Last week, Wells Fargo announced they are discontinuing the personal line of credit and will be closing any existing credit lines — which may negatively impact the credit scores of affected customers. A line of credit is an unsecured revolving loan that offers the flexibility to borrow money at any time after it’s opened, commonly used for debt consolidation, home improvement projects, emergency cash flow, or for peace of mind.
Making deposits is easier than ever, with 5 ways to fund your account while skipping a branch visit. 1. Make a Mobile Deposit:
First, let’s clear up a common misconception about credit scores. It’s often thought that you have just one singular score, or one for each of the three credit bureaus. The truth is that you actually have many credit scores. This is due to a number of factors:
It can be difficult to know where to begin when you’re handling someone else’s financial affairs. Below you’ll find the answers to the most frequently asked questions, and we’re here to help in the branches or at (805) 543-1816 during this challenging time. We also recommend you contact your legal advisor for assistance, as needed.
An automobile accident can be a confusing and stressful event, but being prepared can help you remain calm. It’s important to know what to do immediately after an accident and what to do in the days following.
Whether you already have auto insurance or are considering buying some, you may be wondering how much is enough and which types of coverage you need. Here are a few tips to get you started:
One of the benefits of homeownership is equity. A Home Equity Line of Credit (HELOC) or a Home Equity Loan (also know as a second mortgage) allows a homeowner to borrow money using the home’s equity as collateral.
A home inspection is an important part of the buying process where an objective third-party performs a visible assessment of the property’s condition so you can make an informed decision about your purchase. After all, it’s one thing to plan for a fixer-upper and another to be surprised and saddled with expensive repairs. Here’s what you can expect from the inspection:
Credit card debt can feel overwhelming, but there are tools and resources available to get you back on the road to financial wellness. Consider these strategies for tackling credit card debt:
A HELOC, or Home Equity Line of Credit, leverages your home’s equity to give you more flexibility compared to other loans — you can borrow up to your maximum credit limit, when you need it, as you need it. Whether you’re planning a kitchen remodel, upgrading to energy efficient appliances, consolidating debt, or simply want the peace of mind that it’s there to cover an emergency, a HELOC is the perfect pairing for your mortgage.
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. We’re thrilled to introduce Ray Segovia, from the Guadalupe-Nipomo Dunes Center.
For a fifth year in a row, SESLOC held a fundraiser for the SLO Food Bank and Food Bank of Santa Barbara County this past May. With the support from employees and members, SESLOC raised $12,061.89.
On Friday, May 24, over 120 student leaders participating in the Week of Welcome (WOW) program were enriched by a financial wellness workshop hosted by SESLOC at the California Polytechnic State University (Cal Poly) campus in San Luis Obispo. The purpose of SESLOC and Cal Poly providing this workshop was to educate WOW leaders in practical and relevant financial education
On Monday, May 20, SESLOC Credit Union hosted a hands-on, real-world living and budgeting simulation event for 70 students at Central Coast New Tech High School in Nipomo. For this event, SESLOC partnered with Bite of Reality, an app that presents real-life scenarios of maintaining a budget, to improve the financial health and wellness of the Central Coast.
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. We’re thrilled to introduce Michael Camacho-Craft, from the Good Samaritan Shelter
