Lending to owners, not buyers
Purchases were only 9.5% of its 484 loans in 2025. Other-purpose loans made up 46.1%, home improvement 31.0% and refinances 13.4%. Every loan was conventional, with no government backing.
Applications / Mortgage Analytics / Lenders / California / Sesloc Credit Union
Sesloc Credit Union
San Luis Obispo, CA · Credit union · NCUA · $1.2 billion assets · 484 loans in 2025
Sesloc Credit Union's data, $215Buy the data, $2,110Get Jenner, the SAS-compatible software
484
loans originated, 2025
802
applications, 2025
1
states and territories
0
gaps bigger than at similar lenders
Our analysis, 2025
Sesloc Credit Union is the fifth-largest home lender around San Luis Obispo, and most of its loans go to people who already own their homes.
Fifth in its home market
In San Luis Obispo-Paso Robles it ranked fifth of 312 lenders, with 3.8% of lending, up from 3.6%. Guaranteed Rate and United Wholesale Mortgage led. It has lent there since 1994. Elsewhere it is small: 53rd of 339 in Santa Maria-Santa Barbara.
Larger loans than its peers
Its typical loan was $175,000, larger than at most similar lenders, credit unions making between half and twice as many loans, where $105,000 was typical. Jumbo loans, those larger than the conforming limit, were 3.2% of its lending, against 0.5% at the typical peer. Its higher-priced share, loans at a rate well above the average for similar loans, was 0.7%, lower than their 1.9%.
Faster growth
Its loans rose 13%, from 427 to 484, while similar lenders grew 6% and the whole market 10%. That was its second-highest count since 2018, after 636 in 2022.
Similar lenders: same lender type, originations between half and twice the lender's in the data year. Written from the 2025 HMDA data and checked figure by figure against it.
FIG. 1 — LOANS ORIGINATED, 2018–2025
484 loans in 2025, against a peak of 636 in 2022.
Originated means the loan was made: applications denied, withdrawn or not accepted are not counted. Sesloc Credit Union took 802 applications in 2025.
SOURCE: FFIEC HMDA, LOANS ORIGINATED (ACTION TAKEN: LOAN ORIGINATED)
FIG. 2 — PRODUCT MIX, 2025
46.1% of its 2025 loans were other loans; all were conventional loans.
Other 46.1% · Home improvement 31.0% · Refinance 13.4% · Purchase 9.5%
Conventional 100.0% · of 484 loans. Purchase: buying a home. Refinance: replacing an existing mortgage, including cash-out. FHA: insured by the Federal Housing Administration. VA: guaranteed by the Department of Veterans Affairs. Conventional: neither.
SOURCE: FFIEC HMDA 2025, LOANS ORIGINATED
Where it lends, 2025
1 state, 12 metros, 14 counties
| State | Loans | Share |
|---|---|---|
| California | 484 | 100.0% |
Largest metro areas, 2025
Loans originated
| Metro area | Loans |
|---|---|
| San Luis Obispo-Paso Robles | 387 |
| Santa Maria-Santa Barbara | 78 |
| Fresno | 3 |
| Los Angeles-Long Beach-Glendale | 3 |
| San Diego-Chula Vista-Carlsbad | 3 |
| Salinas | 2 |
| Visalia | 2 |
| Redding | 1 |
| Riverside-San Bernardino-Ontario | 1 |
| Sacramento-Roseville-Folsom | 1 |
Identifiers
| LEI (Legal Entity Identifier, the global company code HMDA has used since 2018) | 5493002LW7G8E8SHWC88 | 2018–2025 |
| RSSD (the Federal Reserve's identifier for banks and their parents) | 37079 | 2004–2023 |
| Respondent ID (the HMDA filer code before 2018) | 54980 | 1994–2017 |
Established 1 January 1942. Reported under HMDA 1994-2025.
Mergers, name changes, data editions and corrections: Sesloc Credit Union's data.
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