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Secured Loans

There are many advantages to borrowing from Pelican - fast approvals, low rates, easy applications, friendly customer service and the added convenience of payroll deduction. A loan from us can help you save money. We don't charge pre-payment fees and our loans are simple interest loans, which means you only pay interest for the time you use the money. You may choose one of our existing loans, or we can tailor a loan to fit your needs.

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Apply NowAuto

We offer the same rate on both new and used vehicles, including motorcycles, with up to 125% loan to value. Plus, you can get approved for and close your loan at the dealership!

Do you have insurance on your financed vehicle?
If you have financed your vehicle through Pelican and have received a letter about your insurance policy, please click here or call 1-800-237-5781 to provide proof of insurance. Our partners can verify your policy and update our records to reflect that you are insured in accordance with your auto loan agreement.

Pelican State CU does not finance reconstructed vehicles.

Green Auto

Choosing a hybrid vehicle is not only good for the environment, but also for your wallet! Members who purchase a new or used qualifying hybrid* vehicle can receive:

  • 0.25% discount off auto loan rate
  • Possible tax credit (ask your tax advisor)
  • Loan closure at the dealership

Eligible vehicles include Hybrid-Electric Vehicles, Ethanol Flexible-Fuel Vehicles (E85 & E10), Compressed Natural Gas Vehicles, Fuel Cell Vehicles, Vehicles with an average of 25 MPG or greater, and Bio-Diesel Vehicles. For a complete list of vehicles in the categories listed above, click here to view the 2009 EPA Fuel Economy Guide.

EPA Fact: By choosing a vehicle that achieves 25 miles per gallon rather than 20, you can prevent the release of about 17 tons of greenhouse gases over the lifetime of your vehicle.

*Membership required. Qualified vehicles are reported in 2008 EPA Economy Guide. 0.25% discount is off of qualifying rate and cannot exceed our floor rate. See your tax advisor about possible tax credits. Some restrictions apply. See Pelican Representative for details.

Indirect Auto

Indirect Auto Loans with our partner, the Credit Union Acceptance Company (CUAC), can provide you with a one-stop shop for easily finding a pre-owned car and getting pre-approved for the auto loan through our Preferred Dealer Network, all online - click here!

Apply NowShare Pledge

A Share Pledge Loan allows you to borrow against your own money. You can use your savings as collateral to secure your loan with us. A Freedom Shares savings account is a great product to use with your share pledge loan.

Apply NowOther Secured Loans

Pelican offers a variety of secured loans, including:

  • Boat Loans
  • ATV Loans
  • Farm and Garden Equipment
  • Mobile Home
  • Recreational Vehicles

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