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Financial Wellness
Jingle Bills: How to Avoid a Holiday Debt Hangover
If you’ve ever found yourself dreading your January credit card statements, you’re not alone. With thoughtful planning, you can keep your holiday joy intact without taking on holiday debt.
SESLOC Marks 5 Years of Impact with EverFi’s Financial Scholars Program
For five years, SESLOC has proudly sponsored EverFi’s Financial Scholars program, providing Central Coast high school students with practical, online financial education curriculum on topics like budgeting, credit, taxes, financing higher education, and more. Here are the program results from the 2023-2024 school year and the impact the program has made on students over the last half decade.
Reduction in Overdraft Fees: Helping Members Save Today, and Everyday
SESLOC is pleased to announce that as of November 1, 2024, there has been a reduction in overdraft fees. This change is part of our commitment to providing cost-effective solutions for our membership and community. These savings will be extended to members but will have the greatest impact on those facing financial challenges, who need a break from fees to begin saving and building healthy financial habits.
Establishing Financial Foundations: SESLOC Equips High Schoolers with Budgeting Skills
On Friday, October 11, SESLOC returned to Pacific Beach High School in San Luis Obispo for a second year to engage 55 students in the Bite of Reality simulation. This hands-on event immerses students in a realistic budgeting app, providing them with valuable insights into managing finances. Through interactive scenarios, participants learn to navigate the distinction between needs and wants, equipping them with essential budgeting skills for real life.
From 401(k)s to Roth IRAs: Demystifying Retirement Accounts
With so many responsibilities in our day-to-day lives, it is common to feel unprepared for the future. If you have ever caught yourself staring at your 401(k) statement blankly or questioning whether a Roth IRA is the right move, you are not alone. With guidance, these accounts can feel less daunting and more like tools you can confidently use to secure your future.
Finish Strong: End of the Year Money Moves for 2024
As the year comes to a close, it is essential to address your financial needs before the holiday rush begins and set yourself up for a successful 2025. Here are four steps to help you establish a solid financial foundation and enjoy a stress-free start to the new year.
5 Resources Available to Spanish-Speaking Members
SESLOC is dedicated to serving and supporting our local Hispanic community by developing products and services that enhance financial literacy and planning. In line with this commitment, here are five Spanish financial resources that cater to the specific needs of our Hispanic members.
Buy Now, Pay Later: The Cost of Convenience
“Buy Now, Pay Later” (BNPL) services have become increasingly popular, offering a tempting alternative to credit cards. A 2022 report from the Consumer Financial Protection Bureau found that from 2019 to 2021, the number of BNPL loans originated in the U.S. by the five lenders it surveyed grew from 16.8 million to 180 million, highlighting how appealing these services are to consumers.
Feeling Pressured by Influencers? Here’s How to Take Control
In today’s digital age, the rise of influencers has reshaped how we perceive ourselves and our financial standing. Social media platforms and reality TV shows often portray a glamorous lifestyle that many aspire to also achieve. However, beneath the surface, there’s a subtle yet powerful pressure to keep up financially, which can lead to significant challenges.
Recent News
SESLOC Members Break Shred Day Record in Tenth Year
For all of 2025, members shredded 191 bins at our six events across the Central Coast, for a grand total of 17.95 tons of documents destroyed.
SESLOC Expands Commercial Real Estate Lending Territory Across Central & Coastal California
To help even more projects get off the ground, we’re expanding our lending territory for commercial real estate loans. In addition to serving our home area of San Luis Obispo and Northern Santa Barbara counties, commercial real estate loans are now available to an expanded field of membership.
Auto Buyers Get Enhanced Resource with Expanded Preferred Dealer Program
SESLOC is making the experience even better for members shopping for a new auto across the Central Coast with the Preferred Dealer Program.
Celebrating National Cybersecurity Awareness Month with Tips Keeping You Safe
In the spirit of “People Helping People,” SESLOC marks National Cybersecurity Awareness Month to help you stay aware of cyber threats.
SESLOC Makes Emergency Loans Available After Government Shutdown
In the Credit Union spirit of “People Helping People,” we’re launching an Emergency Loan program designed to help members affected by the 2025 U.S. Federal Government Shutdown