A Quarterly Publication for the Members of Schlumberger Employees Credit Union • Summer 2017

We are proud to announce the arrival of our new Net24 internet banking service. This new system features an interface that better integrates online and mobile banking, payments, and personal financial management (PFM). In addition to standard features: account summary, transaction history, cleared checks viewing, Quicken interface, bill pay, loan and wire forms, secure mail, check re-ordering, stop payment, and eStatements; the new Net24 system also features:

Pay People Easy, fast and secure online personal payment (P2P) service. Send or receive money quickly.

Trends Personal Financial Management (PFM) allows you to aggregate and manage your financial data all in one place.

TransferNow Interbank Account-to-Account (A2A) funds transfer service, using ACH (Automated Clearing House), and real-time risk management tools. 0503

Quick Transfers Drag and drop account icon over transfer account to move funds between accounts.

Security Enhancements - Out-of-Band (OOB) phone or text communications, required during

registration and when updating personal information.- reCAPTCHATM image translation (defeats robotic computer login attempts).

New Net24 Mobile App

In addition to standard features: Account summary, transaction history, funds transfer, mobile check deposit, bill pay, surcharge-free ATM and Shared Branch locations lookup; new features include:

1) Net24 registration 2) Touch ID biometric login 3) Instant account balances without login 4) Payments: Popmoney (P2P) and bill capture 5) TransferNow interbank funds transfers (A2A) 6) Loan applications (personal info pre-filled).

New Net24 Internet Banking Service

From the President: Your credit union remains strong through May YTD with $828.9 million in assets, and 31,476 members. Our capital has grown 5.21% to $106.8 million, yielding a net worth ratio of 12.89%, which is more than adequate safety margin as per NCUA (National Credit Union Administration – the Federal regulatory agency that insures credit unions) requirements.

SECU remains 5-Stars rated for the 54th consecutive quarter through June 2017. The 5-Stars rating is the highest rating offered by BauerFinancial, Inc., indicating that SECU is one of the safest financial institutions in the U.S.

With the summer vacation season upon us, please make sure to notify SECU in advance of your out-of-country travel plans via Net24 mail, using subject: Travel Notice, and in the body: provide the date range you plan to travel and countries you plan to visit. This will help insure that your trip goes uninterrupted, minimizing any inconvenient calls from our card fraud prevention center. 0618

Technology UpdatesWe are proud to announce our new Net24 internet banking system, featuring an interface that deeply integrates online banking and payments (person-to-person, bill pay, and interbank account-to-account), as well as personal financial management (PFM) tools. The new system provides additional security and convenience features, including Out-of-band (OOB) telephone or text confirmation code for secure login and personal information changes. Current users do not need to re-register in the new system, but are required to know the last four digits of their member number and supply other personal information in order to create a new password and access their accounts. Members already using bill pay service will not need to re-enroll, or re-establish payees or ongoing payments. Any scheduled transfers remain scheduled, so no setup is required. Interbank funds transfer (A2A) users are required to re-register their 3rd party financial institution accounts.

We have also rolled out a new card administration program for enhanced efficiency. Although the changes are mainly back-office, this new system enables our staff to provide improved service to our members.

Thank you for your continued support!

Harold OttisPresident

Your membership means competitive rates, helpful guidance without sales pressure, and quality products trusted by your credit union. Regardless of your budget, we can help make sure the protection you need makes sense. It’s all part of smart planning and caring about the aspirations and achievements of those who matter most.

Call us - We’ll help you understand all of your options so you can choose the one that is best for you and your family.

Life and AD&D 1-855-612-7909Auto & Home 1-888-380-9287Visit us at TruStage.com

TruStage products and programs are made available through the companies of the CUNA Mutual Group. They have been providing insurance and financial services designed for credit unions and their members for more than 75 years, serving more than 13 million credit union members.

TruStage™ is the marketing brand for the insurance products.The Auto & Home Insurance Program is made available by CUNA Mutual Insurance Agency, Inc. and underwritten by leading insurance companies. Life and accidental death & dismemberment insurance is sold through CMFG Life Insurance Company. The insurance offered is not a deposit and is not federally insured, sold, or guaranteed by your credit union. MC2645AR-0812

Protect Your Family and Future!

Insurance Built for Credit Union Members Like You!

Retired SECU Staff Announcing New StaffCharlene Stauter

Member Services – Receptionist Pam Stringer

Title AdministratorGayle Franklin

TellerAna EcheverriaTitle Administrator

Industry Experience: 7 years Hobbies: Reading, travel,

and caring for pets.

After 41 years of service. After 19 years of service. Industry Experience: 4.5 years Hobbies: Reading, travel,

and pets.Although we are excited for Charlene and Pam, we will

miss them greatly and wish them a very happy retirement.

Shop with our AskAuto® AppYour Personal Car Buying Assistant

SECU has partnered with CUNA Mutual to provide a better vehicle shopping experience. The AskAuto app features:

1) Scan VINs to get average retail cost and EPA mileage estimates on the cars you like.

2) Compare, rank, and save notes on vehicles you might want to buy.

3) Current or eligible SECU members can apply for a loan anytime, anywhere using a smartphone or tablet.

The AskAuto® App is available free at U.S. Apple and Google online stores. Download the app instantly and begin enjoying your shopping experience! www.secu.slb.com (Ask a Question: AskAuto)

Auto Buyer’s WorkshopsAttend one of our workshops and receive Free GAP (Guaranteed Auto Protection) coverage, a $350 value (Must take an SECU auto loan within 90-days of the workshop, 2015 and newer vehicles only). 0206

Auto Buyer’s Workshop Schedule

August 8, 2017 - Sugar Land (205 Industrial Blvd) 6:00 - 7:30 PM and webinar (see RSVP instructions below).

October 10, 2017 - Sugar Land (205 Industrial Blvd) 6:00 - 7:30 PM and webinar (see RSVP instructions below).

To RSVP, visit our website: www.secu.slb.com (Ask a Question: Auto Buyer’s Education). Make sure to watch our new video “Auto Loans in 5 Easy Steps!”

Home Buyer’s Workshops SECU offers Home Buyer’s Workshops monthly through SWBC, our mortgage lender business partner. These workshops offer a unique opportunity to have questions answered that can assist you through the home buying process and are designed to be very informative without the sales pressure.

Topics Covered

Mortgages – Types, closing costs and interest rates.Representation – Who should guide you through the process.Buying Decision – Information needed before making the offer.Inspection and Repairs – Who should pay and traps to avoid.

Home Buyer’s Workshop Schedule

July 12, 2017 - Sugar Land (205 Industrial Blvd) 6:00 - 7:30 PM and webinar (see RSVP instructions below).

August 9, 2017 - Sugar Land (205 Industrial Blvd) 6:00 - 7:30 PM and webinar.

September 13, 2017 - Sugar Land (205 Industrial Blvd) 6:00 - 7:30 PM and webinar.

To RSVP, visit our website: www.secu.slb.com (Ask a Question: Home Buyer’s Workshops)

Mortgage Assistance Contact Sallye Gibson, the SECU mortgage loan officer (Toll Free: 800-460-6990, Direct: 281-285-3237, or email: SGibson@slb.com). Sallye is located at SECU’s Sugar Land office. If you are in the area, come by and visit. Sallye can provide you with a wealth of information without obligation!

*Auto/Specialty - ALA 2.25% APR*

*Refinance Auto/Specialty - 2% Below Competitor

*Debt Consolidation - ALA 5.49% APR* (New Money Only)

*APR is Annual Percentage Rate, ALA is As Low As. Auto/Specialty: No down payment required with approved credit. Refinance discounts: 2% for up to 48-months, 1.5% for 49-60 months, 1% for 61-72 months, but not to exceed remaining loan term (floor rate is 1.75% APR, and must provide proof statement with competitor rate). Debt Consolidation: For refinancing unsecured debt from other financial institutions. Members must qualify! See www.secu.slb.com (Ask a Question: Loan Specials) for details.

Loan SpecialsTake advantage of our Great Rates

“While they Last”

Card ServicesWhen contacting our VISA card security and fraud prevention center, use our Toll Free U.S. telephone number: 800-282-7328, or Direct: 281-285-4551 (Debit: Options 2, 2, 4, or Credit: Options 2, 3, 4). For security purposes, our service provider can only assist primary account owners. If you are responding to a fraud alert voice message, you will need to provide the case number given along with other personal identifying information

Privacy Disclosure & InformationThe following information is available online: 1028 www.secu.slb.com (Ask a Question: Privacy Policy)

1) Privacy policy (with Opt-Out form) See Privacy, Documents, & Legal: Privacy Policy

2) Documents available to members See Privacy, Documents, & Legal: Documents Available to Members (upon request).

3) Process for filing complaints See Privacy, Documents, & Legal: Filing a Complaint

It Pays to Read the Shareholder!Locate the first four sequential numbers of your birth date (MMDD) in this newsletter and win $25 (cannot be part of a string of numbers). Only Primary members are eligible, using the current issue. Last issue, we had 7 winners!

LOAN RATES (JEffective June 19, 2017)LOAN TYPE RATE (APR) TERM (Months) FINANCING

Auto: New/Used 2.25%* 24 100% of list (new),2.74%* 25-36 100% NADA value (used),3.05%* 37-48 + TT&L3.60%* 49-60 $15K minimum4.40%* 61-72 $25K minimum

Specialty: 2.25%* 24 100% of list (new),RV, Boat, 2.74%* 25-36 100% NADA value (used),Motorcycle 3.05%* 37-48 + TT&L

3.60%* 49-60 $15K minimum4.40%* 61-72 $25K minimum

Share-Secured Div rate + 2.75% 12 - 60-monthsCD Secured CD Rate + 2.75% Same as Term of CDStock Secured 6.40% 12-60 60% loan on SLB stockSignature 9.49%* 12 Computer, Furniture, etc.Signature 10.49%* 13-18 If Consolidation, see Special!Signature 10.99%* 19-30Signature 11.49%* 31-36

SAVINGS RATES (Effective June 19, 2017)SAVINGS TYPE TERMS RATE (APY)

Regular Share(paid quarterly)Youth

$100 min. no min. bal.

0.050%0.050%

6-month CD $1000 min. 0.080%12-month CD $1000 min. 0.130%18-month CD $1000 min. 0.180%24-month CD $1000 min. 0.750%36-month CD $1000 min. 0.950%IRA Savings $40 min. 0.050%IRA 6-month CD $500 min. 0.080%IRA 12-month CD $500 min. 0.130%IRA 18-month CD $500 min. 0.180%IRA 24-month CD $500 min. 0.750%IRA 36-month CD $500 min. 0.950%Checking (Standard)*Checking (55Plus)*

$500 min.no min. bal.

0.005%0.010%

*APY is Annual Percentage Yield. Rates are subject to change. Regular share rates are determined by the board of directors, and declared on the third Monday of the last month of the quarterly period affected. Rates marked by * are “As Low As” rates that depend on credit performance (see details on the SECU website). Loans are subject to minimums borrowed and members must qualify, except for stock- and share- secured loans. Auto loans are available for up to 100% of list (new) or 100% of NADA value (used) plus TT&L. Checking interest is paid on standard and 55Plus accounts only.

SECU Statement of Condition(As of 5/31/2017, $ in Millions)

ASSETS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $828.9SAVINGS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $717.4 LOANS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $186.8MEMBERS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31,476

ABA Routing Number: 313084564

Email: secu@slb.com Web Page: www.secu.slb.com

MEMBER OWNED, MEMBER LEDSM

SECU’s Historical Member, Assets, and Loan Chart!

SECU Executive BoardChairman . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Bill CarpenterVice Chairman . . . . . . . . . . . . . . . . . . . . . . . . . . . Kannan Venkataraman Treasurer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .Jerry HarperSecretary . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Thomas McDaniel

Other Board Members

The SHAREHOLDER is a non-subscription publication of the Schlumberger Employees Credit Union, 205 Industrial Blvd, Sugar Land, Texas 77478. It is distributed to the actual and potential membership of the SECU. Mortgage Partner: 281-285-3237 / 800-460-6990, SECU Office: 281-285-4551 / 800-272-7328, Fax: 281-285-4436.

We also publish the Shareholder online!

Publisher: Jerry HammervoldYour savings federally insured to at least $250,000

and backed by the full faith and credit of the United States Government

National Credit Union Administration, a U.S. Government Agency

NCUAFederally Insured by the NCUA

Year '00 '01 '02 '03 '04 '05 '06 '07 '08 '09Assets ($Mil) 74.4 96.2 117.6 140 170.6 189.6 204.8 241.3 270.0 306.4Members (left axis 10747 12169 13116 13625 14227 14912 15761 16667 17860 18619Loans ($Mil) 45.75 53.62 53.45 56.61 67.47 83.12 117.2 148.2 177.5 168.5

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John Crawford Bob Fons

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