2024-05-07T09:00:14-05:00 2023-12-31 990 2023-01-01 746050582 Schlumberger Employees Credit Union % Harold E Ottis Jr SCHL 2812854551 205 Industrial Blvd Sugar Land TX 77478 HAROLD E OTTIS JR President 2812858709 2024-05-07 HAROLD OTTIS JR 999009999 false 1 AAL2 IAL1 2023 2023-04-26 12:10:37Z HAROLD E OTTIS JR 205 Industrial Blvd Sugar Land TX 77478 30696831 false 2742 X secu.slb.com X State Chartered CU 1946 TX To provide lowcost financial services to members Schlumberger Employees CU is a cooperative thrift institution a member of NCUA 9 9 0 9 950805 0 12445180 16243202 9753751 14124909 1227261 328720 23426192 30696831 0 2465636 6669395 3237590 3783954 0 0 6635588 7495274 12338814 17948623 11087378 12748208 926614366 901677298 745804840 708226332 180809526 193450966 X Schlumberger Employees Credit Union (SECU) is a co-operative thrift institution, providing savings and loans to its members. SECU is a member of NCUA. false false Schlumberger Employees Credit Union (SECU) share/savings accounts offer advantages to all of the credit union's members. Member savings accounts earn dividends quarterly. Members may access their accounts via the Shared Branch Network, home banking via the internet or telephone, in our office, or via ATMs worldwide. SECU provides checking accounts with various features for all of the credit union's members. Features range from accounts with no monthly service charges to accounts with enhanced benefits. Members may access their checking accounts via debit card, via the internet or telephone, in our office, or via ATMs worldwide. Also available is the ability for members to pay bills via the home banking bill payer platform. This service is free of charge. Since its inception, SECU has provided low-cost loans to its members. The consumer loan product line includes efficient underwriting via a secure online application process and competitive offerings for vehicles, boats, and motorcycles. Credit Life & Disability Debt protection is available for any of the credit union's loan types. 1322974 950805 State Chartered Credit Union Unrelated Business 1322974 950805 1322974 false false false false false false false false false false true true false false true false false false false false false false false false false false false false false false false false false true false false false false false false false false false false false false true 0 0 true 0 true true false false false false false false false false X 9 9 false false false false true true false true true false false false true true true true true true true false X X HAROLD E OTTIS JR 2812858709 205 Industrial Blvd Sugar Land TX 77478 X HAROLD E OTTIS JR PresidentCEO 40.00 X 0 0 0 MARK SPRAINIS VP Lending 40.00 X 0 0 0 MELANIE AGUILAR VP CFO 40.00 X 0 0 0 PAMELA MCMILLIN VP Operations 40.00 X 0 0 0 RODNEY HILL VP Technology 40.00 X 0 0 0 JOSEPH VAN VALKENBURGH Board Member 5.000 X X 0 0 0 JERRY HARPER Board Member 5.000 X 0 0 0 ROBERT FONS Board Member 5.000 X 0 0 0 SONNY JOHNSTON Board Member 5.000 X X 0 0 0 KANNAN VENKATARAMAN Board Member 5.000 X X 0 0 0 JODIE LOWRY Board Member 5.000 X 0 0 0 NADIA HASOURIS Board Member 5.000 X X 0 0 0 NIHAL WIJEYESEKERA Board Member 5.000 X 0 0 0 JOHN ZARNOWIECKI Board Member 5.000 X 0 0 0 false false false Interest on Loans 522100 10380510 10380510 Member Fees Charges 522100 4911887 4911887 Program Service Revenue 522100 950805 950805 16243202 14124909 14124909 0 Misc. Operating Income 522100 328720 328720 328720 30696831 15621117 950805 14124909 X 6669395 3783954 3639500 93997 416183 1810635 304632 10598 59 83900 79612 Prov for Loan Loss/Serv 256813 Warr/GAP/Credit Life 496933 State Operating Fee 65120 Over and Short -37 237329 17948623 0 0 0 88420811 70640058 400760 389427 187282564 248464692 5049779 1782939 3484021 3266840 633233914 559614314 8068185 6832475 5724111 12469492 926614366 901677298 5471514 6273089 740333326 701953243 745804840 708226332 X 180809526 193450966 180809526 193450966 926614366 901677298 12748208 X false false false false false false false false false false 3945080 958466 2986614 1104699 824473 280226 3266840 Federal Agency Securities 471341723 F US Government Obligations 88272591 F 559614314 NCUA Capitalization Depos 6232475 Catalyst Perp Capital 600000 6832475 Accrued Income 2449469 Other Assets 10020023 12469492 Shares and Deposits 701953243 701953243 false false false false false false HILL Key Empl VISA CC X 1214 false false true FONS Board Mbr VISA CC X 3980 false false true WIJEYESEKERA Board Mbr VISA CC X 76 false false true VAN VALKENBURGH Board Mbr VISA CC X 5231 false false true JOHNSTON Board Mbr Used Auto X 39306 15212 false false true OTTIS Key Empl Mortgage X 380000 363714 false false true false false false false false false false false false false false false 389427 false false false false false false false false false false Part VI Line 6 As a state-chartered credit union, SECU has members. Each member has one Part VI Line 6 share of ownership in the credit union. SECU had 27,923 members (Dec. 2023) Part VI Line 7a Each member of the Credit Union has one vote regarding the election Part VI Line 7a of the Board of Directors; members vote annually to elect Board members. Part VI Line 11b Schlumberger Employees Credit Union's President has reviewed the Part VI Line 11b information on the return prior to filing. Part VI Line 12c All SECU employees are employees of the sponsor company, Schlumberger Part VI Line 12c Technology Corporation. SECU employees adhere to the sponsor's policies. Part VI Line 15a or b SECU employees salaries and salary increases are determined by the sponsor, Part VI Line 15a or b Schlumberger Technology Corp. Performance is reviewed annually. Part VI Line 19 All of SECU's documents that are open to the public are made available upon Part VI Line 19 request. This information is on the Credit Union's website. Part IX Line 11g Visa Processing Total expenses - $2776381.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00 Part IX Line 11g Prof & Outside Services Total expenses - $457551.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00 Part IX Line 11g Audit/Legal Services Total expenses - $71138.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00 Part IX Line 11g ATM Expenses Total expenses - $116713.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00 Part IX Line 11g Record Retention Total expenses - $43073.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00 Part IX Line 11g LSI Total expenses - $174644.00 Program service expenses - $0.00 Mgmt and general expenses - $0.00 Fundraising expenses - $0.00 Part III Line 4d Expenses: $1322974.00 including grants of: $0.00 Revenue: $950805.00 Part III Line 4d State Chartered Credit Union Unrelated Business