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%	4.60% →
1-Year CD	4.33%	4.59% →
2-Year CD	1.97%	4.00% →
5-Year CD	3.97%	4.00% →
30-Year Mortgage	N.A.	4.91% →
15-Year Mortgage	N.A.	4.39% →
HELOC	N.A.	0.99% →

Reviewed by 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.

Overview
Membership
Deposit Rates
Loan Rates
Branches
Climate
Financial Details
FAQs
Reviews

2025 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 $811.65 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	$811.65 million
Loans	$679.02 million
Deposits	$702.30 million
Capital	$72.93 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 - December 15, 2025

Your Current Location: North Carolina, NC 10007

Savings and Money Market Rates (Share Account Rates)	APY	MIN	MAX
Savings	0.50%	$2,500	$4,999	Learn More Reviews

CD Rates (Share Certificate Rates)	APY	MIN	MAX
6 Mo CD	0.10%	$500	-	Learn More Reviews
6 Mo CD	4.33%	$10,000	-	Learn More Reviews
8 Month	4.49%	$500	-	Learn More Reviews
8 Month Jumbo	4.49%	$10,000	-	Learn More Reviews
12 Mo CD	0.10%	$500	-	Learn More Reviews
12 Mo CD	4.33%	$10,000	-	Learn More Reviews
24 Mo CD	0.10%	$500	-	Learn More Reviews
24 Mo CD	1.97%	$10,000	-	Learn More Reviews
36 Mo CD	0.10%	$500	-	Learn More Reviews
36 Mo CD	2.07%	$10,000	-	Learn More Reviews
48 Mo CD	0.10%	$500	-	Learn More Reviews
48 Mo CD	4.07%	$10,000	-	Learn More Reviews
60 Mo CD	3.97%	$500	-	Learn More Reviews
60 Mo CD	2.02%	$10,000	-	Learn More Reviews

Checking Rates	APY	MIN	FEE
Kasasa Cash	5.01%	$0	$0.00	Learn MoreShow Less
Horizon Checking	0.00%	$0	$10.00	Learn MoreShow Less

Loan Rates - December 15, 2025

Your Current Location: North Carolina, NC 10007

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 - North Carolina 30 Year Fixed Mortgage Rates 2025

Lender	APR	Rate (%)	Points	Fees	Monthly Payment	Learn More
NMLS ID: 401822	0.000%	0.000%	0.00	$0	$0	Learn More
NMLS ID: 2578474	5.862%	5.750%	0.88	$3,930	$1,868	Learn More
NMLS ID: 408902	5.867%	5.750%	0.88	$4,081	$1,868	Learn More
NMLS ID: 292473	5.872%	5.750%	0.75	$4,277	$1,868	Learn More

See More Mortgage Rates →

Featured - North Carolina Home Equity Line Of Credit Rates 2025

Lender	APR (%)^?	Monthly Payment^?	Learn More
Agave Home Loans See Table	0.000 %	$0	Learn More More Info
This closed-end, fully amortizing home equity loan offers repayment terms from 15 to 30 years. The Annual Percentage Rate (APR) typically ranges from approximately 7.75% to 13.00%, depending on factors such as credit qualifications, loan-to-value ratio, property type, and market conditions. Origination fees of about 2% to 4% of the loan amount (potentially higher) may apply, and additional closing costs and fees may be required; these will be disclosed in your loan estimate. Minimum loan size of $50,000. All loan applications are subject to credit approval and formal underwriting, and product availability may vary based on property location, state restrictions, and other eligibility criteria. Rates and terms are for illustrative purposes only and are subject to change without notice; this is not a commitment to lend or an offer of credit. Homeowners insurance is required, and flood insurance may be required if the property is located in a Special Flood Hazard Area. Your home secures this loan, and you could lose your property if you fail to make payments. The maximum APR will not exceed the maximum permitted by law in your jurisdiction, and minimum and maximum loan amounts may apply. All information is provided “as is” without warranty of any kind. The lender assumes no liability for errors or omissions and reserves the right to modify or discontinue products at any time without prior notice. REFI, HELOC, & Home Equity Loan Options A+ BBB Rating & 1500+ 5-Star Reviews Get a Quote WITHOUT a Hard Credit Pull Top 3 in Customer Satisfaction by Lending Tree Q4 2024
Upstart Home Lending See Table	Intro APR 6.520 % After Intro: 6.520 %	$20,800	Learn More More Info
1. Upstart Mortgage offers HELOCs from $26K-$250K. An initial draw of 80% of the approved credit limit is required at account opening. 2. Terms shown here are subject to change without notice. APRs for initial advances range from 6.52% to 18.00% based on rates offered as of July 2025. The lowest rate is only available to consumers willing to become a member of a credit union and to those who meet a minimum FICO score of 780, CLTV under 70%, and DTI under 45%. Your actual rate will depend on many factors such as your credit history, combined loan-to-value ratio (CLTV), line amount, loan term, lien position, and property state. Origination fee to open an account is between 0% and 4.99% of the approved credit limit. The Annual Percentage Rate ("APR") is variable and based on the Prime Rate as published in the Wall Street Journal "Money Rates" table plus or minus a margin. Your APR will never be less than 3.99% or greater than 18.00%. Property insurance is required. 3. All mortgage lending conducted by Upstart Mortgage, LLC dba Upstart Home Lending. NMLS #2443873 As low as 6.52% APR on your initial draw* Get your money up to 10x faster than the industry standard Fixed rate on each draw No paperwork needed to apply
Figure Home Equity See Table	Intro APR 6.850 % After Intro: 6.850 %	$15,000	Learn More More Info
Available APRs range from 6.35% - 14.90%*, which includes the payment of a higher origination fee in exchange for a reduced interest rate, which is not available to all applicants or in all states.(the advertised APR includes a combined 0.25% discount for opting into a credit union membership (0%) and enrolling in autopay (0.25%) as well as payment of higher origination fee in exchange for a reduced rate, which is not available to all applicants or in all states). The lowest APRs are only available to the most qualified applicants, depending on credit profile and the state where the property is located, and those who also select five year loan terms; APRs will be higher for other applicants and those who select longer loan terms. Rates change frequently so your exact APR will depend on the date you apply. APRs for home equity lines of credit do not include costs other than interest. You will be responsible for an origination fee of up to 4.99% of your initial draw, depending on the state in which your property is located and your credit profile. You may also be responsible for paying the costs of valuation if an AVM is not available for your property ($180), manual notarization if your county doesn’t permit eNotary ($380), and recording fees ($0 - $315) and recording taxes, which vary by state and county ($0-$1,400 per one hundred thousand dollars borrowed). Property insurance is required as a condition of the loan and flood insurance may be required if your property is located in a flood zone. Flexible terms, borrow $15K-$750K, redraw up to 100% Use to consolidate debt or finance your next home project 100% digital app & automated valuation Largest non-bank HELOC lender in the US
Reliant Home Funding, Inc See Table	Intro APR 6.850 % After Intro: 6.850 %	$15,000	Learn More More Info
Available APRs range from 6.60% - 14.15*, which includes the payment of a higher origination fee in exchange for a reduced interest rate, which is not available to all applicants or in all states.(The advertised APR includes enrolling in autopay (0.25%) as well as payment of higher origination fee in exchange for a reduced rate, which is not available to all applicants or in all states). The lowest APRs are only available to the most qualified applicants, depending on credit profile and the state where the property is located, and those who also select five year loan terms; APRs will be higher for other applicants and those who select longer loan terms. Rates change frequently so your exact APR will depend on the date you apply. APRs for home equity lines of credit do not include costs other than interest. You will be responsible for an origination fee of up to 4.99% of your initial draw, depending on the state in which your property is located and your credit profile. You may also be responsible for paying the costs of valuation if an AVM is not available for your property ($180), manual notarization if your county doesn’t permit eNotary ($380), and recording fees ($0 - $315) and recording taxes, which vary by state and county ($0-$1,400 per one hundred thousand dollars borrowed). Property insurance is required as a condition of the loan and flood insurance may be required if your property is located in a flood zone. Consumers wishing to file a complaint against a mortgage company or a licensed residential mortgage loan originator should complete and send a complaint form to the Texas department of savings and mortgage lending, 2601 North Lamar, Suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed mortgage company. Relationships Rule: Transactions end, Relationships remain Accountability is Personal: Reflection before Projection Service through Knowledge: Great service means great understanding Evolve to Excel: We need to adapt and improve to succeed
Third Federal Savings and Loan See Table	Intro APR 6.990 % After Intro: 6.990 %	$0	Learn More More Info
Conditions… Variable APR of Prime minus 1.01% in all states. Min loan amount $10,000. Max loan amount $200,000. 30-year term. Annual fee waived for the first year. See conditions for guarantee at thirdfederal.com. Third Federal rate are typically 20% lower than other leaders Guaranteed Lowest Rate No closing costs, prepayment penalties, or minimum draw requirements 10 year draw period
Achieve Loans See Table	Intro APR 7.240 % After Intro: 7.240 %	$0	Learn More More Info
Offers may vary; all loan requests are subject to eligibility requirements, application review, loan amount, loan term, income verification, and lender approval. Product terms are subject to change at any time. Offers are a line of credit. Loans are not available to residents of all states and available loan terms/fees may vary by state where offered. Line amounts between $15,000 and $300,000 and are assigned based on product type, debt-to-income ratio and combined loan-to-value ratio. 10, 15, 20, and 30-year terms available. Minimum 600 credit score applies for debt consolidation requests (20 and 30 year terms require a minimum credit score of 640), minimum 700 applies for cash out requests. Fixed rate APRs range from 6.240%- 14.00% and are assigned based on underwriting requirements. Offer APRs assume automatic payment enrollment which may provide a discount (autopay enrollment is not a condition of loan approval). All terms have a 5-year draw period with the remaining term being a no draw period. Payments are fully amortized during each period and determined on the outstanding principal balance each month. Closing fees range from $750 to $6,685, depending on line amount and state law requirements and typically include origination (up to 3.5% of line amount) and underwriting ($725) fees if allowed by law. Property must be owner-occupied. CLTV ratio may not exceed 75%, including the new loan request. Property insurance is required and flood insurance may be required if the subject property is located in a flood zone. You must pledge your home as collateral. 6.240% APR requires low DTI and CLTV; a maximum loan amount of up to $150,000; 10-year term; FICO 780+; and automatic payment enrollment. Contact Achieve Loans for further details. Equal Housing Opportunity. Competitive rates, Pre-qualify in minutes Mortgage Advisors standing by to help find the best solution Flexible terms with fast funding Minimum credit score: 600
Splash Financial See Table	Intro APR 7.250 % After Intro: 7.250 % Intro Period: 8 months	$25,000	Learn More More Info
This rate is variable and will fluctuate with the Prime Rate as published in the Wall Street Journal. Variable Annual Percentage Rate (APR) for first and second lien position home equity lines of credit will vary with the Prime Rate as published in the Wall Street Journal. As of 11/4/2025, the variable rate for new home equity lines of credit is Prime – 0.25% to Prime + 2.50% (6.75% APR to 9.50% APR). Your rate will not exceed 18.000% APR. Making minimum interest-only payments will not pay down your principal. An annual fee of $100 will apply every year after the first year from the date of funding. Not all applicants are eligible for the maximum line of credit amount or the maximum combined loan to value (LTV). The property type, applicant creditworthiness, verified income, and third party property valuation all may affect eligibility. Maximum LTV ratios of 90%, 80% or 70% apply depending on creditworthiness and property eligibility. Offer available for owner-occupied, 1-4 unit residential properties only. For HELOC amounts at and above $100,000, Splash requires an initial draw of at least $75,000. For line amounts less than $100,000, you must draw at least 75% initially. Additional draw amounts are subject to lender minimums. To check the rates and terms you qualify for, Splash Financial conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, the lender will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit. Borrow up to $500,000 Apply 100% online in minutes with a user-friendly platform Check your rate without affecting your credit ** Tap into home equity today

See More Home Equity Rates →

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:
Lexington,North Carolina

Pelican State Locations around zip code 10007

Branch	Distance	Map	View Lobby Hours
Conway	669.94	A	View Lobby Hours
Jackson	674.01	B	View Lobby Hours
Denham	677.00	C	View Lobby Hours
Zachary	678.38	D	View Lobby Hours
Corporate Office	682.43	E	View Lobby Hours
Mid-City	683.90	F	View Lobby Hours
Pineville	713.75	G	View Lobby Hours
Alexandria	718.39	H	View Lobby Hours
Opelousas	724.35	I	View Lobby Hours
Shreveport	750.82	J	View Lobby Hours
Lake Charles	787.24	K	View Lobby Hours
FIRESTONE LAKE CHARLES FEDERAL CREDIT UNION	792.97	L	View Lobby Hours

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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
23.57%	5.63

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 June 30, 2025, Pelican State had $17,803,650 in non-current loans and $373,850 in owned assets. To cover these potential losses it had $72,931,049 in net worth and $4,204,034 in loans loss reserves. That gives it a Texas Ratio of 23.57%.

Net Worth

Pelican State	U.S. Average
8.97%	14.29%

Pelican State FCU has a net worth of 8.97% versus the BestCashCow average of 14.29. 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.

Is this review helpful? Yes:0 / No: 0

Add Your Review

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