Pelican State CU (LA) Offers Top-Rate Long-Term CDs


Availability: Residents of Rapides Parish, LA; Employees and retirees of several SEGs

Earlier this month, Pelican State Credit Union (Pelican State CU) raised the rate on its 48-month Share Certificate (2.19% APY) and added a new 60-month Share Certificate (2.38% APY). The minimum opening deposit for either Share Certificate is $500, with no balance cap.

2.38%$500-Pelican State Credit Union60 Month CD
2.19%$500-Pelican State Credit Union48 Month CD
Accounts mentioned in this post. Rates as of May 22, 2017.

Note: While Pelican State CU has separate Jumbo Share Certificates listed on its website for deposits of $10K+, the APYs for the 48-month and 60-month Jumbo Share Certificates are the same as the regular Share Certificates.

As stated in Pelican State CU’s Truth in Savings document, the Early Withdrawal Penalty reads as follows:

For all accounts, the amount of early withdrawal penalty is based on the term of your account. The penalty schedule is as follows:

1 year or less, 90 days' dividends; 13 to 36 months, 180 days' dividends; 37 months or longer, 270 days' dividends

Kasasa Cash

Pelican State CU’s Kasasa Cash account still earns an eye-catching 4.01% APY, but the qualifying balance cap was lowered in May 2015 from $10K to $7.5K; qualifying balances over $7.5K earn 0.05% APY. More detail on the Kasasa Cash account is available on Pelican State CU’s website.

4.01*%-$7,500Pelican State Credit UnionKasasa Cash
OTHER TIERS: 0.74% $7,500+
Accounts mentioned in this post. Rates as of May 22, 2017.


Headquartered in Baton Rouge, Pelican State Credit Union uses residency, employment, and family relationship as qualifying membership criteria.

Residency: Individuals who live in Rapides Parish, Louisiana are eligible to join.

Employment: Employees and retirees of several SEGs are eligible for membership.

Relationship: Immediate family members of current Pelican State CU members are also eligible to join.

Joining Pelican State CU and/or opening a CD can be initiated online, or at any of 11 Louisiana branches located in Alexandria, Baton Rouge (2), Denham Springs, Jackson, Lake Charles, Monroe, Opelousas, Pineville, Shreveport, and Zachary. The membership application is also available for download to expedite an in-branch visit.

Credit Union Overview

Pelican State Credit Union has an overall health grade of "B+" at, with a Texas ratio of 14.19% (above average) based on June 30, 2015 data. In the past year, Pelican State CU has increased its total deposits by $10.49 Million, and excellent annual growth rate of 5.05%. Please refer to our financial overview of Pelican State Credit Union for more details.

Pelican State Credit Union (NCUA Charter # 62710) was founded in 1956 as the Department of Hospitals Credit Union, with a membership comprised of employees of Louisiana charity hospitals, mental health centers, and state office personnel. The Pelican State Credit Union name was adopted in 1988 to better reflect the expanding field of membership. Today, Pelican State CU has 42,600+ members and assets in excess of $245 Million.

How the CDs Compare

When compared to the 141 similar length-of-term CDs tracked by that require a similar minimum deposit and are available to Louisiana residents, Pelican State Credit Union's 48-month Share Certificate currently ranks first.

When compared to the 159 similar length-of-term CDs tracked by that require a similar minimum deposit and are available to Louisiana residents, Pelican State Credit Union's 60-month Share Certificate currently ranks second.

The above rates are accurate as of 10/22/2015.

To look for the best nationwide CD rates and the best CD rates in your state, please refer to our CD rates table.

Related Pages: Pelican State Credit Union, Shreveport, Monroe, Lafayette, Lake Charles, Alexandria, Baton Rouge

High-Yield Reward Checking Account at a Louisiana CU (Pelican State)

Update 2/14/11: The top rate has fallen to 4.01% APY for balances up to $20K

Pelican State Credit Union is offering a reward checking account called e-Xtra Bonus Share Draft. It pays 4.01% APY on balances up to $20,000 and refunds ATM fees of up to $12 per cycle if the following monthly requirements are met:

  • 15 debit card purchases (must total $300 effective Aug 1, 2011)
  • one direct deposit or payroll deduction
  • receive electronic statements
  • access your account online

If all of these are not met, the rate falls to 0.50%. The 0.50% rate still...

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