Pelican State Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 4.01% | Reward Checking | Kasasa Cash 1.75% - National Average |
| 2.38% | 5-year CD | 60 Month CD 1.85% - Synchrony Bank 60 Month CD |
| 2.19% | 4-year CD | 48 Month CD |
From the Bank
Field of Membership Restrictions
Membership is open to those who live in Rapides Parish or work for or retired from one of the Select Employee Group.
See current membership details
Related Posts
3/30 - Pelican State CU RCA Cap Lowered Effective 5/1/15
4/3 - Pelican State Credit Union: Results of system upgrade
3/14 - Pelican State CU Shortend RCA Qualification Cycle For March 2014
7/12/12 - Pelican State CU 7/16 Conversion To Choice Checking
6/11/12 - Update On Pelican State E-Xtra Bonus Checking Conversion To Kasasa
4/16/12 - Additional Changes At Pelican State Credit Union Including Changes In Qualification Period for Reward Checking account
4/6/12 - Pelican State Credit Union Dropped Their Limit...
1/17/12 - Pelican State CU Pays Members $172,000 Through Special Member Dividend
6/29/11 - Change To E-Xtra Bonus Checking Account Requirements
12/30/10 - Cap Change
7/24/08 - High-Yield Reward Checking Account at a Louisiana CU (Pelican State)
Great Rate
Pelican State has the most responsive staffs that address my questions and requests always in a timely manner. They also offer a great rate for the checking account which is a big plus. I hope in the future they will always continue to maintain the quality of the service and never stop to improve it.
Great Rate And Great Service.
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.
Worst Credit Union
Pelican State Credit Union is by far, the worst credit union I have ever used. They are not set up to accept automatic transfers from any bank to this credit union. The only way an outside bank can transfer into this credit union is by bill pay only.
If you don't have great credit, then you might want to re-consider applying for a loan here. This credit union only caters to people with great credit. They make lots of excuses for denying loans. On top of that, every time this credit union denies you a loan, they take 5 dollars out of your account. They offer free credit counseling and when you talk to the counselor she tells you everything you already know. Once you do everything the counselor tells you to do, they still deny you, and then charge you once again. They are not willing to help you re-establish your credit.
They do not return emails. If you apply for a loan with the manager, she has one of her employees return the phone call of denial. Very poor service!
HORRIBLE! STAY AWAY!
DO NOT DO BUSINESS WITH THESE PEOPLE! They sent me an offer in the mail in July to skip a payment in August. Needles to say, I took advantage of the offer. Well, here it is September 6th and I just received a notice saying that my account is delinquent! Called to speak to the local rep in Monroe, LA and as usual, they are always clueless about EVERYTHING! They never took ownership of their mistake and now my credit score has gone down 20 points because of their mistake! This is not my first bad experience with them, but I want go on and on. Trust me! Stay clear away from these people!
Terrible Service
How can a person from Florida make a wire transfer from someone else's account, located in Zachary, LA and the credit union not throw up a red flag!!!! This happened to my son and daughter-in-law's account, and now Pelican has closed their ENTIRE bank accounts (Christmas Club, checking, savings, credit). Someone please explain!!!! Cause I'm having a hard time understanding!!!
Pelican State SUCKS
I HATE Pelican State Credit Union. First, it took an act of Congress to get them to draft the funds from my existing account in order to open this one. I missed receiving the 4% interest on the first month b/c they didn't set my ACH deposit up in time. No one ever answers when you call...the hold time is ridiculous. The website is as un-userfriendly as I have ever encountered. I tried to set up Bill Pay so that I could transfer money to my other account but the "red tape" and technical issues involved were the last straw...again no one to assist when I established my "Secret Word" (different from a password, mind you) and within 5 seconds of setting it, my account was locked. I requested they close my account and transfer my money back to the bank they had debited it from, but received a reply that they were not able to do that. Fortunately my other bank (Gulf Coast Community Federal Credit Union to which I would give 5 stars and offers 3% interest up to $25k with fewer monthly requirements) was able to draft the money from Pelican. I had to fax in a request to close the account (no big deal) but received another reply that the last sentence ("for internal use only") on the bottom of the form was cut off, so I re-faxed it. 2 weeks later, my account is still open and my money has not been returned to me.
Posting Problems And Multiple Visa Debit Card Authorizations
I have noticed from personal experience that each time I use my Visa Debit card to make purchases over the phone that Pelican State Credit union will put multiple holds on my account...I have had up to 3 holds placed on my funds for a single purchase. Why? They will also make it difficult to impossible for some merchants to correct these authorization holds. I'm beginning to think that the credit union isn't really much different from a bank after all. They will try anything in hopes that a customer will overdraw their account, after all they have to make money too. I've also noticed that they will have a purchase authorization, then post that purchase to my account for 2 to 3 days then remove the post for 2 to 3 days then post it again. This happened to me recently for a 500.00+ transaction. I wonder if they are monitoring my purchase/spending history hoping that I will overdraw my account.
All I can say is beware. Each time you use your Visa Debit Card for a purchase placed by phone, make sure you have 3 times the amount of funds needed in your account because you are guaranteed to have several authorizations for a single transaction.
I'm thinking of keeping my savings account and opening a checking account with someone else after all this. The little bit of interest they pay can't make up for any overdraft fees that they may charge.
I also find that it isn't convenient to do business here. There aren't enough locations in Baton Rouge, and as far as I know the only location that is open on Sat is in Zachary.
Data as of Q2 2016
Learn more about bank healthHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62710 |
| Year Chartered | 1956 |
| Employees | 192 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.67% |
| Return on Equity - YTD | 16.16% |
| Annual Interest Income | $8.9MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2016vs Q2 2015 | $273.4MM$245.2MM |
| Loans | Q2 2016vs Q2 2015 | $222.1MM$199.9MM |
| Deposits | Q2 2016vs Q2 2015 | $242.7MM$218.3MM |
| Equity Capital | Q2 2016vs Q2 2015 | $28.0MM$24.7MM |
| Loan Loss Allowance | Q2 2016vs Q2 2015 | $3.9MM$3.1MM |
| Unbacked Noncurrent Loans | Q2 2016vs Q2 2015 | $3.1MM$3.5MM |
| Real Estate Owned | Q2 2016vs Q2 2015 | $322.00K$454.00K |
Always verify rates and promotions with the bank or credit union. We are not Pelican State Credit Union; we are a rate comparison website and cannot provide official rates or promotions.
* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.
Pelican State Credit Union Savings Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 1.01%* | - | $50k | Kasasa Saver | ||
| OTHER TIERS: 0.50% → $50k+ | |||||
| 0.89% | $100 | - | IRA Share | ||
| 0.89% | $100 | - | Roth IRA Share | ||
| 0.89% | $100 | - | CESA Share | ||
| 0.80%* | $20k* | - | Regular Shares | ||
| OTHER TIERS: 0.65% → $100 - $20k | |||||
| 0.30%* | $50k* | - | Business Shares | ||
| OTHER TIERS: 0.15% → $100 - $1k | 0.20% → $1k - $10k | 0.25% → $10k - $50k | |||||
| 0.25% | - | - | Christmas Club | ||
| 0.25% | $1k | - | Freedom Shares | ||
| 0.25% | - | - | Team Pelican Shares | ||
| 0.25% | - | - | Vacation Club | ||
Pelican State Credit Union Checking Account Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS | |
|---|---|---|---|---|---|
| 4.01%* | - | $7,500 | Kasasa Cash | ||
| OTHER TIERS: 0.74% → $7,500+ | |||||
Pelican State Credit Union CD Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.38% | $500 | - | 60 Month CD | |
| 2.38% | $10k | - | 60 Month Jumbo CD | |
| 2.19% | $500 | - | 48 Month CD | |
| 2.19% | $10k | - | 48 Month Jumbo CD | |
| 1.67% | $500 | - | 36 Month CD | |
| 1.67% | $10k | - | 36 Month Jumbo CD | |
| 1.27% | $500 | - | 24 Month CD | |
| 1.27% | $10k | - | 24 Month Jumbo CD | |
| 0.95% | $500 | - | 12 Month CD | |
| 0.95% | $10k | - | 12 Month Jumbo CD | |
| 0.85% | $500 | - | 6 Month CD | |
| 0.85% | $10k | - | 6 Month Jumbo CD |
Pelican State Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 1.89% | $10k | - | 48 Month Jumbo IRA | |
| 1.78% | $1k | - | 48 Month IRA | |
| 1.64% | $10k | - | 36 Month Jumbo IRA | |
| 1.54% | $1k | - | 36 Month IRA | |
| 1.29% | $10k | - | 24 Month Jumbo IRA | |
| 1.19% | $1k | - | 24 Month IRA | |
| 0.79% | $10k | - | 12 Month Jumbo IRA | |
| 0.69% | $1k | - | 12 Month IRA | |
| 0.60% | $10k | - | 6 Month Jumbo IRA | |
| 0.50% | $1k | - | 6 Month IRA |
Pelican State Credit Union has 11 locations. Click to view all Pelican State Credit Union locations.