SESLOC Federal Credit Union


Overview / Commentary
805-543-1816
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 361st largest credit union in the nation. It was established in 1942 and as of June of 2022, it had grown to 178 employees and 56,859 members at 8 locations. SESLOC Federal Credit Union has an A health rating.

Field of Membership Restrictions

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

Reviews (1)

Disappointed

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

Health Grade Components

Overall
NCUA #4980
Year Chartered1942
Employees178
Primary Regulator
Profit Margin
Return on Assets - YTD0.3%
Return on Equity - YTD4.47%
Annual Interest Income$15.7MM
Assets and Liabilities
AssetsQ2 2022vs Q2 2021$1.22B$1.13B
LoansQ2 2022vs Q2 2021$748.3MM$685.3MM
DepositsQ2 2022vs Q2 2021$1.12B$1.03B
Equity CapitalQ2 2022vs Q2 2021$82.1MM$92.6MM
Loan Loss AllowanceQ2 2022vs Q2 2021$4.9MM$5.2MM
Unbacked Noncurrent LoansQ2 2022vs Q2 2021$2.2MM$3.0MM
Real Estate OwnedQ2 2022vs Q2 2021$0$0
Rates

Rates for SESLOC Federal Credit Union are currently being reviewed.

Locations


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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