Author: Team SESLOC

Food Bank Fundraiser

Thank You For Supporting Our Local Food Banks!

SESLOC hosted a fundraiser for local food banks in May for the second year in a row. SESLOC, employees, and members raised over $14,000 combined for the SLO Food Bank and Food Bank of Santa Barbara County. Each dollar donated buys enough food for 8 meals, thanks to the Food Banks’ network of partners. Over… Read more »

Son Care Foundation

SESLOC Spotlight: Son Care Foundation

SESLOC Spotlight highlights local organizations that make the Central Coast the best place to live. The Son Care Foundation provides practical mentorship opportunities in our community and works with the incarcerated to train service dogs for veterans and first responders struggling with PTSD. Learn more about this nonprofit’s unique programs: Son Care Foundation Industry: Nonprofit… Read more »

Digital Wallet

The Rise of Digital Wallets and Contactless Transactions

You are standing in line at the pharmacy, ready to check out. While fumbling around in your purse for cash or a card, you notice the person in front of you has simply scanned their smartphone across the payment card reader. In a flash, they’ve paid for their merchandise and are out the door, leaving… Read more »

Retirement Confidence

Retirement Confidence Remains Strong, Despite Pandemic

ASK A FINANCIAL PLANNER Despite the economic shock of the coronavirus pandemic, American workers and retirees remain largely optimistic about their financial prospects for retirement. In its annual Retirement Confidence Survey conducted in January 2021, the Employee Benefit Research Institute (EBRI) found that 80% of retirees and 72% of workers were either very or somewhat… Read more »

Financial Facts

3 Tried & True Facts About Personal Finances

No matter your age or stage in life, it pays to know the facts about personal finances. When you understand the basics, you can set yourself up for success and build a healthy financial future. Here are three facts to know about personal finance to get on the right track. Fact #1: Good Financial Habits… Read more »

SESLOC Rewards for Father's Day

10 SESLOC Rewards for Father’s Day

Shopping for Father’s Day gifts? SESLOC Rewards now offers more gift cards to popular retailers! You can redeem your SESLOC HomeFREE Checking™ debit card and Visa Signature® Rewards card points for a gift card to give, or to use towards that perfect gift! Check out the top 10 SESLOC Rewards for Father’s Day. Not registered?… Read more »

CARES Act

American Families Plan Would Provide Benefits for Some, More Taxes for Others

On April 28, 2021, the White House released a fact sheet for President Biden’s American Families Plan (AFP), which proposes about $1 trillion in investments and $800 billion in tax cuts. There would also be tax increases for those making more than $400,000 per year. Major provisions proposed in the plan are summarized here, including… Read more »

Save to win

SESLOC Awards $2,500 Grand Prize to Central Coast Resident

In our recent Save to Win prize drawing, a member from our Santa Maria branch was the big winner of a $2,500 cash prize! Save to Win is a prize-linked savings account that offers the chance to win cash as increased deposits are made to the account. The program typically awards prizes from $25-500, however,… Read more »

New Times SLO

Voted #1 — Again!

For the fourteenth year in a row, readers of the New Times voted for SESLOC as their pick for Best Bank or Credit Union. Thank you to everyone who voted. We are humbled! Check out all of the winners » 

Inflation

Rising Inflation: Where Will It Go from Here?

ASK A FINANCIAL PLANNER In March 2021, the Consumer Price Index for All Urban Consumers (CPI-U) rose 0.6%, the largest one-month increase since August 2012. Over the previous 12 months, the increase was 2.6%, the highest year-over-year inflation rate since August 2018. (By contrast, inflation in 2020 was just 1.4%.)1 The annual increase in CPI-U… Read more »