For the history: SLO Credit Union has been serving the Central Coast for over 65 years. With a long history of strength and stability, credit unions have weathered every financial storm since the Great Depression without costing taxpayers a dime.
For the membership: At SLO Credit Union, we don't have customers — we have members. Once you join, you become a member-owner of a local financial institution that offers most of the same products and services you find at large banks, plus extraordinary customer service.
For the savings: Credit Unions are not-for-profit cooperatives that exist only to serve the financial needs of their members-owners. Earnings are returned to members in the form of lower loan rates, higher savings rates, and lower fees.
For the service: Because credit unions are not-for-profit cooperatives, members receive exceptional personalized service, as well as expanding services, such as additional branches and ATMs.
For the loyalty: Only members can be on the Board of Directors, who have the power to direct policy. Only members can replace directors through a one-member, one-vote election structure.
For the safety & security: The National Credit Union Share Insurance Fund (NCUSIF) has had the strongest equity-to-insured risk ratio over the last decade of all federal deposit insurance funds. Not one penny of any insured savings has ever been lost by a member of a federally insured Credit Union.
For the location: SLO Credit Union is a truly local institution. All loan and account decisions are made right within San Luis Obispo.
To join, just stop in and complete a Member Application, open a SLO Savings account with a $5.00 minimum deposit, and pay a one-time membership fee.