Pelican State Credit Union
Popular Accounts at this Credit Union
| APY | ACCOUNT TYPE | ACCOUNT NAME |
|---|---|---|
| 4.01% | Reward Checking | Kasasa Cash 1.84% - National Average |
| 2.71% | 5-year CD | 60 Month CD 2.25% - Bank of Internet USA 60 Month CD |
| 2.51% | 4-year CD | 48 Month CD 1.27% - National Average |
From the Bank
Field of Membership Restrictions
Membership in Pelican State Credit Union is open to those who live in Rapides Parish, Louisiana, or work for or retired from one of the Credit Union's Select Employee Groups (not listed on the credit union's site). Membership is also offered to residents of Arkansas, Louisiana, Mississippi, and Texas who join one of three associations (listed on the online application).
See current membership details
Related Posts
5/24 - Pelican State CU (LA/AR/TX/MS) Boost Rates On Long-Term CDs
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
7/19/12 - Pelican State CU Conversion Postponed To 8/1
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
Not That Bad :-)
Reading all the negative reviews, I feel bad for PSCU.
Actually their service is fine; they answered all my questions timely. The recent event was concerning the cancellation of my debit card since I have not used it for a while. They quickly sent the new debit card to me followed by password.
I do not like their RCA package (4%, only $7.5K; only one account allowed). They used to be much more generous.
I do not use their other services, e.g., loan, credit cards. But I assume it will be similar to those of RCA services.
Anyhow, PSCU went out their ways to read the reviews here and responded positively to them. That is much better than most other credit unions/banks.
I would suggest that we can work with the credit union patiently should issues arrise and afford PSCU an opportunity to make corrections and improvement accordingly.
Good And Bad Experiences
Pelican's on line application followed with verification questions (4). I answered each correctly, yet, possibly because of the data base used, they said I only answered 2 with the right answers. They then, without any prompt to call them, rejected my application. Period. They then deleted my application from their system. Wow. Talk about making me feeling like I'd committed some form of crime, something I would expect only from our government, this was it. It was the only time in my life I'd ever been rejected. The only recourse was to go into one of their branches, which I did. Tremendous inconvenience, of course, on my part, because the closest was about 65 miles away. The rep that I opened it with at their Shreveport location was extremely helpful and knowledgeable. After I showed her the back and forth message interaction, she created the accounts I wanted. I would strongly recommend her to anyone using this location. Her name is Shamita Demery. Her value system is well intact and her intelligence is well above average, plus she was a pleasure to talk with. She was the only saving grace to this arduous process.
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!
Data as of Q2 2017
Learn why bank health mattersHealth Grade Components
| Overall | |
|---|---|
| NCUA # | 62710 |
| Year Chartered | 1956 |
| Employees | 221 |
| Primary Regulator | |
| Profit Margin | |
|---|---|
| Return on Assets - YTD | 1.65% |
| Return on Equity - YTD | 16.19% |
| Annual Interest Income | $9.8MM |
| Assets and Liabilities | ||
|---|---|---|
| Assets | Q2 2017vs Q2 2016 | $310.6MM$273.4MM |
| Loans | Q2 2017vs Q2 2016 | $246.5MM$222.1MM |
| Deposits | Q2 2017vs Q2 2016 | $276.0MM$242.7MM |
| Equity Capital | Q2 2017vs Q2 2016 | $31.6MM$28.0MM |
| Loan Loss Allowance | Q2 2017vs Q2 2016 | $3.9MM$3.9MM |
| Unbacked Noncurrent Loans | Q2 2017vs Q2 2016 | $3.0MM$3.1MM |
| Real Estate Owned | Q2 2017vs Q2 2016 | $51.00K$322.00K |
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 | |||||
| 0.80%* | $20k* | - | Primary 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 |
|---|---|---|---|---|
| 2.71% | $500 | - | 60 Month CD | |
| 2.71% | $10k | - | 60 Month Jumbo CD | |
| 2.51% | $500 | - | 48 Month CD | |
| 2.51% | $10k | - | 48 Month Jumbo CD | |
| 1.99% | $500 | - | 36 Month CD | |
| 1.99% | $10k | - | 36 Month Jumbo CD | |
| 1.57% | $500 | - | 24 Month CD | |
| 1.57% | $10k | - | 24 Month Jumbo CD | |
| 1.27% | $500 | - | 12 Month CD | |
| 1.27% | $10k | - | 12 Month Jumbo CD | |
| 1.17% | $500 | - | 6 Month CD | |
| 1.17% | $10k | - | 6 Month Jumbo CD |
Pelican State Credit Union IRA Rates
| APY | MIN | MAX | ACCOUNT NAME | VIEW DETAILS |
|---|---|---|---|---|
| 2.71% | $1k | - | 60 Month IRA | |
| 2.71% | $1k | - | 60 Month Jumbo IRA | |
| 2.51% | $10k | - | 48 Month Jumbo IRA | |
| 2.51% | $1k | - | 48 Month IRA | |
| 1.99% | $10k | - | 36 Month Jumbo IRA | |
| 1.99% | $1k | - | 36 Month IRA | |
| 1.57% | $10k | - | 24 Month Jumbo IRA | |
| 1.57% | $1k | - | 24 Month IRA | |
| 1.27% | $10k | - | 12 Month Jumbo IRA | |
| 1.27% | $1k | - | 12 Month IRA | |
| 1.17% | $10k | - | 6 Month Jumbo IRA | |
| 1.17% | $1k | - | 6 Month IRA |
