Pelican State Credit Union Covington LA | Affordable Vehicle Loans & ATM Services

Introduction

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!

Branch History & Mission

Our Mission

At Pelican State, our mission is clear: to enhance the lives of our members by providing exceptional financial services while fostering a sense of community. We believe that everyone deserves access to quality financial resources, which is why we are dedicated not only to banking but also to supporting local initiatives and charitable organizations. This commitment ensures that as our branch grows, so does our positive impact on Covington and its residents. While members can visit us at 100 Cherokee Rose Ln for all their banking needs from ATM access to drive-thru services we encourage official correspondence to be sent to our mailing address: 100 Cherokee Rose Ln, Covington, LA 70433-7149. In addition to traditional services, we've embraced digital advancements that make banking more convenient. Whether it's through online banking or mobile payments, we strive to provide easy access for all members. Our facilities are ADA compliant, ensuring everyone can benefit from what we offer. We take pride in being an active participant in the Covington community through partnerships and outreach programs designed to uplift those around us. As part of this mission, we work closely with various organizations to promote financial literacy and well-being among our members. We invite you to join us at Pelican State! Experience firsthand how we combine modern banking solutions with personalized service. Visit us today or call us at 225-408-6100 to learn more about how we can assist you on your financial journey. Together, let's build a brighter future for ourselves and our community!

Branch Location & Accessibility

Get in Touch

We invite you to visit us at Pelican State's Covington branch or give us a call at 225-408-6100 if you have any questions or need assistance. Your financial journey is important to us, and we're here every step of the way!

Nearby Landmarks & Accessibility

Nestled in the heart of St. Tammany Parish, our branch is just a stone's throw away from popular spots like the beautiful Fontainebleau State Park and the lively Covington Farmers Market. This prime location makes it simple for you to stop by while enjoying everything our community has to offer. Parking is ample and accessible, ensuring that your visit is as smooth as possible. We take pride in offering features that cater to all members, including ADA-compliant entrances and ramps for those who may need extra assistance.

Operating Hours & Services

At Pelican State, we understand that your time is valuable. That's why we keep our doors open Monday through Friday from 9 AM to 5 PM, and on Saturday from 9 AM to 1 PM. Our team is here during these hours to help you with a wide array of services from checking and savings accounts to auto loans and mortgage options. If you're in need of quick transactions, don't forget about our drive-thru service! It provides an easy way for you to handle deposits, withdrawals, and other simple banking tasks without leaving your car. Plus, with ATM availability on-site, accessing cash has never been easier. For those who may be members of partner credit unions, we also offer shared services for basic transactions. You can enjoy added convenience when visiting us!

Member Eligibility

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 online at 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!

Business Banking & Commercial Services

Commercial Loan Options

Our commitment to supporting businesses is evident, with investments in business growth through our commercial lending programs: - We've funded over $51 in commercial loans for our members, helping businesses scale and succeed. - We also support the broader business community with $14 in non-member commercial loans, providing flexible financing solutions. - With an outstanding commercial loan portfolio of $3,911,770, we continue to drive economic growth by financing new and expanding businesses.

Merchant Services

In addition to our loan offerings, we provide merchant services that simplify transactions for business owners. Imagine having a reliable partner that helps you process payments seamlessly, manage your cash flow, and enhance customer satisfaction all while saving you time and money. Our services are crafted to fit the unique needs of your business, making everyday operations smoother. Whether you're just starting or looking to expand, Pelican State is here to support your journey every step of the way. Reach out today at (225) 408-6100 to learn more about how we can help your business succeed!

Comprehensive List Of Services

Business Banking Made Easy

For small business owners, we offer comprehensive business banking solutions including merchant services and business loans. We are here to support your entrepreneurial spirit with the tools necessary for success.

Convenient Digital Banking Features

In today's fast-paced world, convenience is key. That's why we provide robust online and mobile banking options, allowing you to manage your finances anytime, anywhere. From checking balances to transferring funds with just a few taps on your phone, we've made banking easier than ever. Need access to cash? Our ATM services ensure you can withdraw money whenever needed. Plus, with basic drive-thru banking available for deposits and withdrawals, as well as shared branch transactions for partner credit union members, we're always ready to assist you.

Personal Banking Solutions

Our personal banking services are tailored to help you navigate your financial journey. We offer checking and savings accounts that make it easy to manage your day-to-day expenses while saving for the future. Need a new car? Our auto loans and vehicle financing options provide competitive rates and flexible terms, ensuring you can get behind the wheel without breaking the bank. If home ownership is on your mind, our mortgage loans and refinancing options can help make that dream a reality. We also understand that life can be unpredictable, which is why our personal loans and debt consolidation services are designed to give you peace of mind when facing unexpected expenses.

Rewarding Credit Options

With our credit cards with rewards, you can earn benefits while making purchases. Enjoy cash back or points redeemable for travel whatever suits your lifestyle best!

We're Here for You

Whether you're inquiring about our services or ready to open an account, our friendly team is just a call away at 225-408-6100. With lobby hours from Monday through Friday 9 AM - 5 PM and Saturday from 9 AM - 1 PM, we're here to serve you. At Pelican State in Covington, LA, we pride ourselves on being more than just a financial institution; we're your partners in achieving financial stability and success. Explore all we have to offer by visiting us or checking out our website at Pelican State. Let us help you take the next step toward a brighter financial future!

Digital & Online Banking

Key Features

Our digital banking platform includes a range of user-friendly features. For starters, e-statements are available, allowing you to easily view and manage your statements without the hassle of paper clutter. Plus, if you need to sign documents, our electronic signature authorization makes it simple and secure. Need to send money to friends or family? Our person-to-person transfer feature allows you to quickly and easily send funds with just a few taps on your device. And for those who prefer using their smartphones for transactions, our mobile application is available for download, giving you access to all your banking needs while on the go.

Security and Convenience

Your safety is our top priority. Our online banking services are equipped with robust security measures to protect your personal information. You can rest easy knowing that your data is safeguarded as you bank online or via mobile payments. In addition to security, our mobile payments feature lets you pay bills and make purchases seamlessly from your smartphone. Whether you're at home or out shopping, managing your money has never been more accessible. At Pelican State, we strive to provide an intuitive online banking experience that meets the demands of modern life. Sign up today and discover how easy it is to take charge of your financial journey!

Financial Strength

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 $1,012 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 $0, 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.

Loan Offering

Auto Loans

Looking to buy a new car? Our auto loans offer some of the lowest rates in the industry, with over $200,208,394 in used vehicle loans and $58,771,726 in new vehicle loans already helping members get on the road. We provide flexible terms and competitive interest rates that make it easier for you to drive away in your next vehicle.

Business Loans

For business owners, our outstanding commercial loans totaling $3,911,770 provide the capital needed to grow and expand your business. We are committed to supporting local businesses through tailored financing solutions that fit their specific needs. At Pelican State in Covington, LA (100 Cherokee Rose Ln), we prioritize transparency and service excellence. If you're interested in refinancing options or need assistance determining your eligibility for any of our loan products, feel free to reach out at 225-408-6100. Our dedicated team is ready to assist you Monday through Friday from 9 AM to 5 PM and Saturday from 9 AM to 1 PM. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Explore our loan offerings today and discover how we can help you reach your financial aspirations!

Mortgage Loans

Thinking about homeownership? Our mortgage options include Junior Lien 1-4 Family Residential Properties loans totaling $32,127,041, making buying or refinancing simple. We can guide you through the process and help you understand your eligibility for different types of mortgages available at our branch.

Unsecured Credit Card Loans

We also offer flexible terms on unsecured credit card loans, with a total of $62,002,900 in loans helping members manage their finances effectively. These cards come with competitive rates and no collateral required, allowing you to handle unexpected expenses or everyday purchases with ease.

Loan Aggregator

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Pelican State