#56,000MembersStrong #SESLOCProud
We’re excited to announce that as of September 30, 2020, we surpassed one billion dollars in assets!
“The ‘billion dollar in assets’ milestone is truly a monumental achievement,” said Geri LaChance, your SESLOC President and CEO. “Our growth is especially significant at a time when financial institution mergers and acquisitions are prevalent; SESLOC’s growth has been achieved organically, building healthy relationships with you and our community over decades.”
In 1942, ten San Luis Obispo educators met in the SLO High School library and formed SESLOC with $500 in assets, as a way for people to borrow at a reasonable rates under honest and fair conditions. While originally a credit union established just for educators, we expanded the charter in 2001 to offer affordable financial services to all residents of San Luis Obispo county, and then again in 2015 to those in Northern Santa Barbra county, growing to 56,000 members. SESLOC honors its educational roots by providing $20,000 a year in grants to local K-12 school teachers and offering ongoing financial wellness support for members.
“Our heart and focus is people and place; this Central Coast region that has supported the credit union’s positive growth for close to 80 years,” said LaChance.
Take a Look at SESLOC’s Colorful History
Proud to be the longest established credit union on the Central Coast.
1942
San Luis Obispo County Schools Credit Union is formed with $500 in assets.
1949
Name changed to School Employees of San Luis Obispo County Credit Union, and the acronym SESLOC
is adopted.
1955-60
Credit Union is run from the office drawer of an employee at the Cal Poly Campus.
1960
Cal Poly provides and official office, dedicated to the Credit Union on Campus.
1963
Assets top $1 million and future CEO, Bertha Foxford joins organization.
1971
SESLOC builds its first headquarters and branch on Peach Street.
1982
SESLOC reaches over 10,000 Members.
1987
SESLOC builds a new headquarters and branch on Los Osos Valley Road.
1990
SESLOC opens a satellite branch on Cal Poly Campus.
1995
SESLOC opens Paso Robles branch.
1997
SESLOC Opens Arroyo Grande branch.
1999
SESLOC begins offering online account transactions.
2001
Charter is changed to include all who live, work, worship, or attend school in the county.
2008
SESLOC opens Atascadero branch.
2009
SESLOC opens a larger Arroyo Grande branch.
2011
New President and CEO, Geri LaChance replaces former CEO Bertha Foxford, after 48 years of service.
2014
SLO Headquarters and branch move to current location.
2015
Charter changes to include North Santa Barbara County.
2016
SESLOC opens a branch in Santa Maria and moves the Paso Robles branch to a larger location.
2020
Assets top $1 billion.
