Loans We designed our products & services with YOU in mind!

Use an unsecured personal loan or apply for a line of credit for major purchases, bill consolidation, unexpected expenses or home improvements with terms up to 5 years. Personal Loans are sometimes called Signature Loans because they are secured by your signature.

We understand that emergencies and unplanned expenses arise from time to time. Sometimes you may need cash before your next pay day. Pay Day Loans were designed to help you in those emergencies. Pelican's Bridge Loan was created to resemble a typical Pay Day Loan, when in fact it is much better for our members than the products of our competitors.

Requirements:

• Pelican's product has lower rates and fees in comparison to most pay day lenders.
• We report these small unsecured loans to the credit bureaus, which assists our members in building their credit. Most other lenders report Pay Day Loans negatively to the credit bureaus, if at all.
• Bridge Loans are an open line of credit. You will not have to fill out lending paperwork each time your borrow cash.
• Free Credit Counseling is available to help you break the Pay Day Loan Cycle.

You could get approved for a Bridge Loan from $100 to $350, not to exceed 75% of your paycheck. We offer terms from 7 to 30 days, depending on your payment schedule.

Requirements:

• Employment 6 months or greater
• Reoccuring direct deposit with Pelican State CU

To take advantage of our FREE Credit Counseling send an e-mail to creditmgmt@pelicanstatecu.com or call 1-800-351-4877 followed by one of the extensions below:

April Gomez 6249

Lynn Gobert 6161

Rhoda Hundley 6329
.

More than half of adults in America feel that computers are a necessity, not a luxury. Whether you need a computer for school, work or just to stay in touch with friends and family – computers are becoming a larger part of our lives every day.

Pelican offers a Computer Loan that can be used for desktops, laptops, iPads and Computer Accessories.

• 7% APR Fixed Rate
• Loan Amount up to $3,500
• Terms up to 36 months

If you bring your old computer into a Pelican branch, Pelican will ensure that is properly recycled and disposed.

Membership required. APR – Annual Percentage Rate. Loan approval is based on certain credit criteria and credit worthiness. Loan must be used to purchase a computer or approved computer accessories. Member must provide sales agreement or other documentation that confirms the order & price of computer. If you have already purchased a computer, you may qualify for a computer loan up to 30 days from the date of purchase. Receipt is required. Some restrictions apply. See representative for details.

A line of credit is revolving and is secured by a member’s signature. The credit limits range from $500 to $10,000.

Are you making more than one unsecured loan payment each month? Let us simplify your life and save you money by consolidating your loans!

Stop paying high interest rates on credit cards and loans from finance companies. Consolidate your debt into one, low monthly payment with your credit union.

Click here for a money saving example!

We're here to help you. Please give us the opportunity to assess your situation and find a solution that meets your financial needs. Call or stop by a branch today to find out how much money a Debt Consolidation Loan can save you!

*Membership required. Credit approval is based on certain credit criteria and credit worthiness. Scenario listed above is just an example and savings/rate/amount and term will vary for each member and savings are not guaranteed. The payment examples listed above were calculated as follows: 2% of Credit Card balance of $6,500; 2% Department Store Credit Card balance of $4,009.54; Finance company has a rate of 36% APR a term of 18 months and a balance of $3,163.31. The consolidated payment of $260 was calculated with a rate of 8.49% APR, a term of 60 months and balance of $13,672.85. Not everyone will qualify for the advertised APR. APR = Annual Percentage Rate. Restrictions apply. See representative for details.