Author: Team SESLOC

From Your CEO — Spring 2020

This note is being written on March 25, and the one thing I know is that our situation will likely be different the day you are reading this. News and caution regarding the COVID-19 pandemic has grown and changed every day. These are unsettling times that we haven’t experienced before. For perspective, I’d like to… Read more »

Bear Markets Come and Go

Bear Markets Come and Go

ASK A FINANCIAL PLANNER The longest bull market in history lasted almost 11 years before coronavirus fears and the realities of a seriously disrupted U.S. economy brought it to an end. If you are losing sleep over volatility driven by a cascade of disheartening news, it may help to remember that the stock market is… Read more »

Youth Activity Book Shellebrate Savings

“Shell”ebrate Savings — Youth Coloring & Activity Book

Download ‘Shell’ebrate Savings, a fun activity book filled with coloring pages, puzzles, and more! Financial education is important, and it’s never too early to start. ‘Shell’ebrate Savings is an under-the-sea themed introduction to money concepts like saving and budgeting. Check out more fun online tools to teach kids about money.     

Online Educational Resources for Youth

Fun Online Tools to Teach Kids about Money [Includes Printable Downloads]

Financial education is important, and it’s never too early to start. At SESLOC, we make learning fun with activities to help your kids learn the value of money and the importance of growing their savings. Help them develop habits now for a lifetime of financial wellness. Check back to see what’s new! For Kids: Fun… Read more »

Teaching Kids About Money

5 Ways to Teach Your Kids Financial Health Habits

When should you start teaching your kids about money? Early — because the skills and habits they learn now can have a tremendous impact down the road. According to a Cambridge University study, children develop critical financial skills and habits by the time they turn seven. This includes understanding the principles of counting, earning, and… Read more »

Loan Support

Special Loan Assistance Programs for Members in Need due to COVID-19

We understand that the rapidly changing COVID-19 pandemic is negatively affecting our members and we want to help. For members who are experiencing difficulty making their loan payments, we have a simple and streamlined process to request to defer payments on eligible mortgage and consumer loans. Plus, we are offering low-rate emergency loans. Please visit our… Read more »

Cybersecurity

Fraud Advisory: Scammers Exploiting COVID-19 Crisis

SESLOC is committed to safeguarding the physical and financial health of our members, staff and communities. During this vulnerable time, scammers and cyber criminals may try to take advantage of your concerns related to the Coronavirus (COVID-19) pandemic. They may offer you fake products, medical advice, create fake charities, or compel you to click a… Read more »

Should I Invest or Pay Off Debt?

Should I Invest My Extra Cash or Use it to Pay Off Debt?

ASK A FINANCIAL PLANNER To answer this question, you must decide how your money can work best for you. Compare the money you might earn on other investments with the money you would pay on your debt. If you would earn less on investments than you would pay on debts, you should pay off debt…. Read more »

College Saving Options

College Saving Options

ASK A FINANCIAL PLANNER For the 2019-2020 college year, the average annual cost of attendance (known as the COA) at a four-year public college for in-state students was $26,590, the average cost at a four-year college for out-of-state students was $42,970, and the average cost at a four-year private college was $53,980. The COA figure… Read more »

SESLOC Partners With SLO Children's Museum to Provide Busy Box

SESLOC Partnering With SLO Children’s Museum to Provide “Busy Boxes” for Families

Update 3/19/2020: Due to the shelter-in-place guidelines for San Luis Obispo county, the San Luis Obispo Children’s Museum will not be able to distribute more boxes as it’s not an essential service. We’d like to thank the hard working staff for making all of the boxes! SESLOC has partnered with the San Luis Obispo Children’s… Read more »