Credit unions are cooperative financial institutions designed to give back to their members, not stockholders. Credit unions are not driven by profit. Credit unions have a volunteer Board of Directors, and profits are returned to members in the form of lower loan rates, higher savings rates, and lower cost services. The credit union philosophy that people are more important than profits benefits both the credit union members and their community.
While originally for those in education, SESLOC now offers services to everyone who lives, works or attends school in San Luis Obispo and Northern Santa Barbara Counties, as well as their families. Today, with over 40,000 members and more than 75 years of service to the community, SESLOC retains its commitment to providing valued financial services and education with honesty and integrity.
