Sep, 30, 2025 — SESLOC CREDIT UNION is a federally insured state chartered credit union headquartered in SAN LUIS OBISPO, CA with 6 branch locations and about $1.19 billion in total assets. Opened 84 years ago in 1942, SESLOC CREDIT UNION has about 55,640 members and employs 191 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 CREDIT UNION |
|---|---|
| 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: | 55,640 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 68741 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1942 |
| Last Audited: | Jun 01, 2025 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $1,192,851,195 |
| CEO/Manager: | Mike Quamma |
| Chairperson: | Tom Lebens |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 155,437,330 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 644,575,507 |
| Unsecured Loans | 50,901,310 |
| Other Loans | 183,009,841 |
| TOTAL LOANS | 878,486,658 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,769,000 |
| Land And Building | 12,855,541 |
| Other Fixed Assets | 6,514,337 |
| NCUSIF (National Credit Union Share Insurance Fund) Deposit | 9,189,523 |
| All Other Assets | 449,361 |
| TOTAL ASSETS | 1,192,851,195 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 22,133 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 16,262,203 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 236,003,132 |
| Regular shares | 480,385,578 |
| All Other Shares & Deposits | 350,074,784 |
| TOTAL SHARES & DEPOSITS | 1,066,463,494 |
| TOTAL LIABILITIES | 1,082,814,830 |
| Regular Reserve | 0 |
| Other Reserves | -2,329,720 |
| Undivided Earnings | 112,366,085 |
| TOTAL EQUITY | 110,036,365 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 1,192,851,195 |
| INCOME & EXPENSE | |
| Loan Income | 36,428,942 |
| Investment Income | 6,381,746 |
| Other Income | 1,613,060 |
| Total Employee Compensation & Benefits | 18,259,027 |
| NCUSIF (National Credit Union Share Insurance Fund) Premiums Expense | 0 |
| Total Other Operating Expenses | 14,604,454 |
| Non-operating Income & (Expense) | -8,546 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 2,172,240 |
| Cost of Funds | 10,087,123 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 4,180,681 |
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