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Overview / Commentary
11491 Los Osos Valley Rd
San Luis Obispo, CA 93405-6428

Sesloc Credit Union is headquartered in San Luis Obispo and is the 61st largest credit union in the state of California. It is also the 362nd largest credit union in the nation. It was established in 1942 and as of March of 2014, it had grown to 100 employees and 36,486 members. Sesloc Credit Union's savings rates are 92% higher than the national average, and it 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 Q1 2014

Institution Health


Texas Ratio


The Texas Ratio is an indicator of how much capital a bank has available compared to the total value of loans considered at risk. As of March 31, 2014 Sesloc Credit Union had $1.01 million in non-current loans and owned real-estate with $55.54 million in equity and loan loss allowances on hand to cover it. This gives Sesloc Credit Union a Texas Ratio of 1.81% 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 dramatically from 4.97% as of March 31, 2013 to 1.81% as of March 31, 2014, resulting in a positive change of 63.54%.This indicates that the balance sheet and financial strength for Sesloc Credit Union has improved dramatically in recent periods.

Deposit Growth


In the past year, Sesloc Credit Union has increased its total deposits by $27.32 million, resulting in 5% 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 $628.97 million in assets with $55.54 million in equity, resulting in a capitalization level of 8.83%, which is average.

Institution Statistics

NCUA #4980
Year Chartered1942
Primary Regulator
Assets and Liabilities
Assets$628.97 million
Loans$324.55 million
Deposits$574.04 million
Equity Capital$52.84 million
Loan Loss Allowance$2.69 million
Unbacked Noncurrent Loans$1.01 million
Real Estate Owned$0
Historic Data - March 2013
Assets$597.64 million
Equity Capital$49.52 million
Loan Loss Allowance$5.13 million
Unbacked Noncurrent Loans$1.01 million
Real Estate Owned$0
Profit Margin - Quarterly
Net Interest Margin0.91%
Return on Assets0.24%
Return on Equity2.8%
Interest Income$3.80 million
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Sesloc Credit Union Savings Account Rates

1.00%--School Employees Level Pay Account
0.30%--IRA Share Savings
0.30%--Deferred Compensation
0.20%$50k-Share Savings Account
0.20%$50k-Christmas Club
0.20%$50k-Summer Pay Account

Sesloc Credit Union Checking Account Rates

0.20%$50k-Share Draft Checking

Sesloc Credit Union CD Rates

0.95%$1k-5 Year Share Certificate
0.85%$1k-4 Year Share Certificate
0.75%$1k-3 Year Share Certificate
0.70%$1k-2 Year Share Certificate
0.45%$1k-15 Month Share Certificate
0.45%$1k-18 Month Share Certificate
0.30%$1k-12 Month Share Certificate
0.30%$250-1 Year Building Block Share Certificate
0.20%$1k-6 Month Share Certificate

Sesloc Credit Union IRA Rates

1.26%$500-5 Year IRA
1.26%$500-5 Year Deferred Compensation
1.00%$500-4 Year IRA
1.00%$500-4 Year Deferred Compensation
0.85%$500-3 Year IRA
0.85%$500-3 Year Deferred Compensation
0.70%$500-2 Year IRA
0.70%$500-2 Year Deferred Compensation
0.50%$500-1 Year IRA
0.50%$500-1 Year Deferred Compensation

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