About SESLOC
Celebrating 80 years of service.
About SESLOC
Celebrating 80 years of service.
SESLOC is a not-for-profit financial institution on California’s central coast since 1942, now operating with six branches in San Luis Obispo, Paso Robles, Atascadero, Cal Poly, Arroyo Grande and Santa Maria. With assets of $1.2 billion, our 180 employees provide valuable financial and educational services to nearly 59,000 members. Our members are local, so money stays local, and SESLOC stays community-focused.
In 2022, we celebrated eight decades of service to the Central Coast.
Construction of the first SESLOC branch on Peach Street, San Luis Obispo in 1971.
Rooted in Academics
Ten San Luis Obispo residents gathered in 1942 to discuss forming a credit union. They wanted to provide a way for people of ordinary means to borrow at reasonable interest rates under thoroughly honest and fair conditions.
On January 8, 1943, thirty-two San Luis Obispo County school employees were present when Superintendent Charles E. Teach called the first official meeting to order. They held the first election and began operations with assets of just $500. Six years later the acronym SESLOC was adopted, which stands for: School Employees of San Luis Obispo County.
While originally for those in education, SESLOC now offers services to everyone who lives, works or attends school in San Luis Obispo, Santa Barbara, Ventura, Monterey, Santa Cruz, Tulare, Kern, Fresno and Kings counties.
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.
1955-1960
Credit Union is run from the office drawer of an employee at the Cal Poly Campus.
1960
Cal Poly provides an 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, SESLOC opens a Santa Maria branch.
2020
Assets top $1 billion.
2021
SESLOC returns to Cal Poly with a new branch to serve students, faculty and staff.
2024
SESLOC members vote to approve a conversion from a federal to state-chartered credit union, now known as SESLOC Credit Union. Membership is now open to anyone who lives, works or goes to school in San Luis Obispo, Santa Barbara, Ventura, Monterey, Santa Cruz, Tulare, Kern, Fresno and Kings counties.
What is a credit union?
Credit union members share a common bond, such as where they work or live. SESLOC serves those who live, work or attend school in San Luis Obispo, Santa Barbara, Ventura, Monterey, Santa Cruz, Tulare, Kern, Fresno and Kings counties. Our members are local, so money stays local, and SESLOC stays community focused.
Credit unions are cooperative financial institutions designed to give back to their members, not stockholders. Credit unions are not driven by profit. Credit unions have a volunteer Board of Directors, and profits are returned to members in the form of lower loan rates, higher savings rates, and lower cost services. The credit union philosophy that people are more important than profits benefits both the credit union members and their community.
READY TO JOIN US?
Skip a branch visit. Our online application takes just minutes.
Or, call us at (805) 543-1816 or visit any branch.
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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.
