Author: Team SESLOC

Fund college education

Should I Use My 401(k) to Fund My Child’s College Education?

ASK A FINANCIAL PLANNER You can, but it isn’t your best option. Your 401(k) plan should be dedicated primarily to your retirement. There are two primary drawbacks to using your 401(k) for college funding. First, if you withdraw funds from your 401(k) before you are 59½, you will owe a 10% premature distribution penalty on… Read more »

From Your CEO — Spring 2021

Welcome to spring on the Central Coast! A fresh, new season brings cautious optimism regarding the pandemic as more vaccines are made available; a light at the end of the tunnel for our local businesses and communities. Over the years, many of you have taken surveys based on your recent experience with the credit union…. Read more »

understanding Tax Brackets

Due Date for Federal Income Tax Returns and Payments Postponed to May 17

Due to the unusual conditions related to the coronavirus pandemic, the due date for individuals to file 2020 federal income tax returns and make tax payments has been postponed by the IRS from Thursday, April 15, 2021, to Monday, May 17, 2021. No interest, penalties, or additions to tax will be incurred by taxpayers during… Read more »

Camping

10 SESLOC Rewards for the Great Outdoors

Warm and sunny weather is on the horizon…. Thinking about making a reservation at one of our many local campgrounds to celebrate? You can redeem your SESLOC HomeFREE Checking™ debit card and Visa Signature® Rewards card points for merchandise and gift cards to outfit your next adventure! Check out the top 10 SESLOC Rewards for… Read more »

2020 Holiday Shopping Insights

Local Insights: 2020 Holiday Shopping

In January, we sent out our first ever Member Pulse Survey where we asked our valued SESLOC members about their shopping trends and habits over the recent holiday season. 885 responded, revealing five key takeaways into local spending. Read up to see how you can take action to tackle holiday debt or prepare for the… Read more »

Go Green This Spring

10 Ways to Go Green This Spring

On the Central Coast, “going green” means a lot of things — doing your part for the environment, supporting Cal Poly, hitting the green, saving your green (money), and eating your greens to maintain a healthy lifestyle. Whichever you prefer, here are a few ways to go green this spring: 1. Are You HomeFREE? SESLOC’s… Read more »

SESLOC Spotlight

SESLOC Spotlight: Ecologistics

SESLOC Spotlight highlights local organizations that make the Central Coast the best place to live. Ecologistics is a homegrown nonprofit promoting environmental sustainability through education and community partnerships. Stacey Hunt, CEO, explains how this group of passionate volunteers boosts local conservation efforts: Ecologistics Industry: Nonprofit Serving the Central Coast since: 2010 How many employees? None,… Read more »

CARES Act

American Rescue Plan Act Provides Relief to Individuals and Businesses

On Thursday, March 11, 2021, the American Rescue Plan Act of 2021 (ARPA 2021) was signed into law. This is a $1.9 trillion emergency relief package that includes payments to individuals and funding for federal programs, vaccines and testing, state and local governments, and schools. It is intended to assist individuals and businesses during the… Read more »

Preparing for Tax Season

Preparing to e-File Your Taxes?

Tax season is here again. e-Filing your return is convenient, secure, and allows your payment to process or refund to be deposited quicker than when filing by mail. Instructions for finding your SESLOC account information for withdrawal or deposit are below, as well as information on how to set up a custom alert to notify… Read more »

Vaccine Scams

Protecting Yourself From COVID-19 Vaccine Scams

The recent emergency approval and distribution of the COVID-19 vaccines have provided much-needed hope throughout the world. While drug companies, government, and healthcare organizations rush to get the masses vaccinated, unfortunately, but not surprisingly a new threat has developed – COVID-19 related scams. According to FBI Financial Crimes Section Chief Steven Merrill, “We’ve been concerned… Read more »