PELICAN CREDIT UNION - Covington, LA

Welcome to Pelican State, your trusted partner in financial growth and stability right here in Covington, LA! Since our establishment in 1956, we have proudly served our community with a commitment to enhancing the financial well-being of our 78,014 members. Located at 100 Cherokee Rose Ln, we invite you to experience personalized banking that puts you first. At Pelican State, we manage over $734 million in assets and provide a wide range of services designed to meet the unique needs of our members. With total loans exceeding 49,735, and deposits amounting to $35,064,972, our strong financial position reflects our dedication to responsible banking practices and member satisfaction. Our net worth stands at an impressive $74,593,435, ensuring that your funds are secure with us. We understand that every financial decision matters. That's why our team is here to assist you with everything from checking and savings accounts to auto loans and mortgage refinancing. Whether you're looking for personal loans or business banking solutions, Pelican State is dedicated to helping you achieve your financial goals. Our leadership team, including CEO Jeffrey Conrad and Board President Janelle Folse, works tirelessly to foster a supportive environment where members feel valued. We also take pride in our friendly staff of 321 employees, who are ready to help you navigate your banking journey. While members can visit us at 100 Cherokee Rose Ln, official correspondence should be sent to the same address or reach out via phone at 225-408-6100. We are open Monday through Friday from 9 AM to 5 PM and Saturday from 9 AM to 1 PM. Join us today and discover how Pelican State can make a difference in your financial life. For more information about our services or to become a member, please visit us online at pelicanstatecu.com. Your journey toward better banking starts here!

At Pelican State, we believe that becoming a member is not just about opening an account; it's about joining a caring community that supports your financial journey. If you live, work, worship, or attend school in our area, you're likely eligible to become part of our family! We welcome anyone who shares our values and wants to benefit from the exceptional services we offer. Membership comes with advantages such as personalized service, competitive rates on loans and savings, and access to a variety of financial products tailored to meet your needs. To make things even easier for you, the process of joining is straightforward. Simply visit us at 100 Cherokee Rose Ln Covington La 70433 or give us a call at (225) 408-6100 for more information. You can also check out our eligibility criteria for the most up-to-date details. Ready to take the next step? Opening an account is just a click away visit https://my.pelicanstatecu.com/enroll to get started!

At Pelican State, financial security is not just a goal it's a promise. Our members count on us for stability, and we take that responsibility seriously. We are proud to share that our performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov, based on the latest results. With a net worth of $74,593,435, we maintain strong financial health, allowing us to offer better rates, lower fees, and enhanced member services. Our net worth ratio of 10.12% demonstrates a solid capital foundation, ensuring that we can continue providing loans, competitive savings rates, and uninterrupted services even in uncertain economic times. Members' savings are secured through $243,812,750 in share certificates and $4,351,932 in money market shares, offering stable and rewarding financial growth opportunities. Unlike traditional banks, we prioritize our members. With non-member deposits at $3,526,164, we ensure that our resources are focused on benefiting you through better loan rates, lower fees, and exclusive perks. With $67,922,870 in undivided earnings, we reinvest in innovative banking tools, stronger lending options, and enhanced security measures to serve our members better. Our lending capacity is robust; with $9,566 in used auto loans and $609,047,157 in total loans and leases, we support members' financial goals across various sectors. Our operational efficiency is reflected in our $-$927,730, which enables us to continue offering competitive loan rates and solid financial products for our members. We also take pride in having 319 full-time employees and 2 part-time employees, ensuring our branches are always ready to serve you with a knowledgeable, committed team. Net Shares (Funds available for lending and investments): $49,792,264. Total Share and Deposit Accounts: 149,847, showing a strong and growing member base that trusts us with their finances. Our financial strength means we can continue serving you with confidence. Whether you're saving, borrowing, or planning for the future, Pelican State is your trusted partner. Visit us at 100 Cherokee Rose Ln Covington La 70433 or call (225) 408-6100 to learn more about how we can help you achieve your financial goals.