Pelican State Credit Union

Popular Accounts at this Credit Union

APY	ACCOUNT TYPE	ACCOUNT NAME
4.01%	Reward Checking	Kasasa Cash 2.00% - National Average
2.84%	5-year CD	60 Month CD 3.00% - American Express National Bank 60 Month CD
2.53%	4-year CD	48 Month CD 2.50% - Ally Bank Raise Your Rate 4-Year CD

View all Pelican State Credit Union rates »

Overview / Commentary

www.pelicanstatecu.com

225-408-6100

3232 S Sherwood Forest Blvd
Baton Rouge, LA 70816

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

7/15/13 - Pelican State CU - Online Transactions Are Not Authorizing, 25-46 Minutes Hold Time When Call
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
10/24/09 - High-Yield Reward Checking Account at a Louisiana CU (Pelican State)

Reviews (11)

Featured Account Options

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.

3

Worst Credit Union

Posted by: Rochelle Gentry | Jul 30, 2016

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!

4

HORRIBLE! STAY AWAY!

Posted by: Kenyell Brown-Jackson | Sep 7, 2016

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!

4

Great Rate

Posted by: SeanMarcos11 | Jun 7, 2016

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.

Comment

1

VIEW MORE REVIEWS

Health

A

Data as of Q2 2018

Learn why bank health matters

Health Grade Components

Overall
NCUA #	62710
Year Chartered	1956
Employees	258
Primary Regulator

Profit Margin
Return on Assets - YTD	1.48%
Return on Equity - YTD	14.2%
Annual Interest Income	$11.2MM

Assets and Liabilities
Assets	Q2 2018vs Q2 2017	$348.8MM$310.6MM
Loans	Q2 2018vs Q2 2017	$282.5MM$246.5MM
Deposits	Q2 2018vs Q2 2017	$308.0MM$276.0MM
Equity Capital	Q2 2018vs Q2 2017	$36.3MM$31.6MM
Loan Loss Allowance	Q2 2018vs Q2 2017	$4.3MM$3.9MM
Unbacked Noncurrent Loans	Q2 2018vs Q2 2017	$2.7MM$3.0MM
Real Estate Owned	Q2 2018vs Q2 2017	$154.00K$51.00K

Rates

Skip to rates for:

Savings
Checking
CD
IRA

Report an Issue

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.