Pelican State Credit Union
Headquarters
P.o. Box 40088
Baton Rouge, LA 70835
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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 $668.17 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 | $668.17 million |
| Loans | $565.59 million |
| Deposits | $583.07 million |
| Capital | $73.89 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 - April 16, 2024
Your Current Location: Ohio, OH 43085
| Savings and Money Market Rates (Share Account Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| Savings
|
0.50% | $2,500 | $4,999 |
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|
| CD Rates (Share Certificate Rates) | APY | MIN | MAX | |
|---|---|---|---|---|
| 6 Mo CD
|
4.86% | $500 | - |
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|
| 6 Mo CD
|
4.86% | $10,000 | - |
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|
| 8 Month
|
4.90% | $500 | - |
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|
| 8 Month Jumbo
|
4.90% | $10,000 | - |
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|
| 12 Mo CD
|
5.17% | $500 | - |
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|
| 12 Mo CD
|
5.17% | $10,000 | - |
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|
| 24 Mo CD
|
5.00% | $500 | - |
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|
| 24 Mo CD
|
5.00% | $10,000 | - |
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|
| 36 Mo CD
|
4.23% | $500 | - |
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|
| 36 Mo CD
|
4.23% | $10,000 | - |
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|
| 48 Mo CD
|
3.71% | $500 | - |
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|
| 48 Mo CD
|
3.71% | $10,000 | - |
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|
| 60 Mo CD
|
3.82% | $500 | - |
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|
| 60 Mo CD
|
3.82% | $10,000 | - |
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|
| Checking Rates | APY | MIN | FEE | |
|---|---|---|---|---|
| Kasasa Cash | 6.50% | $0 | $0.00 | Learn More |
| Horizon Checking | 0.00% | $0 | $10.00 | Learn More |
Loan Rates - April 16, 2024
Your Current Location: Ohio, OH 43085
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 - Ohio 30 Year Fixed Mortgage Rates 2024
| Lender | APR | Rate (%) | Points | Fees | Monthly Payment |
Learn More |
|---|---|---|---|---|---|---|
NMLS ID: 447490 |
6.844% | 6.750% | 1.00 | $3,078 | $2,076 | Learn More |
NMLS ID: 401822 |
6.932% | 6.750% | 0.88 | $6,000 | $2,076 | Learn More |
NMLS ID: 3030 |
7.451% | 7.375% | 0.75 | $2,400 | $2,211 | Learn More |
NMLS ID: Not a Lender |
Learn More |
Featured - Ohio Home Equity Line Of Credit Rates 2024
| Lender | APR (%)? | Monthly Payment? | Learn More |
|---|---|---|---|
Third Federal Savings and Loan See Table |
7.490 %
|
$0 |
Learn More
More Info |
Note to Pelican State
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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:
Columbus,Ohio
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 |
|---|---|
| 42.49% | 6.97 |
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 December 31, 2023, Pelican State had $33,044,337 in non-current loans and $137,904 in owned assets. To cover these potential losses it had $73,888,759 in net worth and $4,204,034 in loans loss reserves. That gives it a Texas Ratio of 42.49%.
Net Worth
| Pelican State | U.S. Average |
|---|---|
| 11% | 13.62% |
Pelican State FCU has a net worth of 11% versus the BestCashCow average of 13.62. 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
BabyBoomerPA
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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