Credit Union to Provide On-Campus Retail Banking
SESLOC Federal Credit Union (SESLOC) has been selected to provide retail banking and ATM service on the Cal Poly campus with a new branch in the Julian A. McPhee University Union.
Associated Students, Inc. (ASI) manages and operates the University Union and worked with Cal Poly’s Strategic Business Services department on the contract that has SESLOC on campus for the next seven years. The branch office is slated to open in September.
SESLOC and Cal Poly have deep rooted history together as organizations. SESLOC previously had the branch in the University Union location until 2010.
The San Luis Obispo-headquartered credit union was selected as it has the scale, breadth of services, and technical ability to serve students, faculty, and staff. Plus, it has a long-term commitment of empowering its members through financial education.
“We’re very excited to be returning as the financial institution on campus,” stated Geri LaChance, SESLOC’s President and CEO. “Our expanded digital services will complement the full-service branch offerings, providing high-quality 24-hour convenience. We are also embracing the opportunity to improve the overall financial health of students with better budgeting and savings skills before they graduate and enter the workforce.”
SESLOC will offer a number of benefits to the university community beyond traditional banking services, such as paid internships, event sponsorships, advertising in student-run media outlets, a scholarship fund, and financial education opportunities.
Any new financial tools and resources will be available publicly to all young adults in the community, and exclusive student offers are in the works.
SESLOC is a not-for-profit financial institution on California’s central coast since 1942, now operating with five branches in San Luis Obispo, Paso Robles, Atascadero, Arroyo Grande and Santa Maria. With assets of $1.15 billion, their 160 employees provide valuable financial and educational services to 56,000 members. SESLOC membership is open to anyone who lives, works or goes to school in San Luis Obispo or Northern Santa Barbara County. For more information, please visit www.sesloc.org.
About Cal Poly
Founded in 1901 and part of the renowned California State University system since 1960, Cal Poly is a nationally ranked, four-year, comprehensive polytechnic public university located in San Luis Obispo, California. Known for its Learn by Doing approach, small class sizes, and open access to expert faculty, Cal Poly is a distinctive learning community whose 21,000 academically motivated students enjoy an unrivaled hands-on educational experience that prepares them to lead successful personal and professional lives.