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Pelican State Credit Union


Overview / Commentary
225-408-6100
3232 S Sherwood Forest Blvd
Baton Rouge, LA 70816

From the Bank

For over 60 years, Pelican State Credit Union has been providing financial services to individuals and their families throughout the state of Louisiana. Since opening our doors in 1956, we seek to embody our mission statement each and every day, providing innovative products and services, with a continued, dedicated focus on member loyalty.

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

Kasasa Cash Checking Now 5.01% - 4/11/2019

Pelican State Credit Union has upped their Kasasa Cash checking account. You will now earn up to 5.01% APY* if you meet the simple monthly qualifications.

Pelican State CU Increases Kasasa Cash Account To 5.01% APY - 4/2/2019

All Kasasa Cash account will now earn 5.01% up to the existing limit of $7,500. It appears that the terms and requirements remain unchanged. Per their e-mail: Now you can earn even MORE cash on your checking account because we're giving you five! That's right--instead of earning up to 4.01% APY on your Kasasa Cash checking account, you’ll now earn up to 5.01% APY if you meet these simple qualifications during the Monthly Qualification Cycle:* Have at least 15 debit card purchases post and settle Be enrolled in and agree to receive eStatements Be enrolled in and log into mobile or online banking Have at least 1 direct deposit, ACH payment, or bill pay transaction(s) post and settle This rate increase is automatic and nothing is required on your part to take advantage of it.

Certificate Rate Drop - 2/28/2019

Pelican State Credit Union has dropped rates on 36 month cds from 3.51 to 3.04 and 60 month from 3.71 to 3.30

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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.

Good Service, Great Rates, Contingent Beneficiaries, Not So Good.

A lot of negative reviews here. I'm not one of them. They have always been attentive to my calls. I Kasasa with them for 4% and maintain over 100K in savings and CDs

One thing they should do is allow depositors to create contingent beneficiaries; other banks do.
Whats holding it up?

Poor Customer Services By Phone , So Upset !!!

Posted by: qd1 | Jul 10, 2019

I am wondering why those representatives at the call center this week have been avoiding to help me with depositing money from my other institution debit cards to my Pelican checking and savings accounts. Some of them didn't even know how to do it. Some of them made me wait for very long on the line until I gave up waiting and having to hand up the calls. Some of them had bad attitudes on me as if I were wasting their times. Today, I have to say that they made me feel so upset, and there's no reason for me to stand it anymore. I have just decided to move ALL of my money from my Pelican checking account to my another institution account. If you don't need me as your customer anymore, just let me know and I would just go. Don't ever try to treat me poorly like that.

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!

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Health

Health Grade Components

Overall
NCUA #62710
Year Chartered1956
Employees266
Primary Regulator
Profit Margin
Return on Assets - YTD1.84%
Return on Equity - YTD17.39%
Annual Interest Income$6.3MM
Assets and Liabilities
AssetsQ1 2019vs Q1 2018$403.5MM$347.9MM
LoansQ1 2019vs Q1 2018$301.8MM$270.3MM
DepositsQ1 2019vs Q1 2018$357.6MM$308.9MM
Equity CapitalQ1 2019vs Q1 2018$40.9MM$34.9MM
Loan Loss AllowanceQ1 2019vs Q1 2018$4.5MM$4.4MM
Unbacked Noncurrent LoansQ1 2019vs Q1 2018$3.7MM$3.1MM
Real Estate OwnedQ1 2019vs Q1 2018$9.00K$164.00K
Rates
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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

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.01%*-$50kKasasa Saver
OTHER TIERS: 0.50% $50k+
0.90%*$20k*-Regular Shares
OTHER TIERS: 0.75% $100 - $20k
0.90%*$20k*-Primary Shares
OTHER TIERS: 0.75% $100 - $20k
0.89%$100-IRA Share
0.75%--Team Pelican Shares
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%--Vacation Club

Pelican State Credit Union Checking Account Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
5.01%-$7.5kKasasa Cash

Pelican State Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.20%$500-60 Month CD
3.20%$10k-60 Month Jumbo CD
3.10%$500-48 Month CD
3.10%$10k-48 Month Jumbo CD
2.89%$500-36 Month CD
2.89%$10k-36 Month Jumbo CD
2.53%$500-24 Month CD
2.53%$10k-24 Month Jumbo CD
2.43%$500-12 Month CD
2.43%$10k-12 Month Jumbo CD
1.31%$500-6 Month CD
1.31%$10k-6 Month Jumbo CD

Pelican State Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
3.20%$1k-60 Month IRA
3.20%$10k-60 Month Jumbo IRA
3.10%$10k-48 Month Jumbo IRA
3.10%$1k-48 Month IRA
2.89%$10k-36 Month Jumbo IRA
2.89%$1k-36 Month IRA
2.53%$10k-24 Month Jumbo IRA
2.53%$1k-24 Month IRA
2.43%$10k-12 Month Jumbo IRA
2.43%$1k-12 Month IRA
1.31%$10k-6 Month Jumbo IRA
1.31%$1k-6 Month IRA
Locations

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