SESLOC

From Your CEO — Winter 2020

January 4, 2020
by Geri LaChance, Former President & CEO (Retired June 2024)

Happy New Year! Can you believe we just entered into a new decade?

As I reflect on the past 10 years, it has been filled with many changes in the credit union industry. All banks and credit unions were recovering from The Great Recession in the early years of the last decade as well as responding to new regulations being imposed on institutions.

About mid-decade, SESLOC made investments into infrastructure and technology with initiatives like the new headquarters campus, a core computer systems conversion, an enhanced online banking and bill payment system and an expanded charter allowing us to serve members from our newest branch in Santa Maria.

Building on that, we wrapped up the decade with several new products in mortgage lending, a new full line of business products and services, the Central Coast’s only free checking account — HomeFREE Checking — that gives debit rewards and identity theft services as a standard offering and most recently our Save to Win share certificate; a prize-linked savings account that offers the chance to win extra cash as increased deposits are made to the account.

As we navigate this decade, something that won’t change is our mission to help our members grow health savings habits. It is a frightening statistic that nearly half the adult population in the U.S. does not have basic savings to cover a $500 emergency, and financial stress is a leading cause of physical stress. We will continue to look for ways to encourage savings to help you build a safety cushion, to improve not only the health of your finances, but your lives.

The Save to Win program is new to California and to SESLOC, but it has helped credit union members in other states with programs save nearly $200 million over the past decade. Members can visit any branch to open a 12-month Save to Win Share Certificate. In December, we had five members with Save to Win accounts from Atascadero to Santa Maria win $25! The real value is the growth in their savings — you could be next!

Our commitment is to continue to provide value to our members and to our communities. Thanks for your loyalty!

 

 

Geri LaChance retired as President & CEO on June 18, 2024.
“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
SESLOC Credit Union
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