Don't just take it from us, hear it from our real members!
Our Rates
When we say Pelican Pays, we mean it! Check out these rates and see it for yourself:
Financial wellness is within reach.
Did you know that in the U.S., Louisiana consistently ranks last in financial literacy? Pelican is on a mission to change that. We are passionate about equipping our members and communities with the financial resources they need to thrive.
Free Credit Counseling
All Pelican members have FREE access to credit counseling. Meet with one of our Nationally Certified Credit Counselors to go over your budget, learn more about credit and scores, or talk about a specific goal you want to meet.
Financial Wellness Program
For members who want to go above and beyond to transform their financial situation, we offer a dedicated Financial Wellness Program. You'll work with a credit counselor to develop a personalized plan, then meet with them periodically to track your progress. Graduates of this program move on to buying houses, cars, and escaping the spiral of debt!
Financial Wellness Workshops
From homebuying to credit scores, budgeting to buying your first car, we've got the answers you're looking for! Each month, we host virtual workshops where you can interact with our credit counselors and ask your questions about a specific topic.
Budgeting Tools
All members have access to MyFinances, a financial management tool within our app that let's you tag and categorize transactions, track progress toward your goals, ensure you're paying bills on time, and more!
Over the past 5 years, Pelican lent over $6 million out to members who previously didn't qualify before joining our Financial Wellness Program.
Real members, real stories.
"If you want to dream, keep dreaming. If you want to realize your dream, come to Pelican." - Charles White, Pelican member
"My Team Pelican Savings account makes me determined to make all A's on my report card." - Erin Johnson, Pelican member
Become one of over 80,000+ members and see how Pelican Pays!
Millions of people already qualify for Pelican membership! You or your immediate family member just needsto meet any of the following criteria:
You work for (or are retired from) one of our hundreds of Partners.
You live in one of the following parishes:
Acadia, Allen, Ascension, Assumption, Avoyelles, Beauregard, Calcasieu, Caldwell, Cameron, Catahoula, Concordia, East Baton Rouge, East Carroll, East Feliciana, Evangeline, Franklin, Grant, Iberia, Iberville, Jackson, Jefferson Davis, Lafayette, LaSalle, Lincoln, Livingston, Madison, Morehouse, Natchitoches, Ouachita, Point Coupee, Rapides, Richland, Sabine, St. Martin, St. Mary, St. Helena, St. Landry, St. Tammany, Tensas, Union, Vermilion, Vernon, West Baton Rouge, West Carroll, West Feliciana, or Winn.
You are a Pelican CU employee.
Louisiana children are our future.
There is so much more we can do to prepare our children for the future. Pelican is dedicated to equipping our youth with tools, education, and resources to ensure a bright future.
Team Pelican Youth Savings Account
Saving is an essential, lifelong skill and the sooner kids learn it, the better! This account is designed for members under 17 and helps to prepare them for the future. Plus, students will earn cash for good grades on their report cards!
Teen Checking & Debit Cards
Whether they’re on a school trip, hanging out with friends, or going to the big game on Friday night, teens need quick and easy access to their money. Give them some independence and give yourself some peace of mind with a Teen Checking account!
Pelican has been consistently named one of the best places to work in Baton Rouge.
You can feel good knowing that you're with a credit union that takes care of its people.
It's time to bust some credit union myths.
Do you believe one of these myths about credit unions? It's okay, because we're here to bust them! Download the full eBook or check out some of the most popular myths below.
MYTH: Credit unions have fewer locations than banks.
FACT: While credit unions don’t have thousands of branches with their logo on them across the country, many of them are part of the CO-OP Shared Branch Network. This gives members access to thousands of branches, and in some cases, ATMs, across the United States.
The CO-OP Shared Branch logo signifies these branches. You can visit these credit unions or credit union service centers while you’re out of town to make deposits, payments or withdrawals. There are over 5,000 locations nationwide!
MYTH: Switching to a credit union is a difficult and
negative experience.
negative experience.
FACT: It’s not as difficult as people make it out to be. Most of the time, we get comfortable using one place, so it seems like a hassle to switch your money over. This isn’t the case!
Many credit unions have a switch kit to make the process easier. It helps you by making a short checklist of things you need to do to switch over to another financial institution. This way, nothing’s forgotten and there’s no stress (the way it should be)!
MYTH: Credit unions aren’t high tech.
FACT: This one is really far from the truth. Many credit unions have online banking and mobile apps for their members to use. These aren’t some cut-and-paste mobile apps either—many of them have great features like transfers, card controls, quick balance, graphs to show what you’re spending and even remote deposit.
The next time someone says that credit unions only allow you to visit a branch to perform transactions, let them know that credit unions offer much, much more than just personalized service in a branch. They also have high tech digital services available to their members for convenient account access whenever, wherever.
MYTH: There’s no difference between a bank and a
credit union.
credit union.
FACT: There are so many differences between banks and credit unions. Banks have customers and credit unions have members. Credit unions are not-for-profit; they pass profits onto their members in the forms of lower loan rates and higher dividends, whereas banks are for-profit and pass profits onto their shareholders in the stock market.
As a not-for-profit financial institution, the credit union is democratically controlled by the members. The board of directors is made up of volunteers who are actual members of the credit union as well. These board members are voted on by other members of the credit union. Banks, however, are run by their shareholders, and their positions are paid.
MYTH: Credit unions only help you with your credit.
FACT: Credit unions like Pelican have programs available for financial wellness that ultimately help members with their credit, but that isn’t the only thing we do. Credit unions offer a variety of products and services to people in all stages of life, whether that’s a youth account for the younger generation or IRAs for people planning for retirement.
They also give back through community service, constantly working with and supporting local businesses, and finding ways to spread financial education to people in their towns.
Pelican is federally insured by NCUA. Calculate your share insurance by using the MyCU.gov Share Insurance Estimator.
*Pelican CU membership eligibility required to take advantage of all Pelican products and services. If you are not a Pelican member, you must be eligible to open a primary savings account with Pelican to become one. The deposit to open a primary savings account starts at a minimum of $15 ($10 to join + $5 minimum balance).
**Balance Transfers: Pelican Credit Union membership and a Points, Premier, or Prime credit card are required. If you are not currently a Pelican member, you must be eligible to open a Primary Share account to become one. The minimum deposit to open a Primary Share account is $15 ($10 membership fee plus a $5 minimum balance). All credit is subject to approval based on creditworthiness. Not all applicants will qualify. APR = Annual Percentage Rate. Balance transfers may not exceed your approved credit limit. Promotional APRs do not apply to purchases or cash advances. There is no grace period for balance transfers. Finance charges will begin accruing on the date each balance transfer posts to your account. Finance charges are calculated using the Average Daily Balance Method, as described in your Cardholder Agreement. A promotional rate of 0% APR may be available for qualifying accounts only. The promotional rate expires 12 months from the posting date of the first qualifying balance transfer. To qualify for the promotional rate, balance transfers must post to the account by December 31, 2026. Any remaining balance after the promotional period will be subject to the regular balance transfer APR. Rates are subject to change. Balance transfers may not be used to pay any loan, line of credit, or credit card account maintained by Pelican Credit Union. Balance transfers do not earn reward points. Verification may be required. There is no minimum balance requirement for balance transfers themselves. Pelican Credit Union reserves the right to decline any balance transfer request, including duplicate requests. A balance transfer fee of $5 or 3.5% of the amount of each balance transferred, whichever is greater, will apply unless otherwise disclosed in a specific promotional offer.
1APR = Annual Percentage Rate. Rates shown above are the lowest offered by Pelican Credit Union for the advertised product. Loan approval is based on certain credit criteria. Not everyone will qualify for rate or APR advertised. Loan rate, term, and monthly payment are determined by credit worthiness, collateral, and loan to value. Not all applicants may be approved. Rates may change after account is opened. New/Used Autos: Sample auto loan is $50,000 for 36 months at a rate of 4.24%. APR is 4.34%, which includes a $75.00 Loan Documentation Fee, estimated payment of $1,481.69, max LTV of 100%, and a minimum credit score of 730. Final rate and term determined by collateral. Payment may vary based on credit protection products added to the loan. Personal Loans: APR calculated using interest rate of 10.25%, a 12-month term, and a $3,000 loan amount which includes a $15 document fee. Resulting APR of 11.20% at this term and loan amount equals an estimated monthly payment of $264.15. Payment may vary based on credit protection products added to the loan.
2Pelican Credit Union membership is required to open a Stack Checking account. To become a member, you must open and maintain the required share account. The par value of one share is $5.00, and one share is required for membership. A minimum deposit of $25.00 is required to open a Stack Checking account. Pelican reserves the right to limit Stack Checking accounts to one per primary account holder Social Security number. Not everyone will qualify to open an account. Stack Checking is a tiered-rate account. The dividend rate and Annual Percentage Yield (APY) may change at any time as determined by the Credit Union’s Board of Directors. The dividend rate and APY are the rate and yield as of the last dividend declaration date, which is set forth in the Rate Schedule. If your average daily balance is $20,000.00 or below and your Stack Checking account meets all minimum service requirements during the qualification period, the first dividend rate and APY listed for this account in the Rate Schedule will apply for the dividend period. If your average daily balance is greater than $20,000.00 and your Stack Checking account meets all minimum service requirements during the qualification period, the second dividend rate and range of APYs listed for this account in the Rate Schedule will apply for the dividend period. Each dividend rate will apply only to that portion of the account balance within each balance range. The minimum service requirements include: (1) making 15 debit card point-of-sale purchases that are cleared and posted to your account during the qualification period; ATM transactions do not qualify; (2) having direct deposit, ACH debit, ACH credit, or Bill Pay transaction posted to your Stack Checking account; (3) accessing online banking once during the qualification period; and (4) receiving your monthly statement electronically. If you meet all minimum service requirements during the qualification period, all nationwide ATM fees will be refunded by the second day of the next calendar month. Dividends earned and ATM fees refunded on the Stack Checking account will automatically be transferred to the Stack Savings Share account, if available, during the first week of the next calendar month. If you do not meet all minimum service requirements during the calendar month, the third dividend rate and APY listed in the Rate Schedule will apply to the entire balance in your Stack Checking account. The qualification period is defined as a period beginning on the last day of the prior calendar month and ending on the next-to-last day of the calendar month in which the dividends are paid. For complete account terms, limitations, and current rate information, refer to Pelican’s Truth-in-Savings Disclosure, Rate Schedule, and Schedule of Fees and Charges. Federally insured by NCUA.
³APY = Annual Percentage Yield is accurate as of today and is subject to change at any time, without advance notice. Minimum opening balance $500.00. Rates are fixed for the term of the certificate, but may change after that. Certificates are established on the day the account is opened and funded. Once established, the current rate in effect is locked in for the term of the certificate. Funds may be wired in order to receive and lock in a rate once the account has been established. Deposits sent by mail will be subject to the date the certificate is funded, not the day it was opened. Withdrawal of dividends will reduce earnings. Early withdrawal penalties apply. Requests for early withdrawals must be provided in writing.