# SESLOC
SAN LUIS OBISPO, CA · NCUA charter 4980 · asset band $1-10B · latest filing 2023-12 · stopped filing after 2023-12 (departed; for a credit union that is almost always a merger)
Share link (named URL with a preview card): https://getbookiq.com/cu/sesloc-4980

Who the members are: federal charter, community charter, organized 1942, low-income designated. 58,124 members of 510,000 potential (11.4% of the field); checking penetration 71% (share draft accounts per 100 members); loans per 100 members 44.

**Verdict on the desk:** this could be *indirect buyer*. Composite score 3 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $1.19B |
| Members | 58,124 (0.8% YoY) |
| Full-time staff | 178 |
| Net worth | $104.0M |
| Net worth ratio | 8.7% (p12 of band) |
| ROA (annualized) | 0.41% (p28 of band) |
| Total delinquency | 0.52% (p43 of band) |
| Net charge-offs (annualized) | 0.20% (p27 of band) |
| Loans / shares | 85% (p37 of band) |
| Cash / assets | 4.7% |
| Borrowings / assets | 5.03% |
| Net interest margin | 3.19% (p74 of band) |
| Operating expense / assets | 3.29% (p68 of band) |
| Vehicles % of loans | 22% (p29 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 74% |
| Third-party paper % of net worth | 142% (p45 of band) |
| Vehicle delinquency | 0.92% (p69 of band) |
| Vehicle NCO | 0.54% (p49 of band) |
| Repossessed % of vehicle book | 0.19% (p82 of band) |
| Real estate % of loans | 58% |
| Credit cards % of loans | 3% |
| Unsecured % of loans | 5% |
| Commercial % of net worth | 115% |
| Core shares % of member funds | 75% |
| Certificates % of member funds | 18% |
| Average share balance | $8,616 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | – |
| Loans outstanding per 100 members | 44% |
| Loans granted per 100 members, annualized | 10% |
| Average loan balance | $34,133 |
| Loans granted, annualized | $207.3M |

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **leaning on borrowings** (`str_borrowings`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 2 | thin capital, 3rd-party paper>100% NW |  |
| 2016-06 | 2 |  |  |
| 2016-09 | 2 |  |  |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 1 |  | thin capital |
| 2018-03 | 1 |  |  |
| 2018-06 | 1 |  |  |
| 2018-09 | 1 |  |  |
| 2018-12 | 1 |  |  |
| 2019-03 | 1 |  |  |
| 2019-06 | 1 |  |  |
| 2019-09 | 1 |  |  |
| 2019-12 | 1 |  |  |
| 2020-03 | 1 |  |  |
| 2020-06 | 3 | net worth falling, margin squeeze |  |
| 2020-09 | 4 | thin capital |  |
| 2020-12 | 4 |  |  |
| 2021-03 | 4 |  |  |
| 2021-06 | 4 |  |  |
| 2021-09 | 3 |  | margin squeeze |
| 2021-12 | 3 |  |  |
| 2022-03 | 3 |  |  |
| 2022-06 | 2 |  | net worth falling |
| 2022-09 | 2 |  |  |
| 2022-12 | 2 |  |  |
| 2023-03 | 3 | delinquency rising |  |
| 2023-06 | 2 |  | delinquency rising |
| 2023-09 | 3 | delinquency rising |  |
| 2023-12 | 3 | leaning on borrowings | delinquency rising |

## In the news (Google News, unfiltered, newest first; check the city)

- 2025-12-31 [Truck crashes into SLO credit union patio. Driver arrested for DUI, police say - sanluisobispo.com](https://news.google.com/rss/articles/CBMid0FVX3lxTE9ab1VDY1JxZmlsWXc5cGdTMmtndjJlOGZ5QmVhN0ttUFFLcmgtbm9FaFNQQzVQZGp2enVyNmI2d2pKU09mZER3emQtQ25rSGg4YS1lbFctQ2xpcFUySVY1ZldtQ3ZsVjE0Tkh3UHlvTm9CQ3VQMWpZ0gF3QVVfeXFMTzlVZzc4NUNtR05IMmFzNHZ5cE1PcldQbjhINkhFbW5UWGItcm9oQjZrU3BQUmk4MWMtZ3NYNlg5cUhvWWZqcU5vb1FkcjRoSFBqVXFvdTREblVlbmdrUzVtMUp5MHZRdDdwN2Mta1RNTnZmVFQ3dlE?oc=5) · sanluisobispo.com
- 2025-03-07 [SESLOC welcomes New Chief Lending Officer, SVP of Human Resources and Talent Development - CUInsight](https://news.google.com/rss/articles/CBMixwFBVV95cUxOdmluWXFsS0R0X3lvUmNRbDdQa1RhWEtrdDhsSmVMbEVQZE9sa25sblpSVVlzbDNLUjRvMUQxTWd0b21BN2xZVloyY01rdGt4Yi1FeWMtdUZNM1EtSlZIVmJ1ekF0Znpud0NXV2gzZXlVS1ZWdzFkbW9td0VCa3luZl9fSWh2X0J0TU1JSDkzM3RDSTRrSzBULTZkbzFta0F3UnEyQ2VOYVdkSEdGNUlQRExVYUl2Rm9QSGdVMV9PMGdmWWljTXpB?oc=5) · CUInsight
- 2025-12-31 [Driver arrested following San Luis Obispo crash - KSBY News](https://news.google.com/rss/articles/CBMijAFBVV95cUxNYUpmUnU1OVRSSUhndlBXWjIybmpweFR4ZmRmTXhDa1Y4RUtOU2JVQmxvN21LSk01endlVTVqWHo3bWp3TkR2R2lIcnhDTzRST1V0cXl3RTBReFJDR2RXbzItR0JRNWtmN0w0b0xDcnR0cVZlaUdDVWU4SkNVT1QtSnhPeUZMOUdEWU01dA?oc=5) · KSBY News
- 2026-04-23 [CALM Holds Record-Breaking Let’s Get Loud Fundraiser with $125,000 Raised to Prevent and Treat Trauma - The Santa Barbara Independent](https://news.google.com/rss/articles/CBMi1AFBVV95cUxOcl9JZ1M2MFNsdWtjTE83T0ljRU9CdHktLWVMLVdHUTRnTXpNSWJqZU9PZXdQZjlqMGpMUnltMjI5QndSLTVDeVN2VFVKemVZOU9kVlQtMDkwM2wwa2VnWWQ4QUlmMWxIQm1qQWpaZHBtT1lyLUZaN0wtcEpTOVlBMEYwT1l1RDVwMU9uX1NlUkFvQjhlTU40MHpybU9ZRXd6eDZJU0FINWRna0V2M1oyNFVpbmN0ZGtmZGVMRk02SjdfWEYweHhDcTZZV2RGTUtLTnZsXw?oc=5) · The Santa Barbara Independent
- 2022-03-14 [SESLOC Federal Credit Union names Mike Quamma as Chief Financial Officer - CUInsight](https://news.google.com/rss/articles/CBMiswFBVV95cUxPWm90MUpiWXBvc01YUkYxVkJnbzBRaUxILXp3aTNLVFhCTlRoMG5OejVOc3A0Q01WekNvSG1JNHN4a0wzdjA2WnFlTXJJdmd0d25xV1NiMERLOEFySk0waTduRmdNVDlTODRmSFBGb2I1VWYyV0w5a1ZBNUhvQ2JzX0l2cVRDbzREVDl3TVRSQkVNNFhmY28tVUc1MVZQOXpRVnlkRjdwMlhaUGg3Q000TFFGVQ?oc=5) · CUInsight
- 2026-01-02 [Driver Arrested on Suspicion of DUI After Vehicle Crashes Into Outdoor Patio - edhat](https://news.google.com/rss/articles/CBMirAFBVV95cUxNZlZhZ0RtUjdlNGgybFFTNVRJWmpjRWlUSjlCVnpiYzdmTGZhUkRuUjJBYVhiNmpuTzlaYW9uSWFxSFU3dGpreTFvQ256MVp1VkRxZUJyYTNtNmlGVll5RE9hM0JoTTRDanc0MEtSMjhyVXgyS2VieXVWcUJBZERwR1RmTC1sVHVZcGNuaG05ci1PQnk1YU5memhyOFNoblN6TXd5LU5rNlBuSGR3?oc=5) · edhat
- 2026-01-19 [SLO Chamber of Commerce names citizen of the year. Here’s why she won - sanluisobispo.com](https://news.google.com/rss/articles/CBMib0FVX3lxTFBVekVhV3N6T1ExbFJpLTNMbTZQWTNQT2hNQ0dMeHMyaVY0VjRuVktkekxtVzRFQ1U5U2NDN3d1dzFsX2RfLUYzQkg1ODRpX012Q3JpaFZPN3paXzhTYS1ncG14X3RULTQ0X0hYVkxzSdIBb0FVX3lxTE1yQnFCTnVCeXJnNW1reGptVWVYbVFNZWZDdWpHVWRycU9MMjNFQjBlc3RWbDNBbVBDMGlwRjVtRFYtME1menZ1QmpzOTJ0b2Zwbl9MLUxnZDZPNEo2OU5yQ1A4NFlfSzVVd204YXBTaw?oc=5) · sanluisobispo.com
- 2024-05-03 [Christopher Meadows Obituary - CA - The Mercury News](https://news.google.com/rss/articles/CBMia0FVX3lxTE1OWTZ4SlRjOEFUU3F2Ym51RzNteTA0R3VqNFpRS1ZISlJhVjRKMWlLYXBsWTBMUnpzVmhybVJHb0JQN0NZeEZGU3pnX19tXzdlRW1jWDV3UTJicjFfV3Rid1Boek9MR2VfVnQ4?oc=5) · The Mercury News

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=4980 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/52.json (key "4980", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=4980
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide