SESLOC Federal Credit Union

Overview / Commentary
3855 Broad St
San Luis Obispo, CA 93401

SESLOC Federal Credit Union is headquartered in San Luis Obispo and is the 54th largest credit union in the state of California. It is also the 379th largest credit union in the nation. It was established in 1942 and as of September of 2023, it had grown to 177 employees and 58,245 members at 8 locations. SESLOC Federal Credit Union has a B health rating.

Field of Membership Restrictions

Membership in Sesloc Federal Credit Union is open to those who live, work or attend school in the California counties of San Luis Obispo or northern Santa Barbara, and immediate family of existing members.
See current membership details

Reviews (1)


I have been a member of SESLOC Credit Union for almost 30 years. My credit score is just over 700 and my credit report will verify that I pay ALL my bills on time, every time.
So when I applied for a personal loan to consolidate my credit card debt that I have accrued before and during the pandemic, I thought my chances were pretty good. Currently, I pay more in credit card payments than I do for rent. I know that if I can consolidate those payments into just one, I can have a little left over every month to buy things like FOOD or perhaps handle an unexpected expense, like car repairs. If I can pay what I'm paying now, I can certainly pay a loan payment - which, according to their own loan calculator, would be 1/2 what I'm paying now.
But NO. And my car wasn't good enough for collateral. They want me to find someone with a "good" income to co-sign. WE ARE JUST COMING OUT OF A PANDEMIC. I don't know anyone with a "good" income anymore.
I am so upset. I feel like my good credit rating, flawless payment history, and 30 year membership at their institution should qualify me for CREDIT from a CREDIT UNION.


Health Grade Components

NCUA #4980
Year Chartered1942
Primary Regulator
Profit Margin
Return on Assets - YTD0.43%
Return on Equity - YTD6.04%
Annual Interest Income$34.3MM
Assets and Liabilities
AssetsQ3 2023vs Q3 2022$1.2B$1.21B
LoansQ3 2023vs Q3 2022$866.5MM$791.8MM
DepositsQ3 2023vs Q3 2022$1.04B$1.12B
Equity CapitalQ3 2023vs Q3 2022$84.9MM$76.4MM
Loan Loss AllowanceQ3 2023vs Q3 2022$7.6MM$5.2MM
Unbacked Noncurrent LoansQ3 2023vs Q3 2022$4.4MM$2.5MM
Real Estate OwnedQ3 2023vs Q3 2022$0$0

Rates for SESLOC Federal Credit Union are currently being reviewed.


SESLOC Federal Credit Union Locations
Branch Office1399 E Grand AveArroyo Grande, CA 93420-2421
Branch Office8380 El Camino RealAtascadero, CA 93422-5324
Branch Office3807 BROAD STSAN LUIS OBISPO, CA 93401
Branch Office705 Golden Hill RdPaso Robles, CA 93446-3057
Corporate Office3855 BROAD STSAN LUIS OBISPO, CA 93401
Branch Office2506 S BroadwaySanta Maria, CA 93454
Corporate Office2625 S Miller St Ste 102-105Santa Maria, CA 93455
Branch Office1 Grand Ave Bldg 65 Room 103San Luis Obispo, CA 93407

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