Save for the future now with short or long-term savings!

Whether you are looking for a no-risk, great rewards solution like a Share Certificate or an account to plan for retirement like a Traditional or Roth IRA, Pelican has a variety of options that could be the ideal solution for you! 

Share Certificates

  •  Greater rates than savings accounts
  • Fixed rates guaranteed for length of term
  • Wide range of terms available
  • Penalty on earning for early withdrawal 
  • Safeguard future funds with partial withdrawal or closure fees prior to maturity
  • Dividends posted monthly
  • $500 minimum deposit to open regular certficates
  • Jumbo certificates available ($10,000 minimum deposit to open)
  • Retains federal insurance up to $250,000
Check out our current rates to learn more! 




Regular & Jumbo IRA

  • Potential tax advantages and tax-free earnings
  • High-dividend Regular IRA— opening deposit of $1,000-$9,999.99
  • Even higher-dividend Jumbo IRA —opening deposit of $10,000+
  • NCUA insured up to $250,000
  • Rate and term specials available
  • Dividends will be capitalized
  • Contributions may be made through payroll deduction or deposit
  • Distributions for RMD (70.5 years old) may be distributed by check, withdrawal, or automatic transfer to another Pelican State CU account
  • Dividends posted quarterly
  • Dividend rate is fixed for duration of IRA Certificate 




































What's the Difference? Traditional vs. Roth IRA

  • No income limits to open
  • No minimum contribution in any year allowing flexibility
  • Contributions are tax deductible on state and federal income tax1
  • Earnings are tax deferred until withdrawal (when usually in lower tax bracket)
  • Withdrawals can begin at age 59½
  • Early withdrawals subject to penalty2
  • Mandatory withdrawals at age 70½
  • Members under age 50 may contribute $5500 maximum per year
  • Members over age of 50 may contribute $6500 maximum per year
  • No minimum amount to set up
  • Adjusted gross income must be less than $131,000 to contribute ($193,000 for joint filers)3
  • Contributions are NOT tax deductible
  • Earnings are 100% tax free at withdrawal*
  • Principal contributions can be withdrawn without penalty*
  • Withdrawals on interest can begin at age 59½
  • Early withdrawals on interest subject to penalty**
  • No mandatory distribution age
  • No 70½ age limit on making contributions as long as you have earned income

 












Check out our rates!




1Subject to some minimal conditions.
2Certain exceptions apply, such as healthcare, purchasing first home, etc.
3As of 2015; IRS may change figure annually.