We lend based on creditworthiness, not personal assets.
Our flexible financing options let you pay back your loan on your terms.
Pay off large sums for vacations, school expenses, renovations and more.
No one-size-fits-all offers here.
We create personalized loans made with your needs in mind.
From application to final payment, we make sure your path to debt reduction is smooth and simple.
As a not-for-profit institution, we keep interest in check with low rates you can’t get at banks.
We make payments a breeze with our Online Payment Center. Quickly and securely make payments on your Pelican State Credit Union loans using an account, debit card, or credit card from another financial institution*.
You can also easily access the Payment Center any time through the MyPelican app!
Bring cash or check to a Pelican branch or Shared Branch near you
Transfer money from a Pelican checking or savings account to your loan through the MyPelican app
Set up an automatic ACH payment from another financial institution by calling or chatting with us in MyPelican
Wondering how much loan you can afford? Determine your estimated monthly payments with our free online calculator.
All loans are not created equal. Discover how credit unions change the game when it comes to personal loan lending.
What is an unsecured loan?
An unsecured loan is a loan that does not require the customer to offer collateral as protection to the lender in the event of a default on payments. The lender solely relies on the financial capacity and creditworthiness of the borrower to pay their loan back.
When should I consider applying for an unsecured personal loan?
An unsecured personal loan is a great option if you are in need of a quick influx of cash, whether it be for an emergency, personal project or large purchase. Typically, applying and receiving an unsecured personal loan takes between 1-2 days for most customers applicants.
What are Pelican’s unsecured personal loan rates?
While the rate offered varies from customer to customer, our typical unsecured loan rates range from 9.99% to 15%.
What is the difference between a personal loan and a credit card?
The biggest difference between a personal loan and a credit card is the spending nature of each. While a personal loan offers a one-time lump sum of money that you must pay back over time, a credit card offers a revolving credit limit that can be utilized continuously with monthly payments. This allows you to access the same credit limit as many times as you need as long as you are able to repay on time.
What if I am unable to make a payment this month?
As the largest state-chartered credit union in Louisiana, we proudly serve more than 60,000 members nationwide with personalized financial services, resources and guidance.
Over 750,000 Louisiana residents qualify for membership — are you one of them? If you or a family member meet just one of the following criteria, you qualify for membership!
You also qualify for membership if your immediate family member meets any of the criteria above!
1 Pelican State CU membership required to close a loan with Pelican. If you are not a Pelican member, you must be eligible to open a Primary Share account with Pelican to become one. The deposit to open a Primary Share account starts at a minimum of $10 ($5 to join + $5 minimum balance). Credit approval is based on certain credit criteria and credit worthiness. Not everyone will qualify. Applicant will be charged $5 for any loan application that is denied, withdrawn, or expired. Restrictions apply. See a Pelican representative for details.
2 There is no guarantee that your credit score will improve with secured lines of credit
*Payments cannot exceed $2,500 per transaction. Fees may apply. All credit card types are accepted except for Visa®; all debit card types are accepted including Visa®.
**Pelican State CU membership required. Restrictions and requirements for Skip-A-Pay eligibility applies to each individual loan. Skipped payments will be deferred and extended to the end of the original term of the loan. The $25.00 processing fee per loan is due before any payments will be deferred. Additional interest will accrue on the deferred payment throughout this deferred payment period. One skipped payment equals: one monthly payment, two consecutive bi-weekly payments, two consecutive semi-monthly payments, or four consecutive weekly payments. Skipped payments will affect the loan's annual percentage rate (APR) for the statement period. Not available on Opportunity Lines of Credit (OLOC), all types of Mobile Home Loans, Fresh Start Loans, Visa® Credit Cards, Mortgages, Home Equity Loans, Commercial Loans, Bridge Loans, Bridge Plus Loans, Balloon Loans, or Single Pay Loans. Your loan is NOT eligible for Skip-A-Pay if: you have already skipped 4 payments on the loan; you have skipped a payment on the loan within the last 6 months; the loan payment due date is over 45 days away (you cannot skip future payments—only the next payment due); you have made less than 3 months' worth of payments on a new loan; your payment is more than 10 days late; and/or your Pelican account is not in good standing. If the skipped payment is paid by direct deposit or payroll deduction automatically, the funds will be transferred to a checking account (savings, if checking not available) instead of going toward the loan. Skipping a payment may reduce the amount received on GAP claims on a vehicle. No more than 4 skipped payments will be permitted through the term of each individual loan. If the loan payment you would like to skip comes to Pelican via ACH from another financial institution, you must request your skip at least 5 days before the loan payment is due. See a Pelican Representative for details and questions.