Schlumberger Employees Credit Union
Public records raise at least one point you should look into before giving.
What it says it does
Schlumberger Employees Credit Union (SECU) is a co-operative thrift institution, providing savings and loans to its members. SECU is a member of NCUA.
- Income
- $40.0 million
- Spending
- $24.8 million
- Employees
- 0
- Volunteers
- 8
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (6)
- Schlumberger Employees Credit Union (SECU) share/savings accounts offer advantages to all of the credit unions members. Member savings accounts earn dividends monthly. Members may access their accounts via the Shared Branch Network, home banking via the internet, in our office, or via ATMs worldwide.
- SECU provides checking accounts with various features for all of the credit unions 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, 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 unions loan types.
- $1.1 million spent. State Chartered Credit Union Unrelated Business
- Expenses: $1108658.00 including grants of: $0.00 Revenue: $827517.00
- State Chartered Credit Union Unrelated Business
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(14) credit union.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(14) credit union as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since June 1976.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.