In December 2022, Congress passed the SECURE 2.0 Act. It introduced two new rules relating to 529 plans and student debt that will take effect in 2024. The first provision allows for tax- and penalty-free rollovers from a 529 plan to a Roth IRA. The second provision allows student loan payments made by employees to qualify for employer retirement matching contributions. The overall goal is to help young adults start saving for retirement.
SESLOC hosted a fundraiser for local food banks in May for the second year in a row. SESLOC, employees, and members raised over $14,000 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.
Here is a brief look at some of the tax perks, rule changes, and incentives included in the legislation.
Few things stoke wanderlust like longer days and warmer temps. But before you deep dive into summer travel — and your wallet — check out these tips that can help you have fun in the sun without breaking the bank.
eBills make it easy to choose how much you would like to pay. The bill will have a button you can select to pay the minimum amount due or the entire statement amount. Or, select Enter Custom Amount to input what you would like to...
1. On the Bills & Payments tab, select the Pay Additional Billers button to access the multi-pay feature: 2. This will allow you to select additional billers. Simply add payment details for each item you wish to pay....
SESLOC Spotlight highlights local organizations that make the Central Coast the best place to live. Today we’re shining the spotlight on Bridge of Hope.
Identity theft is a type of crime where someone obtains another person’s personal information without their permission or knowledge and uses that information to commit fraud or other illegal activities. The personal information that is commonly targeted includes names, addresses, birthdates, Social Security numbers, credit card numbers, and bank account information.
Online Banking enhancements available May 15, 2023.
If you have more than one checking account, you can choose which account you would like to draw from when setting up a new payment. On the Manage Billers tab select the Pay button on the biller you would like to set up a payment for. You will be asked to select which...
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. In April, we...
SESLOC employees saved 6.1 tons of carbon dioxide from entering our local air during the first quarter of 2023 by using alternative commute methods like riding a bike, taking the bus or carpooling, and telecommuting. Reducing our carbon footprint is an important part...
We donated $40,000 to 80 local nonprofits in celebration of our 80th anniversary in 2022. Throughout the year-long celebration, our amazing staff nominated their favorite organizations to receive a $500 donation — a nod to the amount the credit union was founded with in 1942.
We’re pleased to announce the appointment of Chris Datu, a registered financial advisor with SESLOC’s broker/dealer CUSO Financial Services, L.P.* (CFS), to SESLOC’s Wealth Management program.
We want to share with you how SESLOC and other credit unions stand out as a reliable and secure option for consumers and small businesses in our local communities.
