Schlumberger Employees Credit Union

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 746050582 ✦ Sugar land, TX ✦ Designated as a 501(c)(14)

Overview

What is Schlumberger Employees Credit Union?

The Schlumberger Employees Credit Union (SECU) is a cooperative financial institution based in Sugar Land, Texas. With an address at 205 Industrial Blvd, they offer savings and loan services to their members. Their member savings accounts come with quarterly dividends, and members have access to various methods for managing their accounts, including the Shared Branch Network, internet and telephone banking, and ATMs worldwide. SECU is a member of the National Credit Union Administration (NCUA), ensuring its members affordable financial services.


Official website here: www.secu.slb.com

Is Schlumberger Employees Credit Union legitimate?

Schlumberger Employees Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Schlumberger Employees Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,237,590

For more financial information, click here


Official website here: www.secu.slb.com

What is the mission statement of Schlumberger Employees Credit Union?

Schlumberger Employees Credit Union functions as a cooperative thrift institution, catering to its members with affordable financial services. The credit union specializes in offering savings and loan facilities to its clientele. As a member of NCUA, it ensures the security and reliability of members' funds. The savings accounts with the credit union provide dividends on a regular quarterly basis. Members have the flexibility to manage their accounts using various channels such as the Shared Branch Network, home banking, or ATMs situated globally.


Official website here: www.secu.slb.com

Who is the CEO of Schlumberger Employees Credit Union?

Harold E Ottis Jr is the Presidentceo of Schlumberger Employees Credit Union. The CEO's salary of Schlumberger Employees Credit Union is $0 and their total compensation is $0.


Official website here: www.secu.slb.com

What is the revenue of Schlumberger Employees Credit Union?

Schlumberger Employees Credit Union's revenue in 2022 was $23,426,192.


Official website here: www.secu.slb.com

Who are the executives of Schlumberger Employees Credit Union and what are their salaries?

Here are 14 key members and their salaries (Schlumberger Employees Credit Union's CEO's salary is $0 and their total compensation is $0):

    Harold E Ottis Jr (Presidentceo)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Sprainis (Vp Lending)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Melanie Aguilar (Vp Cfo)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Pamela Mcmillin (Vp Operations)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rodney Hill (Vp Technology)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Joseph Van Valkenburgh (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jerry Harper (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • William Carpenter (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Robert Fons (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Sonny Johnston (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kannan Venkataraman (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jodie Lowry (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nadia Hasouris (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Nihal Wijeyesekera (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.secu.slb.com

    Where can I find the form 990 for Schlumberger Employees Credit Union?

    The Schlumberger Employees Credit Union’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.secu.slb.com

    Learn more at the official website: www.secu.slb.com

    Mission Statement of Schlumberger Employees Credit Union

    Schlumberger Employees Credit Union (SECU), a cooperative thrift institution, is dedicated to offering affordable financial services to its members. As a member of the National Credit Union Administration (NCUA), SECU provides savings and loan facilities to individuals associated with Schlumberger. The credit union's mission is to serve its members effectively, allowing them to enjoy the benefits of savings accounts that generate dividends on a regular basis.

    Members of SECU have the flexibility to manage their accounts through various channels. They can access their accounts through a Shared Branch Network, home banking via the internet or telephone, or visit the credit union's office. Additionally, members can utilize ATMs worldwide for seamless transactions. SECU's commitment to its members extends beyond financial services, as it strives to provide a convenient and accessible banking experience.

    Impact

    This information is meant to be a general summary of Schlumberger Employees Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Schlumberger Employees Credit Union's impact lies in providing low-cost financial services to its members. As a cooperative thrift institution, SECU offers share/savings accounts that provide advantages to all members. These accounts earn dividends quarterly, enabling members to save and grow their finances. Additionally, SECU members can access their accounts conveniently through various channels such as the Shared Branch Network, internet banking, telephone banking, in-person visits, and ATMs worldwide. Through its mission of providing savings and loans to its members, SECU plays a vital role in supporting the financial well-being of the Schlumberger community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $9,753,751
  • Program Service Revenue: $12,445,180
  • Gross Receipts: $23,426,192

    • Assets and Liabilities:
  • Total Assets: $926,614,366
  • Total Liabilities: $745,804,840
  • Net Assets: $180,809,526
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Interest on Loans

    Revenue

    $6,962,326

    Member Fees Charges

    Revenue

    $4,618,944

    Prgram Service Revenue

    Revenue

    $863,910

    Organization Details

    Founding Year

    1946

    Principal Officer

    Harold E Ottis Jr

    Main Address

    205 Industrial Blvd, Sugar Land, TX, 77478

    NTEE Category

    Code: W60 - Public benefit

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