Featured Savings Rates
Featured Accounts

Pelican State Credit Union

Popular Accounts at this Credit Union

APYACCOUNT TYPEACCOUNT NAME
4.01%Reward CheckingKasasa Cash
2.38%5-year CD60 Month CD
2.19%4-year CD48 Month CD

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

Pelican State Credit Union is headquartered in Baton Rouge and is the 11th largest credit union in the state of Louisiana. It is also the 803rd largest credit union in the nation. It was established in 1956 and as of March of 2016, it had grown to 187 employees and 40,887 members at 11 locations. Pelican State Credit Union's savings rates are 54% higher than the national average, and it has a B+ health rating.

Field of Membership Restrictions

Membership is open to those who live in Rapides Parish or work for or retired from one of the Select Employee Group.
See current membership details

Related Posts

Pelican State CU (LA) Offers Top-Rate Long-Term CDs - 10/22/2015

Pelican State CU (LA) has two competitive long-term CDs: 48-month CD (2.20% APY) and 60-month CD (2.37% APY). Minimum opening deposit is $500, with no balance cap.

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Reviews (6)

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.

Great Rate And Great Service.

Posted by: buzzme | Mar 24, 2011

I don't know how they are doing it but I don't care.  They have offerred one of the highest rates on checking for 2 years now.  When I call they take care of me.  Good place to bank.

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!

Pelican State SUCKS

I HATE Pelican State Credit Union. First, it took an act of Congress to get them to draft the funds from my existing account in order to open this one. I missed receiving the 4% interest on the first month b/c they didn't set my ACH deposit up in time. No one ever answers when you call...the hold time is ridiculous. The website is as un-userfriendly as I have ever encountered. I tried to set up Bill Pay so that I could transfer money to my other account but the "red tape" and technical issues involved were the last straw...again no one to assist when I established my "Secret Word" (different from a password, mind you) and within 5 seconds of setting it, my account was locked. I requested they close my account and transfer my money back to the bank they had debited it from, but received a reply that they were not able to do that. Fortunately my other bank (Gulf Coast Community Federal Credit Union to which I would give 5 stars and offers 3% interest up to $25k with fewer monthly requirements) was able to draft the money from Pelican. I had to fax in a request to close the account (no big deal) but received another reply that the last sentence ("for internal use only") on the bottom of the form was cut off, so I re-faxed it. 2 weeks later, my account is still open and my money has not been returned to me.

Terrible Service

How can a person from Florida make a wire transfer from someone else's account, located in Zachary, LA and the credit union not throw up a red flag!!!! This happened to my son and daughter-in-law's account, and now Pelican has closed their ENTIRE bank accounts (Christmas Club, checking, savings, credit). Someone please explain!!!! Cause I'm having a hard time understanding!!!

Posting Problems And Multiple Visa Debit Card Authorizations

Posted by: glamgal | May 13, 2013

I have noticed from personal experience that each time I use my Visa Debit card to make purchases over the phone that Pelican State Credit union will put multiple holds on my account...I have had up to 3 holds placed on my funds for a single purchase.  Why?  They will also make it difficult to impossible for some merchants to correct these authorization holds.  I'm beginning to think that the credit union isn't really much different from a bank after all.  They will try anything in hopes that a customer will overdraw their account, after all they have to make money too.  I've also noticed that they will have a purchase authorization, then post that purchase to my account for 2 to 3 days then remove the post for 2 to 3 days then post it again.  This happened to me recently for a 500.00+ transaction.  I wonder if they are monitoring my purchase/spending history hoping that I will overdraw my account.

All I can say is beware.  Each time you use your Visa Debit Card for a purchase placed by phone, make sure you have 3 times the amount of funds needed in your account because you are guaranteed to have several authorizations for a single transaction.

I'm thinking of keeping my savings account and opening a checking account with someone else after all this.  The little bit of interest they pay can't make up for any overdraft fees that they may charge.

I also find that it isn't convenient to do business here.  There aren't enough locations in Baton Rouge, and as far as I know the only location that is open on Sat is in Zachary.



Health
B+

Health Grade Components

Overall
NCUA #62710
Year Chartered1956
Employees187
Primary Regulator
Profit Margin
Return on Assets - YTD1.62%
Return on Equity - YTD15.92%
Annual Interest Income$4.4MM
Assets and Liabilities
AssetsQ1 2016vs Q1 2015$268.9MM$245.5MM
LoansQ1 2016vs Q1 2015$211.3MM$184.3MM
DepositsQ1 2016vs Q1 2015$239.2MM$219.9MM
Equity CapitalQ1 2016vs Q1 2015$26.8MM$23.9MM
Loan Loss AllowanceQ1 2016vs Q1 2015$3.7MM$3.1MM
Unbacked Noncurrent LoansQ1 2016vs Q1 2015$2.7MM$2.5MM
Real Estate OwnedQ1 2016vs Q1 2015$544.00K$390.00K
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+
0.89%$100-IRA Share
0.89%$100-Roth IRA Share
0.89%$100-CESA 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

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

Pelican State Credit Union CD Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
2.38%$500-60 Month CD
2.38%$10k-60 Month Jumbo CD
2.19%$500-48 Month CD
2.19%$10k-48 Month Jumbo CD
1.67%$500-36 Month CD
1.67%$10k-36 Month Jumbo CD
1.27%$500-24 Month CD
1.27%$10k-24 Month Jumbo CD
0.95%$500-12 Month CD
0.95%$10k-12 Month Jumbo CD
0.85%$500-6 Month CD
0.85%$10k-6 Month Jumbo CD

Pelican State Credit Union IRA Rates

APYMINMAXACCOUNT NAMEVIEW DETAILS
1.89%$10k-48 Month Jumbo IRA
1.78%$1k-48 Month IRA
1.64%$10k-36 Month Jumbo IRA
1.54%$1k-36 Month IRA
1.29%$10k-24 Month Jumbo IRA
1.19%$1k-24 Month IRA
0.79%$10k-12 Month Jumbo IRA
0.69%$1k-12 Month IRA
0.60%$10k-6 Month Jumbo IRA
0.50%$1k-6 Month IRA
Locations

Pelican State Credit Union has 11 locations. Click to view all Pelican State Credit Union locations.