Pelican State Credit Union

Overview / Commentary
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 St. Tammany Parish, Rapides Parish or St. Landry 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 in the online application).
See current membership details

Related Posts

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Not That Bad :-)

Posted by: |

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: |

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 Bank I've Used In Over 50 YEARS

Posted by: |

This bank Never does what they agree to do.
They have recanted agreements just because they feel like it(Under the clauses that policies can be changed at any time) SO THEIR PROFITS BECOME BETTER. Our Slidell Branch has been closed weeks at a time forcing me to get money orders and driving 75 miles round trip, on a Sunday to make my car payment in the night deposit drop. The annual skip a payment clause is not available to me now because my 2 1/2 year old First Castle Loan is now a "New Pelican State" Loan and I cannot use that option during a slow financial period this month!
I have to wait until January Now according to the New Employees in Slidell.
And they just decided to Spontaneously close my wife's Checking and Savings accounts and keep the funds that were in her accounts as "Dormant Account Fees"... WITHOUT ANY NOTIFICATION AT ALL!! What Bank does that?! And IF they tell you that you can get a quarter percent interest rate reduction when you establish auto draft on your loan, DO NOT EVER BELIEVE THAT MANURE. They will add unlimited conditions on that expectation until you just throw your hands up
in disgust!



Health Grade Components

NCUA #62710
Year Chartered1956
Primary Regulator
Profit Margin
Return on Assets - YTD1.79%
Return on Equity - YTD17.37%
Annual Interest Income$13.6MM
Assets and Liabilities
AssetsQ2 2020vs Q2 2019$519.1MM$397.3MM
LoansQ2 2020vs Q2 2019$405.3MM$304.5MM
DepositsQ2 2020vs Q2 2019$466.8MM$351.0MM
Equity CapitalQ2 2020vs Q2 2019$48.4MM$41.5MM
Loan Loss AllowanceQ2 2020vs Q2 2019$4.3MM$4.6MM
Unbacked Noncurrent LoansQ2 2020vs Q2 2019$2.9MM$3.8MM
Real Estate OwnedQ2 2020vs Q2 2019$46.00K$13.00K
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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

0.89%$100-IRA Share
0.75%*-$50kKasasa Saver
OTHER TIERS: 0.50% $50k+
0.55%*$20k*-Regular Shares
OTHER TIERS: 0.40% $100 - $20k
0.55%*$20k*-Primary Shares
OTHER TIERS: 0.40% $100 - $20k
0.40%--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

4.25%-$7.5kKasasa Cash

Pelican State Credit Union CD Rates

1.13%$500-60 Month CD
1.13%$10k-60 Month Jumbo CD
1.08%$500-48 Month CD
1.08%$10k-48 Month Jumbo CD
0.91%$500-36 Month CD
0.91%$10k-36 Month Jumbo CD
0.80%$500-24 Month CD
0.80%$10k-24 Month Jumbo CD
0.65%$500-12 Month CD
0.65%$10k-12 Month Jumbo CD
0.45%$500-6 Month CD
0.45%$10k-6 Month Jumbo CD

Pelican State Credit Union IRA Rates

1.32%$1k-60 Month IRA
1.32%$10k-60 Month Jumbo IRA
1.27%$10k-48 Month Jumbo IRA
1.27%$1k-48 Month IRA
1.11%$10k-36 Month Jumbo IRA
1.11%$1k-36 Month IRA
1.01%$10k-24 Month Jumbo IRA
1.01%$1k-24 Month IRA
0.85%$10k-12 Month Jumbo IRA
0.85%$1k-12 Month IRA
0.65%$10k-6 Month Jumbo IRA
0.65%$1k-6 Month IRA


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