law. A $900 billion emergency relief package is included as part of this omnibus spending bill. It is intended to assist individuals and businesses during the ongoing coronavirus pandemic and accompanying economic crisis. Major relief provisions are summarized here, as… Read more »