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3232 S Sherwood Forest Blvd
Baton Rouge, LA 70816

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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).
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Related Posts

Pelican State Credit Union (LA/AR/TX/MS) Ups Long-Term CD Rates - 9/21/2017

Pelican State CU (LA/AR/TX/MS) has raised rates on 48-month CD (2.41% APY) and 60-month CD (2.61% APY) by a uniform 10 bps. Minimum deposit is $500. Also as IRAs.

Pelican State CU (LA/AR/TX/MS) Boost Rates On Long-Term CDs - 5/24/2017

Pelican State CU (LA/AR/TX/MS) has raised rates on 48-month CD (2.41% APY) and 60-month CD (2.61% APY). Minimum deposit is $500. Also as IRAs.

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Not That Bad :-)

Posted by: 51hh | Nov 25, 2016

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.

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!


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!

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.



Health Grade Components

NCUA #62710
Year Chartered1956
Primary Regulator
Profit Margin
Return on Assets - YTD1.36%
Return on Equity - YTD12.98%
Annual Interest Income$20.5MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$334.0MM$295.8MM
LoansQ4 2017vs Q4 2016$268.1MM$230.5MM
DepositsQ4 2017vs Q4 2016$296.7MM$263.3MM
Equity CapitalQ4 2017vs Q4 2016$33.8MM$29.0MM
Loan Loss AllowanceQ4 2017vs Q4 2016$4.2MM$4.1MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$3.4MM$3.1MM
Real Estate OwnedQ4 2017vs Q4 2016$51.00K$131.00K
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* 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

1.01%*-$50kKasasa Saver
OTHER TIERS: 0.50% $50k+
0.89%$100-IRA 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

4.01%*-$7,500Kasasa Cash
OTHER TIERS: 0.74% $7,500+

Pelican State Credit Union CD Rates

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

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