We’re Celebrating
International Credit Union Day!
We’re Celebrating
International Credit Union Day!
Thank you for another great event!
International Credit Union Day will return in 2025
We joined credit unions across the nation for International Credit Union Day on Thursday, October 17, 2024 in celebration of what it means to be a part of a credit union. The credit union difference is what sets us apart from other financial institutions. We are not-for-profit, community-based, federally insured and most importantly, we are owned by YOU — our loyal member-owners.
International Credit Union Day may be over, but we believe in celebrating the credit union spirit and the members that make this place so special. Stay tuned for more Member Appreciation Days in the future, and we look forward to celebrating International Credit Union Day again next October.
Here Are 10 Fun Facts About Credit Unions
- 2024 marks the 76th annual celebration of International Credit Union Day.
- The first credit union in the United States was established in 1909 — we got our start a bit later in 1942, with just $500 in assets.
- President Roosevelt signed the Credit Union Act in 1934 to help protect people’s finances during the Great Depression.
- There’s actually a credit union museum in New Hampshire.
- The Credit Union National Association (CUNA) estimates that during the March 2023 – March 2024 period, credit unions provided $24,960,615,809 in direct financial benefits to the nation’s 139,398,289 members — that’s a LOT of benefits!!
- Credit union member’s deposits are federally insured by the NCUA up to $250,000 — no member of a CU has ever lost a penny of insured savings.
- Credit unions are not-for-profit, which means we reinvest profits in our members and community
- Credit unions are owned by their members and cooperative — one member’s savings support another member’s loan.
- Credit unions are community based, so we support local nonprofits, business and schools, and providing essential financial education for free because it makes our community a better place.
- Nonmembers benefit from credit unions too! Competition for low rates keeps banks’ fees in check, thereby benefiting nonmembers.
SESLOC Supports
Making a difference in our community.
The Future is Financial: SESLOC Educates High School Students About the Importance of Budgeting
On Monday, May 20, SESLOC Credit Union hosted a hands-on, real-world living and budgeting simulation event for 70 students at Central Coast New Tech High School in Nipomo. For this event, SESLOC partnered with Bite of Reality, an app that presents real-life scenarios of maintaining a budget, to improve the financial health and wellness of the Central Coast.
Thank You For Supporting Our Local Food Banks!
SESLOC hosted a fundraiser for local food banks in May for the fourth year in a row. SESLOC, employees, and members raised over $15,000 combined for the SLO Food Bank and Food Bank of Santa Barbara County. Each dollar donated buys enough food for 8 meals, thanks to the Food Banks’ network of partners.
Education Grants Support Hands-on Learning
SESLOC Education Grants provide funding to support innovation and expand supplies at local K-12 schools. Here’s how a few teachers recently used grants to support their students’ return to the classroom:
Shawn
Dan
Mary
Jennie
Mary
Lanie
Greg
Stacey
Aja
Savings are insured to at least $250,000 and backed by the full faith and credit of the U.S. government. National Credit Union Administration, a U.S. government agency.
