Dec, 31, 2023 — SESLOC FEDERAL CREDIT UNION is a federal credit union headquartered in SAN LUIS OBISPO, CA with 6 branch locations and about $1.19 billion in total assets. Opened 82 years ago in 1942, SESLOC FEDERAL CREDIT UNION has about 58,124 members and employs 183 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
Name: | SESLOC FEDERAL CREDIT UNION |
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Address: (Main Office) | 3855 Broad St SAN LUIS OBISPO, CA 93401 |
Phone: | (805) 543-1816 |
Fax: | (805) 546-9622 |
Website: | https://www.sesloc.org |
Branches: | 6 branch locations |
Members: | 58,124 |
Credit Union Type: | Federal Credit Union |
Charter Number: | 4980 |
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Membership Type: | Community credit unions, urban or rural, other than those designated 'low income' |
Corporate Credit Union: | No |
Year Opened: | 1942 |
Last Audited: | Jun 01, 2023 |
FHLB Member: | Yes |
Low Income Designation: | No |
Assets: | $1,192,695,320 |
CEO/Manager: | Gerianne L La Chance |
Chairperson: | Tom Lebens |
ASSETS: | $ Amount |
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Cash & Equivalents | 55,589,031 |
TOTAL INVESTMENTS | 0 |
Loans Held for Sale | 0 |
Real Estate Loans | 619,658,558 |
Unsecured Loans | 41,634,443 |
Other Loans | 205,234,209 |
TOTAL LOANS | 866,527,210 |
(Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,722,000 |
Land And Building | 13,676,267 |
Other Fixed Assets | 8,751,581 |
NCUSIF Deposit | 9,652,175 |
All Other Assets | 353,936 |
TOTAL ASSETS | 1,192,695,320 |
LIABILITIES & CAPITAL: | |
Dividends Payable | 0 |
Notes & Interest Payable | 60,000,000 |
Accounts Payable & Other Liabilities | 19,622,294 |
Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
Share Drafts | 233,051,490 |
Regular shares | 535,965,244 |
All Other Shares & Deposits | 252,944,937 |
TOTAL SHARES & DEPOSITS | 1,021,961,671 |
TOTAL LIABILITIES | 1,101,583,965 |
Regular Reserve | 0 |
Other Reserves | -11,145,690 |
Undivided Earnings | 102,257,045 |
TOTAL EQUITY | 91,111,355 |
TOTAL LIABILITIES, SHARES, & EQUITY | 1,192,695,320 |
INCOME & EXPENSE | |
Loan Income | 40,531,148 |
Investment Income | 6,093,797 |
Other Income | 3,173,091 |
Total Employee Compensation & Benefits | 21,163,666 |
NCUSIF Premiums Expense | 0 |
Total Other Operating Expenses | 18,087,575 |
Non-operating Income & (Expense) | 123,244 |
NCUSIF Stabilization Income | N/A |
Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,329,812 |
Cost of Funds | 8,518,730 |
NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
Net Income (Loss) | 4,938,162 |
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