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Pelican State Credit Union

Popular Accounts at this Credit Union

4.01%Reward CheckingKasasa Cash
2.71%5-year CD60 Month CD
2.51%4-year CD48 Month CD

Overview / Commentary
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

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.

Good And Bad Experiences

Posted by: gbtexas | Jun 7, 2017

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!


Posted by: Nem327 | Sep 25, 2017

My debit card information was stolen and fraudulent charges were made on my account. Instead of crediting the money back to my account they told me I could talk to a loan officer. So now I'm going to overdraft and the money won't be put back into my account until the end of the week (if that soon). I've been with this bank since high school, but now I'm going to change banks because obviously they punish their customers instead of trying to help them.
The only positive thing I can say is that the teller was sympathetic. The manager however was extremely rude.



Health Grade Components

NCUA #62710
Year Chartered1956
Primary Regulator
Profit Margin
Return on Assets - YTD1.65%
Return on Equity - YTD16.19%
Annual Interest Income$9.8MM
Assets and Liabilities
AssetsQ2 2017vs Q2 2016$310.6MM$273.4MM
LoansQ2 2017vs Q2 2016$246.5MM$222.1MM
DepositsQ2 2017vs Q2 2016$276.0MM$242.7MM
Equity CapitalQ2 2017vs Q2 2016$31.6MM$28.0MM
Loan Loss AllowanceQ2 2017vs Q2 2016$3.9MM$3.9MM
Unbacked Noncurrent LoansQ2 2017vs Q2 2016$3.0MM$3.1MM
Real Estate OwnedQ2 2017vs Q2 2016$51.00K$322.00K
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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