GreenPath Virtual Coach

NEW: GreenPath Virtual Financial Coach

SESLOC is partnering with GreenPath Financial Wellness to offer a Virtual Financial Coach — a convenient new way for credit union members to achieve their financial goals. The Virtual Financial Coach is an easy-to-use, friendly, chat-based support platform. Members may get personalized action plans and ongoing support to set and achieve their financial goals. They may… Read more »

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 »

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 »

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 »

Monitor credit score

How Closely Do I Need to Monitor My Credit Score?

First, let’s clear up a common misconception about credit scores. It’s often thought that you have just one singular score, or one for each of the three credit bureaus. The truth is that you actually have many credit scores. This is due to a number of factors: 3 Major Credit Bureaus There are three major… Read more »

Get a Fresh Start on Finances

Get a Fresh Start on Your Finances in 2021

ASK A FINANCIAL PLANNER There’s no doubt about it — last year was tumultuous. The coronavirus pandemic, a contentious election, and widespread protests were just some of the events that impacted our nation in 2020. Fortunately, the arrival of new vaccines has brought hope for a brighter 2021. If you are looking forward to a… Read more »

Tax Fraud

Tax Fraud: The IRS Dirty Dozen List

The Criminal Investigation (CI) unit is a special criminal division of the IRS. The CI is tasked with investigating and uncovering tax-related crimes and prosecuting these cases. Each year the CI provides the IRS an annual report detailing the work of the CI and highlighting their successes and enforcements related to tax and financial crimes…. Read more »