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5 star rating based on 1 review.

Pelican State Credit Union

Pelican State Credit Union Locations
11585 Lake Sherwood Avenue North
Baton Rouge, LA 70816
1-800-351-4877
www.pelicanstatecu.com

Pelican State Credit Union is headquartered in Baton Rouge and is the 12st largest credit union in the state of Louisiana. It is also the 902nd largest credit union in the nation. It was established in 1956 and as of September of 2011, it had grown to 146 employees and 32,291 members. Pelican State Credit Union's savings rates are 85% higher than the national average, and it has a 4-star health rating.

Related Posts

Pelican State CU Pays Members $172,000 Through Special Member Dividend (Forum) - 1/17/2012

A welcome message on the home page this morning: http://www.pelicanstatecu.com/Sho...aspx?id=31 The interest payout for each member will amount to approximately 1.24% of the combined total of all interest received on deposits at the Credit Union pl

Change To E-Xtra Bonus Checking Account Requirements (Forum) - 6/29/2011

just received an email: "Effective August 1, 2011, the e-Xtra Bonus Checking Account will require a minimum debit card transaction total of $300.00. This means that you must perform at least 15 debit card transactions per month and the collective, total

Cap Change (Forum) - 12/30/2010

Effective 2/1/11, cap is going down from $30K to $20K.  Rate stays the same.  Better than I expected, but for how long...

High-Yield Reward Checking Account at a Louisiana CU (Pelican State) - 7/24/2008

Update 10/24/09: The top rate has fallen to 5.01% APY.Pelican State Credit Union is offering a reward checking account called e-Xtra Bonus Share Draft. It pays 5.01% APY on balances up to $30,000 and refunds ATM fees of up to $12 per cycle if the...



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See Rates for: Checking | Savings | CD | IRA

Pelican State Credit Union Checking Account Rates

ApyMinMaxProduct
4.01%-$20ke-Xtra Bonus Checking
0.30%--Health Savings Checking
0.30%$1k-NOW Checking
0.30%$500-Pelican Preferred Checking

Pelican State Credit Union Savings Account Rates

ApyMinMaxProduct
0.96%$100k-High Yield Shares
0.89%$100-IRA Share
0.89%$100-Roth IRA Share
0.89%$100-CESA Share
0.75%$100k-Regular Shares
0.65%$50k-Commercial Shares
0.50%--Cash Club Shares
0.50%--Christmas Club
0.50%$1k-Freedom Shares
0.50%--Super Savers Shares
0.50%--Team Varsity Shares
0.50%--Vacation Club

Pelican State Credit Union CD Rates

ApyMinMaxProduct
1.89%$10k-4 Year Jumbo CD
1.78%$500-4 Year CD
1.64%$10k-3 Year Jumbo CD
1.54%$500-3 Year CD
1.29%$10k-2 Year Jumbo CD
1.19%$500-2 Year CD
0.79%$10k-1 Year Jumbo CD
0.69%$500-1 Year CD
0.54%$10k-6 Month Jumbo CD
0.44%$500-6 Month CD

Pelican State Credit Union IRA Rates

ApyMinMaxProduct
1.99%$10k-4 Year Jumbo IRA
1.99%$10k-4 Year Jumbo Roth IRA
1.99%$10k-4 Year Jumbo CESA
1.89%$1k-4 Year IRA
1.89%$1k-4 Year Roth IRA
1.89%$1k-4 Year CESA
1.74%$10k-3 Year Jumbo IRA
1.74%$10k-3 Year Jumbo Roth IRA
1.74%$10k-3 Year Jumbo CESA
1.64%$1k-3 Year IRA
1.64%$1k-3 Year Roth IRA
1.64%$1k-3 Year CESA
1.39%$10k-2 Year Jumbo IRA
1.39%$10k-2 Year Jumbo Roth IRA
1.39%$10k-2 Year Jumbo CESA
1.29%$1k-2 Year IRA
1.29%$1k-2 Year Roth IRA
1.29%$1k-2 Year CESA
0.89%$10k-1 Year Jumbo IRA
0.89%$10k-1 Year Jumbo Roth IRA
0.89%$10k-1 Year Jumbo CESA
0.79%$1k-1 Year IRA
0.79%$1k-1 Year Roth IRA
0.79%$1k-1 Year CESA
0.64%$10k-6 Month Jumbo IRA
0.64%$10k-6 Month Jumbo Roth IRA
0.64%$10k-6 Month Jumbo CESA
0.54%$1k-6 Month IRA
0.54%$1k-6 Month Roth IRA
0.54%$1k-6 Month CESA

Rates updated: 2/11/2012

Data for Q3 2011


Institution Statistics


PELICAN STATE
NCUA #62710
BankRate ReportView
Year Established1956
Employees146
Primary Regulator

Assets and Liabilities

Assets$185.88 million
Loans$152.47 million
Deposits$167.65 million
Equity Capital$16.75 million
Loan Loss Allowance$2.82 million
Unbacked Noncurrent Loans$2.07 million
Real Estate Owned$389,000

Historic Data - September 2010

Assets$180.14 million
Equity Capital$15.57 million
Loan Loss Allowance$2.95 million
Unbacked Noncurrent Loans$2.19 million
Real Estate Owned$191,000

Profit Margin - Quarterly

Net Interest Margin5.4%
Return on Assets0.39%
Return on Equity4.28%
Interest Income$9.36 million
Non-Interest Income$6.01 million

Institution Health


Overall Score:
4 out of 5
4
Texas Ratio4
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2011 Pelican State Credit Union had $2.45 million in non-current loans and owned real-estate with $19.57 million in equity and loan loss allowances on hand to cover it. This gives Pelican State Credit Union a Texas Ratio of 12.54% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend3
The Texas Ratio for Pelican State Credit Union held steady from 12.84% as of September 30, 2010 to 12.54% as of September 30, 2011, resulting in a positive change of 2.32%.This indicates that the balance sheet and financial strength for Pelican State Credit Union has held steady in recent periods.
Deposit Growth4
In the past year, Pelican State Credit Union has increased its total deposits by $4.94 million, resulting in 3.04% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Pelican State Credit Union has shown is above average.
Capitalization4
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Pelican State Credit Union has $185.88 million in assets with $19.57 million in equity, resulting in a capitalization level of 10.53%, which is above average.
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Great Rate And Great Service.
5 stars - buzzme - Thursday, March 24, 2011 - 8:27 PM

I don't know how they are doing it but I don't care.  They have offerred one of the highest rates on checking for 2 years now.  When I call they take care of me.  Good place to bank.

4
 
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