Here at SESLOC, our dedication to the financial well-being of our community is unwavering. We are always striving to implement new and better ways to support and give back to you, our valued member-owners. From exciting new benefits such as freebies and special offers at local businesses, to enhancing your financial health through unique savings opportunities, we are here to support you every step of the way. And, as the first of a few anticipated rate reductions from the Federal Reserve occurred on September 18th, we are evaluating even more loan rate reductions over the coming months, which will open up new possibilities for our members to pursue their lending needs at SESLOC.
Speaking of new opportunities and member benefits, I am excited to announce that SESLOC will soon be offering new benefits for saving this fall. We are implementing a minor change to the tiered rate structure for personal savings accounts as of December 1, 2024, which will provide higher dividends on the first tier of balances for every personal account. Plus, we plan to introduce jumbo share certificates to expand investment options for larger deposit balances. We understand that every dollar counts, and our goal is to ensure that you have the products you need to make the most of your hard-earned money. Stay tuned for updates as we launch these new benefits and continue to prioritize your financial wellness.
I’m happy to share that over the summer, we were also hard at work continuing our mission of providing financial education within our community by visiting local businesses. We had the pleasure of reconnecting with one of our employee partners, Edge Autonomy, where we presented a workshop on Understanding Your Credit Report and Scores and Addressing Debt. It is truly inspiring to know that attendees felt empowered and are ready to take charge of their credit scores and tackle high-interest debt. But we didn’t stop there! We also visited Hardy Diagnostics in September as part of their benefits fair and shared an educational presentation on budgeting. Looking to this fall and winter, we are keeping the momentum going by strengthening our partnerships, reaching out to new companies and schools, and continuing to provide valuable information through a variety of channels. If you or your business could benefit from this type of educational activity, call us at (805) 543-1816 or visit any branch to get more information. We are all in this together, and we would love to help.
As I reflect on SESLOC’s journey through 2024, I am deeply grateful for each of you who have stood by us as loyal members of our credit union family. I enjoyed reading all of the positive comments from I Love My Credit Union Day in July, many of which noted our staff are helpful, friendly and knowledgeable. Your trust and support are the foundation of our collective success and drive us to make a positive impact every day. As the year comes to a close, I wish you all the joys of the season. May your holidays be filled with warmth, hope and renewed energy to pursue your dreams in the year ahead. Here is to a special and unforgettable holiday season for you and your loved ones.
Mike Quamma
President & CEO
