The SESLOC Federal Credit Union branch in Paso Robles plans to move to a larger space across town at the end of January.
The new location at 705 Golden Hill Road will offer drive-through tellers and more parking, in addition to real estate and wealth management services, said Kelli Fite, senior vice president and chief operations officer. The Paso Robles branch is slated to open in the new space on Jan. 25.
The 5,000-square-foot location is more than double the size of the current branch at 1245 Spring St., according to a company news release. The new location was previously occupied by Rabobank.
Fite declined to disclose financial investments regarding the move. She noted that one additional full-time equivalent has been added to support the larger branch, and she expects to add more staff to serve growth at the new location. SESLOC has 130 employees. Seven and a half full-time equivalents work in the Paso Robles location.
The credit union hopes the move will be convenient for its growing membership, said Geri LaChance, president and chief executive officer, in a news release.
SESLOC began 2015 with 38,225 members and grew to 42,080 members by year end, Fite said.
Meanwhile, Founders Community Bank has purchased the current SESLOC Paso Robles branch site from SESLOC, said Gary Tanner, Founders’ chief operating officer. Tanner declined to disclose plans for the building.
SESLOC has $700 million in assets, according to the news release. The full-service financial institution has branch locations in San Luis Obispo, Paso Robles, Arroyo Grande and Atascadero. A new Santa Maria location is slated to open Feb. 1.