Dec, 31, 2023 — PELICAN STATE CREDIT UNION is a federally insured state chartered credit union headquartered in BATON ROUGE, LA with 18 branch locations and about $668.17 million in total assets. Opened 68 years ago in 1956, PELICAN STATE CREDIT UNION has about 75,023 members and employs 367 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.
| Name: | PELICAN STATE CREDIT UNION |
|---|---|
| Address: (Main Office) | 2675 ONeal Ln BATON ROUGE, LA 70816-3124 |
| Phone: | (225) 408-6100 |
| Fax: | |
| Website: | https://www.pelicanstatecu.com |
| Branches: | 18 branch locations |
| Members: | 75,023 |
| Credit Union Type: | Federally Insured State Chartered Credit Union |
| Charter Number: | 62710 |
|---|---|
| Membership Type: | State chartered natural person |
| Corporate Credit Union: | No |
| Year Opened: | 1956 |
| Last Audited: | Mar 01, 2023 |
| FHLB Member: | Yes |
| Low Income Designation: | No |
| Assets: | $668,169,034 |
| CEO/Manager: | Jeffrey Conrad |
| Chairperson: | Janelle Folse |
| ASSETS: | $ Amount |
|---|---|
| Cash & Equivalents | 32,220,817 |
| TOTAL INVESTMENTS | 0 |
| Loans Held for Sale | 0 |
| Real Estate Loans | 139,614,424 |
| Unsecured Loans | 122,237,370 |
| Other Loans | 300,028,652 |
| TOTAL LOANS | 565,593,653 |
| (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) | -7,757,382 |
| Land And Building | 28,738,069 |
| Other Fixed Assets | 8,422,744 |
| NCUSIF Deposit | 5,525,919 |
| All Other Assets | 137,904 |
| TOTAL ASSETS | 668,169,034 |
| LIABILITIES & CAPITAL: | |
| Dividends Payable | 1,403,466 |
| Notes & Interest Payable | 0 |
| Accounts Payable & Other Liabilities | 12,729,316 |
| Uninsured Secondary Capital and Subordinated Debt Included in Net Worth | 0 |
| Share Drafts | 94,897,074 |
| Regular shares | 209,276,782 |
| All Other Shares & Deposits | 278,897,753 |
| TOTAL SHARES & DEPOSITS | 583,071,609 |
| TOTAL LIABILITIES | 597,204,391 |
| Regular Reserve | 0 |
| Other Reserves | 4,879,524 |
| Undivided Earnings | 66,085,119 |
| TOTAL EQUITY | 70,964,643 |
| TOTAL LIABILITIES, SHARES, & EQUITY | 668,169,034 |
| INCOME & EXPENSE | |
| Loan Income | 44,231,417 |
| Investment Income | 2,148,321 |
| Other Income | 17,268,170 |
| Total Employee Compensation & Benefits | 29,868,781 |
| NCUSIF Premiums Expense | 0 |
| Total Other Operating Expenses | 26,328,519 |
| Non-operating Income & (Expense) | 1,521,048 |
| NCUSIF Stabilization Income | N/A |
| Provision for Loan/Lease Losses or Total Credit Loss Expense | 7,783,204 |
| Cost of Funds | 10,816,498 |
| NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM | N/A |
| Net Income (Loss) | 3,335,768 |
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