Dec, 31, 2023 — SCHLUMBERGER EMPLOYEES CREDIT UNION is a federally insured state chartered credit union headquartered in SUGAR LAND, TX with 1 branch location and about $901.68 million in total assets. Opened 78 years ago in 1946, SCHLUMBERGER EMPLOYEES CREDIT UNION has about 27,923 members and employs 35 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | SCHLUMBERGER EMPLOYEES CREDIT UNION |
|---|---|
| Address: (Main Office) | 205 Industrial Blvd SUGAR LAND, TX 77478-3168 |
| Phone: | (281) 285-4551 |
| Fax: | (281) 285-4436 |
| Website: | https://www.secu.slb.com |
| Branches: | 1 branch locations |
| Members: | 27,923 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 67625 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1946 |
| Last Audited: | Jun 01, 2023 |
| FHLB Member: | No |
| Low Income Designation: | No |
| Assets: | $901,678,129 |
| CEO/Manager: | Harold E Ottis, Jr |
| Chairperson: | Joe Van Valkenburgh |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 71,503,767 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 145,478,412 |
| Unsecured Loans | 15,559,118 |
| Other Loans | 88,180,683 |
| TOTAL LOANS | 249,218,213 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -363,263 |
| Land And Building | 2,986,614 |
| Other Fixed Assets | 280,225 |
| NCUSIF Deposit | 6,232,475 |
| All Other Assets | 0 |
| TOTAL ASSETS | 901,678,129 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 0 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 6,273,089 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 192,984,604 |
| Regular shares | 463,490,744 |
| All Other Shares & Deposits | 45,478,726 |
| TOTAL SHARES & DEPOSITS | 701,954,074 |
| TOTAL LIABILITIES | 708,227,163 |
| Regular Reserve | 0 |
| Other Reserves | 10,998,738 |
| Undivided Earnings | 182,452,228 |
| TOTAL EQUITY | 193,450,966 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 901,678,129 |
| INCOME & EXPENSE | |
| Loan Income | 10,380,510 |
| Investment Income | 14,124,909 |
| Other Income | 5,862,692 |
| Total Employee Compensation & Benefits | 3,783,954 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 7,366,146 |
| Non-operating Income & (Expense) | 5,901 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 129,068 |
| Cost of Funds | 6,669,454 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 12,748,208 |
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