Life Stage: Young Adult Archives

Tax-Advantaged Ways to Save for College

by Team SESLOC | Feb 4, 2022

In the college savings game, all strategies aren’t created equal. The best savings vehicles offer special tax advantages if the funds are used to pay for college. Tax-advantaged strategies are important because over time, you can potentially accumulate more money with a tax-advantaged investment compared to a taxable investment. Ideally, though, you’ll want to choose a savings vehicle that offers you the best combination of tax advantages, financial aid benefits, and flexibility, while meeting your overall investment needs.

Celebrate Your Birthday With These 5 Financial Wellness Tips

by Team SESLOC | Feb 1, 2022

Happy birthday! How are you celebrating? Whether you’re going all out or keeping it low-key, your birthday is the perfect time for a financial wellness checkup. Check out these five tips:

Employer Open Enrollment: Make Benefit Choices That Work for You

by Team SESLOC | Oct 29, 2021

Open enrollment is the window of time when employers introduce changes to their benefit offerings for the upcoming plan year. If you’re employed, this is your once-a-year chance to make important decisions that will affect your health-care choices and your finances.

Get Smart About Debt: 7 Tips to Help You Get Out of Debt NOW

by Team SESLOC | Jun 8, 2021

If you are dealing with debt, you aren’t alone. The average American household has an average balance of about $6,600 in credit card debt, and that’s not taking into account home, auto, and student loans. Paying off your debt isn’t always easy, but having a plan can go a long way in achieving your financial goals.

3 Tried & True Facts About Personal Finances

by Team SESLOC | May 21, 2021

No matter your age or stage in life, it pays to know the facts about personal finances. When you understand the basics, you can set yourself up for success and build a healthy financial future.

Beware of Lifestyle Creep

by Team SESLOC | Apr 16, 2021

Lifestyle creep, or lifestyle inflation, happens to the best of us. As your standard of living improves, your non-essential discretionary purchases gradually increase. You might even start to think your “wants” are “needs.” Some creep is natural and to be expected, but excessive creep can derail your finances.

Singing the Comparison Blues is the Theft of Joy (and Your Savings)

by Team SESLOC | Apr 15, 2021

Do you use others for the barometer of what you should have or deserve to have? Constant exposure to your friends’ vacations, experiences, dining out, luxury purchases, new cars, and house upgrades on social media amplifies “FOMO (fear of missing out)” and the desire to “keep up with the Jones’s.”

Financial Aid Changes on the Horizon

by Team SESLOC | Feb 1, 2021

The U.S. Department of Education has designated February as Financial Aid Awareness Month, and this year there’s a lot to talk about. On December 21, 2020, Congress passed the Consolidated Appropriations Act, 2021, another relief package in response to the pandemic. Included in the bill were several provisions related to education, including many changes to financial aid. Here are some key highlights.

Buying Your First Car? This is What You Need to Know:

by Team SESLOC | Jul 24, 2020

Shopping for your first car is exciting, but it can also feel intimidating. It’s a major commitment, but one that will give you the freedom to go where you want, when you want. Before you head to the car lot, set yourself up for success by following these steps:

Moving Out: What to Expect So You Don’t Break the Bank

by Team SESLOC | Jun 18, 2020

Moving out and on your own is an exciting step towards independence, but the financial responsibility can also be shocking if you’re not prepared. There are a lot of odds and ends that you need to plan for, as well as a lot of expected (and unexpected) costs associated with the move. Here are some tips to prepare:

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New Instant Funds Loan Empowers Individuals Facing Financial Emergencies

SESLOC Credit Union is thrilled to introduce the Instant Funds loans, a new short-term, small-dollar loans program designed to support individuals in need of emergency financial assistance. Keeping the credit union philosophy of “people helping people” in mind, we are introducing this product to ensure there is financial support for the underserved and underbanked in the Central Coast community.

SESLOC Cares for Community Award: Ray Segovia

We’re partnering with News Channel 12 to honor nonprofit volunteers who make our community thrive. Each month, we’re choosing a different nonprofit and asking them to select a valuable volunteer to receive the SESLOC Cares for Community Award. We’re thrilled to introduce Ray Segovia, from the Guadalupe-Nipomo Dunes Center.

Thank You for Your Support in Fighting Hunger Within Our Community!

For a fifth year in a row, SESLOC held a fundraiser for the SLO Food Bank and Food Bank of Santa Barbara County this past May. With the support from employees and members, SESLOC raised $12,061.89.

SESLOC’s Financial Wellness Workshop Empowers Cal Poly Students

On Friday, May 24, over 120 student leaders participating in the Week of Welcome (WOW) program were enriched by a financial wellness workshop hosted by SESLOC at the California Polytechnic State University (Cal Poly) campus in San Luis Obispo. The purpose of SESLOC and Cal Poly providing this workshop was to educate WOW leaders in practical and relevant financial education

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.

“Great alternative to big corporate banks that profess to also be “people” but don’t remind you of any person that ever cared about you in the least.”

Shawn

"We've been members of SESLOC since 1972. It was refreshingly user-friendly then and that attitude continues to this day."

Dan

"Excellent place for depository accounts and loans. Low rates, one of the best online financial services and the people there are friendly... It truly feels like a hometown credit union."

Mary

"All of the employees are always professional and greet everyone with a smile. On top of banking, I have used them for auto loans in the past and have always been happy with the rates and service."

Jennie

"SESLOC has always come through for us, whether it is for car loans, mortgage loans or refinancing. The staff are attentive and friendly, their rates good. SESLOC is our bank for everything."

Mary

"Love this bank! 🤗😁👍 The workers are sooo nice and friendly!!"

Lanie

"The best place to go. Will never go anywhere else for financing my vehicles. Fast, easy, and friendly."

Greg

"I love my credit union because they are straightforward and helpful. I appreciate the many ways that they support financial literacy in the community."

Stacey

"This credit Union Rocks just like Incubus."

Aja

Life Stage: Young Adult