Pelican State Credit Union Monroe LA | Affordable Auto Loans & Business Banking

Introduction

Welcome to Pelican State, your trusted credit union located at 2880 Louisville Ave Ste 1, Monroe, LA 71201. Established in 1956, we have been proudly serving our community for over six decades. With a total membership of 78,014, we are dedicated to providing personalized financial services that meet the unique needs of our members. At Pelican State, we understand that every dollar counts. That's why we manage a robust portfolio with total assets of $734,707,218 and total deposits amounting to $35,064,972. Our commitment to you is reflected in our exceptional services, from auto loans to personal banking solutions. Currently, we have issued 49,735 loans and leases to help our members achieve their financial goals. Our leadership team is devoted to ensuring your experience with us is seamless and rewarding. Under the guidance of CEO Jeffrey Conrad and Board President Janelle Folse, our dedicated staff of 321 employees works hard to foster a welcoming environment where you can feel at home while managing your finances. While you can visit us at our Monroe branch for all your banking needs, official correspondence should be sent to the same address: 2880 Louisville Ave Ste 1, Monroe, LA 71201. Whether you're looking for checking and savings accounts or need assistance with mortgage loans and refinancing options, we are here to help. Explore the many ways Pelican State can support your financial journey by visiting our website at pelicanstatecu.com. If you have any questions or would like more information about our services, feel free to give us a call at 318-410-4333. We look forward to serving you!

Branch History & Mission

Join Us Today!

With a friendly team available during lobby hours Monday through Friday from 9 AM to 5 PM and Saturday from 9 AM to 1 PM, we invite you to visit us or give us a call at (318) 410-4333. Whether you're looking for personal loans or business financing options, Pelican State is here for you every step of the way. We encourage you to become part of our growing family! Experience the benefits of membership by visiting our website or starting your journey today by enrolling online here. Together, let's build a brighter financial future!

Our Evolution

Pelican State has evolved significantly since our founding. Initially established to serve local communities, we have expanded our services to meet the diverse needs of our members. From personal banking solutions like checking and savings accounts to auto loans, mortgages, and business banking options, we strive to offer comprehensive financial services that empower our members to achieve their dreams. Our branch is conveniently located at 2880 Louisville Ave Ste 1 in Monroe, just a short drive from local landmarks such as the University of Louisiana at Monroe and the Monroe Civic Center. This prime location allows us to be easily accessible for all your banking needs. For official correspondence, please send mail to the same address.

Our Mission

At Pelican State, our mission is clear: we aim to enhance the financial well-being of our members while actively contributing to our community's growth. We believe that banking should be more than just transactions; it should be about building lasting relationships. Our commitment extends beyond providing excellent financial services we also engage in numerous community outreach efforts, supporting local schools, charities, and events that uplift those around us. In addition to traditional banking services, we are dedicated to embracing modern technology to better serve you. Our digital tools include online banking and mobile payments, making it easier than ever for you to manage your finances on-the-go. We ensure that all members can access these services safely and securely while complying with ADA standards.

Branch Location & Accessibility

Call or Visit Us

While you can visit us at 2880 Louisville Ave Ste 1 for all your banking needs, please note that official correspondence should be sent to the same address. If you have questions or need assistance before stopping by, don't hesitate to give us a call at 318-410-4333. At Pelican State, we are excited to serve our Monroe community and look forward to welcoming you soon!

Convenient Access and Services

At Pelican State, we prioritize your convenience. You'll find ample parking right outside our doors, and our facility is designed with accessibility in mind, including ADA-compliant features like ramps for easier access. We're proud to offer a range of services tailored to fit your financial needs. From personal checking and savings accounts to auto loans and mortgage refinancing, we've got you covered. Need cash on the go? Our ATM is available for quick withdrawals and balance checks. Plus, for those who prefer banking from their cars, our drive-thru service makes it simple to handle deposits and withdrawals without leaving your vehicle.

Operating Hours

We understand that busy schedules can make banking challenging. That's why we've set our operating hours to accommodate you: we're open Monday through Friday from 9 AM to 5 PM, and on Saturdays from 9 AM to 1 PM. Whether you need assistance during the week or have some time on the weekend, our friendly staff is ready to assist you.

Member Eligibility

At Pelican State, we believe that everyone deserves the opportunity to join a community that cares. Becoming a member is simple and welcoming! If you live, work, worship, or attend school in Ouachita Parish, or if you have a family member who is already part of our credit union, you are eligible to join us. This opens up a world of financial benefits designed just for you, including personalized service and competitive rates on loans and savings accounts. For more detailed eligibility information, feel free to visit our website at . Once you're ready to take the next step, opening an account with us is straightforward. Just head over to https://my.pelicanstatecu.com/enroll to get started online or give us a call at (318) 410-4333 if you have any questions. We're here to help you every step of the way as you become part of the Pelican State family at our branch located at 2880 Louisville Ave Ste 1 Monroe La 71201. Join us today and experience the difference!

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 today's fast-paced world, efficient payment processing can make all the difference. Our merchant services simplify transactions so you can focus on what matters most growing your business. Imagine having the ability to accept payments through various channels easily, whether it's in-person or online. This convenience helps you provide a better experience for your customers while boosting your bottom line. Visit us at 2880 Louisville Ave Ste 1 Monroe La 71201 in Monroe, LA, or call us at (318) 410-4333 to learn more about how our business banking services can help you thrive.

Comprehensive List Of Services

Business Banking

We don't just serve individuals; businesses are important too! Our business banking services include essential tools like merchant services and business loans to help keep your operations running smoothly. We know that every dollar counts when managing a business, so we're here to support you every step of the way.

Convenient Access

Accessibility is key at Pelican State. Our branch offers ATM services for quick cash withdrawals and balance checks whenever you need them. If you're in a hurry, take advantage of our drive-thru banking, where simple transactions like deposits and withdrawals can be handled efficiently without leaving your car. Additionally, we participate in shared branching networks that allow members from partner credit unions to perform basic transactions at our location making it easier than ever for everyone to manage their finances.

Digital Features

With today's technology, we ensure that banking is convenient and straightforward. Our online banking platform features include electronic statements and person-to-person payment options, allowing you to send money quickly to family or friends without any hassle.

Get Started Today!

Whether you're interested in opening an account or learning more about our loan options, our friendly staff at Pelican State is ready to assist you! Feel free to reach out by calling us at 318-410-4333 during our operating hours: Monday through Friday from 9 AM to 5 PM and Saturday from 9 AM to 1 PM. Visit us today or explore more about what we offer on our website here. Your financial success starts with us!

Personal Banking

Managing your money should be simple and efficient. That's why we offer checking and savings accounts tailored for everyday needs. Imagine easily accessing your funds through our online and mobile banking platforms. With just a few taps on your smartphone, you can check balances, transfer money, or pay bills anytime, anywhere. If you're in the market for a new vehicle or need financing for a used one, our auto loans and vehicle financing options make it easy to hit the road without breaking the bank. We understand that purchasing a home is a big step, so we also provide mortgage loans and refinancing solutions that can help you secure the home of your dreams or lower your current payments. For those unexpected expenses or plans that require a little extra cash, our personal loans and debt consolidation services can give you peace of mind. Plus, enjoy rewards with our credit cards, which come with various benefits tailored to fit your lifestyle.

Digital & Online Banking

Key Features

Our online banking platform is user-friendly and packed with features that make handling your finances simpler. You can view your account balances, transfer funds, and even manage e-statements all from the comfort of your home or on the go. Plus, with electronic signature authorization, signing documents is a breeze. There's no need for paper forms or in-person visits; just sign electronically and you're done! If you're always on the move, our mobile application has got you covered. It offers all the functionalities of our online banking right in your pocket. Want to send money to friends or family? Our person-to-person transfer feature makes it quick and easy. And if you're into making payments via your phone, you'll love our mobile payments feature that lets you pay securely with just a tap.

Security & Accessibility

We prioritize your security and privacy. Our digital banking services are equipped with advanced security measures to keep your information safe while giving you peace of mind. You can confidently manage your accounts knowing that we have your back. Whether you're looking to check your balance during lunch or make a payment late at night, our services are designed to be accessible whenever you need them. At Pelican State, we believe that banking should be simple, secure, and tailored to fit into your life seamlessly. Discover more about how our digital banking services can enhance your financial experience by visiting us at https://www.pelicanstatecu.com/ today!

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 understand how important it is for you to feel confident about where your money is kept, and we're proud to showcase our strong financial position. With a net worth of $74,593,435, we maintain robust 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 commitment to your financial success is reflected in the $9,566 in used auto loans and $609,047,157 in total loans and leases available to support your financial goals across various sectors. Our operational efficiency is highlighted by our current net income of $0, enabling 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 Accounts: 149,847, showcasing a strong and growing member base that trusts us with their finances. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. 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 2880 Louisville Ave Ste 1 Monroe La 71201 or call (318) 410-4333 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. Whether you're interested in a brand-new model or a reliable used car, we're here to help you find the right financing option.

Business Loans

For business owners, our outstanding commercial loans totaling $3,911,770 provide the capital needed to grow and expand. With tailored solutions for different business needs, we're committed to supporting your entrepreneurial journey.

Mortgage Loans

Thinking about homeownership? Our mortgage options make buying or refinancing simple. We provide Junior Lien 1-4 Family Residential Properties loans totaling $32,127,041, ensuring you have access to competitive rates and flexible terms. Let us guide you through the process of securing your dream home.

Refinancing Options

If you're considering refinancing any of your existing loans or lines of credit, be sure to ask about our eligibility options. We can help you find a solution that reduces your payments or shortens your loan term. At Pelican State located at 2880 Louisville Ave Ste 1, Monroe LA 71201, we prioritize transparency and ease of access for all our members. For any questions about our loan offerings or if you need assistance in choosing the right product for your needs, don't hesitate to reach out at 318-410-4333. Performance insights and financial data are sourced from the National Credit Union Administration (NCUA) at: https://www.ncua.gov , based on the latest results. Your financial future is important to us let's achieve it together!

Unsecured Credit Cards

Managing day-to-day expenses is easier with our flexible terms on unsecured credit card loans. We currently offer $62,002,900 in unsecured credit card loans that help members effectively manage their finances while enjoying peace of mind.

Loan Aggregator

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Pelican State