Ten San Luis Obispo residents gathered in 1942 to discuss forming a credit union. They wanted to provide a way for people of ordinary means to borrow at reasonable interest rates under thoroughly honest and fair conditions.
On January 8, 1943, thirty-two San Luis Obispo County school employees were present when Superintendent Charles E. Teach called the first official meeting to order. They held the first election and began operations with assets of just $500. Six years later the acronym SESLOC was adopted, which stands for: School Employees of San Luis Obispo County.
While originally for those in education, SESLOC now offers services to everyone who lives, works or attends school in San Luis Obispo and Northern Santa Barbara Counties, as well as their families. Today, with over 56,000 members and over 80 years of service to the community, SESLOC retains its commitment to providing valued financial services and education with honesty and integrity.