Pelican State Credit Union is headquartered in Baton Rouge and is the 8th largest credit union in the state of Louisiana. It is also the 564th largest credit union in the nation. It was established in 1956 and as of March of 2025, it had grown to 308 employees and 80,199 members at 19 locations. Pelican State Credit Union has a B+ health rating.
Field of Membership Restrictions
Pelican State Credit Union is open to any U.S. citizen/resident alien who joins one of these Associate Partners: ARC Baton Rouge ($5 membership fee), Parents Association of Northwest Supports and Services ($5 membership fee), and Pinecrest Parents Association ($20 membership fee). Individuals who live in the Louisiana parishes of Rapides, St. Landry, or St. Tammany are also eligible to join. Membership is also open to employees and retirees of any Select Employee Group, as well as Pelican State Credit Union employees. Immediate family members of anyone membership- eligible are also welcome to join.
See current membership details
Great Institution
Wonderful credit union . Great rates and very caring employees highly recommend.
Great Credit Union
I originally joined for the Kasasa checking at 6.05% up to 20k. Later they had a great 5.9% rate on 2y CDs and customer service was excellent in helping me get it opened. Because of a PayPal mistake, three fees were incurred which Pelican promptly reversed for me after calling in. The mobile app is very good.
Recently, I had a check stolen from the mail which got fraudulently deposited to someone else's account. Pelican helped me through the process and a just couple of days after I completed the dispute process, the money was credited back to my account.
Great credit union all around !!
Beware Of Account Settings!
E-Statements are required to get this rate. E-Statements are not set up at account opening. To do so is obscure. There is no link on the webpage. From your account, go to “settings” and “documents” click “enroll”. I got tricked on this.
Watch Your Kasasa Acct - They Play DEB Card Games
Pelican has decided that all DEB card purchases won't be counted. Some transactions are now being referred to as "Bill Pay" even though the DEB card itself was used. Streaming Services (Peacock & Discovery) now don't qualify toward the DEB count? Just enough DEBs pulled to stop paying Interest for the month. Terminated the Kasasa account immediately - can't be trusted.
I still have Certificates with them and have had no problems in this area.
Data as of Q1 2025
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62710 |
| Year Chartered | 1956 |
| Employees | 308 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 0.34% |
| Return on Equity - YTD | 3.42% |
| Annual Interest Income | $14.4MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q1 2025vs Q1 2024 | $769.1MM$737.8MM |
| Loans | Q1 2025vs Q1 2024 | $654MM$571.9MM |
| Deposits | Q1 2025vs Q1 2024 | $672.8MM$651MM |
| Equity Capital | Q1 2025vs Q1 2024 | $74.6MM$72.4MM |
| Loan Loss Allowance | Q1 2025vs Q1 2024 | $10.5MM$7.8MM |
| Unbacked Noncurrent Loans | Q1 2025vs Q1 2024 | $12.7MM$10.7MM |
| Real Estate Owned | Q1 2025vs Q1 2024 | $256K$0 |
