1 billion in assets

SESLOC Tops One Billion in Assets

October 9, 2020
by Team SESLOC

#56,000MembersStrong #SESLOCProud

We’re excited to announce that as of September 30, 2020, we surpassed one billion dollars in assets!

“The ‘billion dollar in assets’ milestone is truly a monumental achievement,” said Geri LaChance, your SESLOC President and CEO. “Our growth is especially significant at a time when financial institution mergers and acquisitions are prevalent; SESLOC’s growth has been achieved organically, building healthy relationships with you and our community over decades.”

In 1942, ten San Luis Obispo educators met in the SLO High School library and formed SESLOC with $500 in assets, as a way for people to borrow at a reasonable rates under honest and fair conditions. While originally a credit union established just for educators, we expanded the charter in 2001 to offer affordable financial services to all residents of San Luis Obispo county, and then again in 2015 to those in Northern Santa Barbra county, growing to 56,000 members. SESLOC honors its educational roots by providing $20,000 a year in grants to local K-12 school teachers and offering ongoing financial wellness support for members.

“Our heart and focus is people and place; this Central Coast region that has supported the credit union’s positive growth for close to 80 years,” said LaChance.


Take a Look at SESLOC’s Colorful History

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 Federal Credit Union, and the acronym SESLOC
is adopted.

1955-60

Credit Union is run from the office drawer of an employee at the Cal Poly Campus.

1960

Cal Poly provides and 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.

2016

SESLOC opens a branch in Santa Maria and moves the Paso Robles branch to a larger location.

2020

Assets top $1 billion.

 

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