Overview
What is Pelican State Credit Union?
Pelican State Credit Union is a nonprofit financial institution based in Baton Rouge, Louisiana, with a workforce of 435 employees. The credit union focuses on providing essential banking services to over 73,000 members, many of whom fall below federal and state poverty levels and are often excluded from traditional financial services due to low income or prior credit history. Pelican State Credit Union offers various financial education programs throughout the state, including credit management, credit repair, budgeting, checking account balancing, and mortgage loan assistance. These workshops are conducted in schools, community centers, prisons, homeless shelters, hospitals, and even for high school students, reaching a total of 1,398 students last year. The credit union also provides a free credit counseling program for its members to help them create budgets, rebuild credit, start saving, and build assets. Additionally, Pelican State Credit Union employs nine staff members dedicated full-time to this program, conducting 73 workshops and assisting 2,453 attendees, both members and non-members.
Official website here: www.pelicanstatecu.com
Is Pelican State Credit Union legitimate?
Pelican State Credit Union is a legitimate nonprofit organization registered as a 501(c)(14) entity. Pelican State Credit Union submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $21,362,592
For more financial information, click here
Official website here: www.pelicanstatecu.com
What is the mission statement of Pelican State Credit Union?
Pelican State Credit Union focuses on providing banking services to over 73,000 members, many of whom fall below federal and state poverty levels and do not qualify for financial services with banks due to low income or prior credit history. The credit union's mission is to extend financial opportunities to this demographic. They offer free financial education programs statewide, which include credit management, credit repair, budgeting, and checking account balancing. These seminars are held in various community settings, such as schools, community centers, prisons, shelters, and hospitals. The credit union also provides a free credit counseling program to members, helping them create budgets, rebuild credit, start saving, and build assets. Dedicated staff conduct numerous workshops, reaching both members and non-members, totaling 2,453 attendees last year. Financial education is also taught to high school students, with 56 workshops attended by 1,398 students.
Official website here: www.pelicanstatecu.com
Who is the CEO of Pelican State Credit Union?
Annette Thames is the Coo of Pelican State Credit Union. The CEO's salary of Pelican State Credit Union is $517,588 and their total compensation is $559,558.
Official website here: www.pelicanstatecu.com
What is the revenue of Pelican State Credit Union?
Pelican State Credit Union's revenue in 2022 was $67,147,116.
Official website here: www.pelicanstatecu.com
Who are the executives of Pelican State Credit Union and what are their salaries?
The average compensation at Pelican State Credit Union during 2022 was $49,109. There are 435 employees and 9 volunteers at Pelican State Credit Union.
Here are 27 key members and their salaries (Pelican State Credit Union's CEO's salary is $517,588 and their total compensation is $559,558):
- Compensation: $517,588
- Related: $0
- Other: $41,970
- Compensation: $331,257
- Related: $0
- Other: $44,791
- Compensation: $263,402
- Related: $0
- Other: $41,879
- Compensation: $219,344
- Related: $0
- Other: $34,766
- Compensation: $212,811
- Related: $0
- Other: $34,202
- Compensation: $211,560
- Related: $0
- Other: $11,884
- Compensation: $166,187
- Related: $0
- Other: $35,423
- Compensation: $170,773
- Related: $0
- Other: $30,776
- Compensation: $172,845
- Related: $0
- Other: $16,983
- Compensation: $155,456
- Related: $0
- Other: $34,244
- Compensation: $134,462
- Related: $0
- Other: $32,112
- Compensation: $133,089
- Related: $0
- Other: $32,067
- Compensation: $142,053
- Related: $0
- Other: $19,486
- Compensation: $125,546
- Related: $0
- Other: $25,372
- Compensation: $119,443
- Related: $0
- Other: $25,901
- Compensation: $119,367
- Related: $0
- Other: $19,404
- Compensation: $108,987
- Related: $0
- Other: $24,280
- Compensation: $105,402
- Related: $0
- Other: $15,136
- Compensation: $6,000
- Related: $0
- Other: $0
- Compensation: $5,800
- Related: $0
- Other: $0
- Compensation: $5,800
- Related: $0
- Other: $0
- Compensation: $5,800
- Related: $0
- Other: $0
- Compensation: $5,800
- Related: $0
- Other: $0
- Compensation: $5,800
- Related: $0
- Other: $0
- Compensation: $5,300
- Related: $0
- Other: $0
- Compensation: $5,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.pelicanstatecu.com
Where can I find the form 990 for Pelican State Credit Union?
Pelican State Credit Union's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pelicanstatecu.com
Learn more at the official website: www.pelicanstatecu.com
Mission Statement of Pelican State Credit Union
Pelican State Credit Union is dedicated to providing essential banking services to over 73,000 members, many of whom fall below federal and state poverty levels. Due to their low income or prior credit history, many of these individuals struggle to access common financial services, such as checking accounts and mortgages, from traditional banks.
In line with its mission, Pelican State Credit Union offers various educational programs designed to empower its members. These programs cover topics like credit management, credit repair, budgeting, and checking account balancing. The credit union conducts free seminars in local schools, community centers, prisons, homeless shelters, and hospitals across the state. In addition to this, Pelican State Credit Union offers a free credit counseling program to its members, helping them create budgets, rebuild credit, start saving, and build assets. A team of nine employees is committed to this program full-time.
In the past year, Pelican State Credit Union has held 73 workshops throughout the state, attended by 2,453 individuals. Among them, 125 were members, and 2,328 were non-members. The credit union also provides financial education to high school students, giving them valuable insights into personal finance management. Last year, Pelican State Credit Union held 56 workshops for 1,398 students. Through these initiatives, Pelican State Credit Union not only addresses the immediate financial needs of its members but also invests in their long-term financial literacy and stability.
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Impact
October, 2024
Pelican State Credit Union positively impacts the community by providing essential banking services to over 73,000 members, many of whom are classified as low-income and often struggle to access traditional financial services like checking accounts and mortgage loans. This credit union plays a vital role in enhancing financial inclusion, particularly for individuals who may have previously faced barriers due to their income or credit history.
Through comprehensive education initiatives, Pelican State Credit Union offers free financial education programs that cover a range of topics, including credit management, budgeting, and checking account balancing. These programs are delivered across various settings, such as K-12 schools, community centers, prisons, homeless shelters, and hospitals throughout Louisiana. By conducting 73 workshops attended by 2,453 individuals, including both members and non-members, the credit union fosters financial literacy within the community.
Moreover, Pelican State Credit Union has a dedicated team of nine employees who focus exclusively on credit counseling. This initiative helps members develop budgets, rebuild credit, and save money, which are crucial steps toward financial stability. Last year alone, they reached 1,398 high school students through 56 additional workshops, emphasizing the importance of equipping the next generation with financial knowledge.
In essence, Pelican State Credit Union is committed to uplifting its members and the broader community, enabling them to achieve financial security and independence.
This information is meant to be a general summary of Pelican State Credit Union. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $620,189
- Program Service Revenue: $53,567,241
- Gross Receipts: $67,147,116
Assets and Liabilities:
- Total Assets: $677,127,700
- Total Liabilities: $606,321,897
- Net Assets: $70,805,803
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INCOME ON LOANS
Revenue
$35,538,396
FEES AND CHARGES
Revenue
$16,592,161
SHARED BRANCHING
Revenue
$188,530
NON MEMBER ATMS
Revenue
$197,334
WARRANTY INCOME
Revenue
$1,050,820
Organization Details
Founding Year
1956
Principal Officer
Annette Thames
Main Address
2675 ONEAL LANE, BATON ROUGE, LA, 70816
Website
www.pelicanstatecu.comNTEE Category
Code: W60 - Public benefit
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