Pelican State Credit Union

Headquarters

P.o. Box 40088
Baton Rouge, LA 70835
See all branch locations →

Notable Rates APY Vs.Others
Savings 0.50% 5.50% →
1-Year CD 3.04% 5.38% →
2-Year CD 3.87% 4.95% →
5-Year CD 3.56% 4.55% →
30-Year Mortgage N.A. 4.91% →
15-Year Mortgage N.A. 4.39% →
HELOC N.A. 0.99% →

2024 Overview

General Credit Union Information

Pelican State is an NCUA insured institution located in Baton Rouge, LA. It was founded in 1956 and has approximately $737.77 millions in assets.

Membership Eligibility
- You work for one of Pelican State CU's Select Employer Groups (SEGs)
- You are a Pelican State CU employee
- You are a member of one of Pelican's partner associations
- Your immediate family member is eligible for membership
- You reside in Rapides, St. Landry, or St. Tammany parish

NCUA Insured Yes / State-Chartered
Charter Number # # 62710
Date Established 1956
Assets $737.77 million
Loans $571.94 million
Deposits $650.99 million
Capital $74.24 million
 

Field of Membership Restrictions

Membership in Pelican State Credit Union is open to those who live in Rapides Parish, St. Landry and St. Tammany Parish or work for or retired from one of the credit union's Select Employee Groups (not listed on the credit union's site).

Deposit Rates - July 25, 2024

Your Current Location: Virginia, VA 20146

Savings and Money Market Rates (Share Account Rates) APY MIN MAX
Savings
0.50% $2,500 $4,999 Learn More
CD Rates (Share Certificate Rates) APY MIN MAX
6 Mo CD
3.04% $500 - Learn More
6 Mo CD
3.04% $10,000 - Learn More
8 Month
4.49% $500 - Learn More
8 Month Jumbo
4.49% $10,000 - Learn More
12 Mo CD
3.04% $500 - Learn More
12 Mo CD
3.04% $10,000 - Learn More
24 Mo CD
3.87% $500 - Learn More
24 Mo CD
3.87% $10,000 - Learn More
36 Mo CD
3.97% $500 - Learn More
36 Mo CD
3.97% $10,000 - Learn More
48 Mo CD
3.04% $500 - Learn More
48 Mo CD
3.04% $10,000 - Learn More
60 Mo CD
3.56% $500 - Learn More
60 Mo CD
3.56% $10,000 - Learn More
Checking Rates APY MIN FEE
Kasasa Cash 6.50% $0 $0.00 Learn MoreShow Less
Horizon Checking 0.00% $0 $10.00 Learn MoreShow Less

Loan Rates - July 25, 2024

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for Pelican State

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:



Featured - Virginia 30 Year Fixed Mortgage Rates 2024

Lender APR Rate (%) Points Fees Monthly
Payment
Learn More
PenFed Credit Union
NMLS ID: 401822
6.668% 6.500% 0.75 $5,603 $2,023 Learn More
Mutual of Omaha Mortgage, Inc.
NMLS ID: 1025894
6.725% 6.625% 0.75 $3,298 $2,049 Learn More
Rocket Mortgage
NMLS ID: 3030
7.064% 6.990% 0.75 $2,400 $2,127 Learn More
FHAloans.com
NMLS ID: Not a Lender
Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2024

Lender APR (%)? Monthly Payment? Learn More
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
7.990 %
$0 Learn More
More Info

Note to Pelican State
To upload and update your bank's rates please register. It is free to register and add rates.

Branches

Below are Pelican State branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia



Climate Policy and Initiatives

PELICAN STATE is encouraged to provide us with this information. When we receive this information from the credit union, we will provide it here.


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Financial Details

Pelican State Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of Pelican State. The data is provided by the NCUA. All credit unions on BestCashCow, except those specified as not NCUA-insured in the overview section above, are NCUA-insured. Depositors should be careful to remain within NCUA insurance limits.

Texas Ratio
Pelican State U.S. Average
40.19% 6.52

The Texas Ratio compares the amount of loans at risk and assets repossessed with the amount a credit union has on hand to cover any losses. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a credit union has to absorb its loan losses.

As of March 31, 2024, Pelican State had $31,465,967 in non-current loans and $62,473 in owned assets. To cover these potential losses it had $74,239,491 in net worth and $4,204,034 in loans loss reserves. That gives it a Texas Ratio of 40.19%.

Net Worth
Pelican State U.S. Average
10.03% 13.65%

Pelican State FCU has a net worth of 10.03% versus the BestCashCow average of 13.65. Net worth measures how much total assets exceed total liabilities. The higher the net worth number the more secure a credit union is considered.



Customer Reviews for Pelican State


  • December 15, 2022 |

    I have been a member for over 30 years and Pelican has consistently offered deposit rates that are higher than bank and credit union averages. All my kids and grandkids park their savings with Pelican and the outperform the averages.


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