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
What are the reviews and ratings of this charity?
Schlumberger Employees Credit Union does not have a rating on Charity Navigator, primarily because it is not registered as a 501(c)(3) nonprofit organization. Charity Navigator typically evaluates organizations based on Accountability and Finance, but this entity doesn't qualify under their assessment guidelines. The absence of a rating doesn't imply a positive or negative status—it simply reflects the organization's distinct classification and lack of necessary IRS registration for evaluation.
The Credit Union is subordinate in a group ruling, differentiating its evaluation criteria and making it ineligible for Charity Navigator's broader methodology, including Impact & Measurement, Culture & Community, and Leadership & Adaptability. This reflects a limitation in being comprehensively reviewed by Charity Navigator due to its foundational status and lack of recent electronic Form 990 filings.
No user reviews are available on GreatNonprofits for Schlumberger Employees Credit Union. This absence of reviews limits community feedback that could offer personal insights into the organization's effectiveness or challenges.
This AI summary has been generated from information found on Charity Navigator.
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 tax deductible.
Heare 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?
There 9 volunteers at Schlumberger Employees Credit Union.
Here are 14 key members and their salaries (Schlumberger Employees Credit Union's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.secu.slb.com
Where can I find the form 990 for Schlumberger Employees Credit Union?
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.
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Impact
October, 2024
Schlumberger Employees Credit Union (SECU) significantly enhances the financial well-being of its members through accessible and low-cost financial services. Operating as a cooperative thrift institution, SECU offers a range of benefits, including share/savings accounts that earn dividends quarterly, empowering members to grow their savings effectively.
Members can conveniently access their accounts through the Shared Branch Network, home banking, or ATMs globally, ensuring they have flexible and reliable banking options. By focusing on serving the financial needs of Schlumberger employees and their families, SECU fosters a community-oriented environment that emphasizes cooperative growth and support. This mission not only benefits individual members but also contributes to a more financially educated and empowered community in Sugar Land, TX, and beyond.
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.
Financials
This financial information is from Propublica.
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
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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
Phone
(281) 285-4551Principal Officer
Harold E Ottis Jr
Main Address
205 Industrial Blvd, Sugar Land, TX, 77478
Website
www.secu.slb.comNTEE Category
Code: W60 - Public benefit
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