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P.O. Box 5360
San Luis Obispo, CA 93403

Sesloc Credit Union is headquartered in SAN LUIS OBISPO and is the 62nd largest credit union in the state of California. It is also the 361st largest credit union in the nation. It was established in 1942 and as of December of 2013, it had grown to 92 employees and 35,992 members. Sesloc Credit Union has a A health rating.

Field of Membership Restrictions

Must live, work, worship or attend school in San Luis Obispo County. - See Details

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Data for Q4 2013

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2013 Sesloc Credit Union had $2.11 million in non-current loans and owned real-estate with $54.92 million in equity and loan loss allowances on hand to cover it. This gives Sesloc Credit Union a Texas Ratio of 3.84% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.

Texas Ratio Trend


The Texas Ratio for Sesloc Credit Union decreased slightly from 5.08% as of December 31, 2012 to 3.84% as of December 31, 2013, resulting in a positive change of 24.38%.This indicates that the balance sheet and financial strength for Sesloc Credit Union has improved slightly in recent periods.

Deposit Growth


In the past year, Sesloc Credit Union has increased its total deposits by $21.52 million, resulting in 4% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Sesloc Credit Union has shown is excellent.



Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Sesloc Credit Union has $613.22 million in assets with $54.92 million in equity, resulting in a capitalization level of 8.96%, which is average.

Institution Statistics

NCUA #4980
Year Chartered1942
Primary Regulator
Assets and Liabilities
Assets$613.22 million
Loans$325.04 million
Deposits$559.07 million
Equity Capital$52.09 million
Loan Loss Allowance$2.83 million
Unbacked Noncurrent Loans$2.11 million
Real Estate Owned$0
Historic Data - December 2012
Assets$587.69 million
Equity Capital$48.73 million
Loan Loss Allowance$5.29 million
Unbacked Noncurrent Loans$2.11 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin3.64%
Return on Assets0.94%
Return on Equity11.02%
Interest Income$15.38 million

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Sesloc Credit Union Locations
Branch Office1399 E Grand AveArroyo Grande, CA 93420-2421
Branch Office8380 El Camino RealAtascadero, CA 93422-5324
Branch Office11491 Los Osos Valley RdSan Luis Obispo, CA 93405-6428
Branch Office1245 Spring StPaso Robles, CA 93446-2245