# PELICAN
Baton Rouge, LA · NCUA charter 62710 · asset band $500M-1B · latest filing 2026-03 · live
Share link (named URL with a preview card): https://getbookiq.com/cu/pelican-62710

Who the members are: state charter, organized 1956, low-income designated. 88,080 members of 2,861,881 potential (3.1% of the field); checking penetration 55% (share draft accounts per 100 members); loans per 100 members 60.

**Verdict on the desk:** this could be *stressed*. Composite score 8 of 18 (one point per flag across 17 flags, capital below 7% counted twice).

## What the filing shows

| Measure | Value |
|---|---|
| Total assets | $827.2M |
| Members | 88,080 (9.8% YoY) |
| Full-time staff | 343 |
| Net worth | $72.9M |
| Net worth ratio | 8.8% (p17 of band) |
| ROA (annualized) | -0.45% (p2 of band) |
| Total delinquency | 1.69% (p97 of band) |
| Net charge-offs (annualized) | 2.89% (p100 of band) |
| Loans / shares | 100% (p96 of band) |
| Cash / assets | 3.5% |
| Borrowings / assets | 3.63% |
| Net interest margin | 5.78% (p100 of band) |
| Operating expense / assets | 8.13% (p100 of band) |
| Vehicles % of loans | 44% (p79 of band) |
| Indirect vehicle % of vehicle (all-channel basis before 2022) | 51% |
| Third-party paper % of net worth | 251% (p82 of band) |
| Vehicle delinquency | 0.99% (p77 of band) |
| Vehicle NCO | 2.65% (p93 of band) |
| Repossessed % of vehicle book | 0.03% (p46 of band) |
| Real estate % of loans | 20% |
| Credit cards % of loans | 10% |
| Unsecured % of loans | 26% |
| Commercial % of net worth | 19% |
| Core shares % of member funds | 51% |
| Certificates % of member funds | 34% |
| Average share balance | $4,398 |
| Participations bought / yr | $0 |
| Participations sold / yr | $0 |
| Participations outstanding | $3.2M |
| Loans outstanding per 100 members | 60% |
| Loans granted per 100 members, annualized | 17% |
| Average loan balance | $13,473 |
| Loans granted, annualized | $267.4M |

## Participation posture (from the same filings)

Bought $0 and sold $0 in the latest annualized quarter; $3.2M outstanding purchased (4.4% of net worth), $873,323 sold and retained. Sold in 2 and bought in 0 of the last 8 quarters. Shares 5.6% year over year.

## Flags firing in the latest filing

- **thin capital** (`cap_low`)
- **net worth falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense trap** (`earn_opex`)
- **delinquency 2x band** (`aq_dq_high`)
- **charge-offs p90** (`aq_nco_high`)
- **loans>95% of shares** (`str_ltos`)
- **3rd-party paper>100% NW** (`str_thirdparty`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2016-03 | 3 | expense trap, delinquency 2x band, charge-offs p90 |  |
| 2016-06 | 3 |  |  |
| 2016-09 | 2 |  | delinquency 2x band |
| 2016-12 | 2 |  |  |
| 2017-03 | 2 |  |  |
| 2017-06 | 2 |  |  |
| 2017-09 | 2 |  |  |
| 2017-12 | 2 |  |  |
| 2018-03 | 4 | net worth falling, delinquency 2x band |  |
| 2018-06 | 2 |  | net worth falling, delinquency 2x band |
| 2018-09 | 4 | delinquency 2x band, loans>95% of shares |  |
| 2018-12 | 3 |  | loans>95% of shares |
| 2019-03 | 4 | net worth falling |  |
| 2019-06 | 3 |  | net worth falling |
| 2019-09 | 3 |  |  |
| 2019-12 | 3 |  |  |
| 2020-03 | 3 |  |  |
| 2020-06 | 4 | net worth falling, margin squeeze | delinquency 2x band |
| 2020-09 | 3 |  | net worth falling |
| 2020-12 | 3 |  |  |
| 2021-03 | 3 |  |  |
| 2021-06 | 2 |  | margin squeeze |
| 2021-09 | 3 | delinquency 2x band |  |
| 2021-12 | 2 |  | delinquency 2x band |
| 2022-03 | 3 | delinquency 2x band |  |
| 2022-06 | 3 |  |  |
| 2022-09 | 3 |  |  |
| 2022-12 | 5 | net worth falling, delinquency rising |  |
| 2023-03 | 4 |  | net worth falling |
| 2023-06 | 4 |  |  |
| 2023-09 | 4 |  |  |
| 2023-12 | 4 | loans>95% of shares | delinquency rising |
| 2024-03 | 3 |  | loans>95% of shares |
| 2024-06 | 4 | net worth falling |  |
| 2024-09 | 4 | 3rd-party paper>100% NW | net worth falling |
| 2024-12 | 5 | loans>95% of shares |  |
| 2025-03 | 5 |  |  |
| 2025-06 | 7 | thin capital, net worth falling |  |
| 2025-09 | 4 |  | loans>95% of shares, thin capital, net worth falling |
| 2025-12 | 5 | loans>95% of shares |  |
| 2026-03 | 8 | thin capital, net worth falling, losing money |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2026-02-22 [Pelican Credit Union rewards students’ good grades with Dollars for A’s program - NOLA.com](https://news.google.com/rss/articles/CBMilAJBVV95cUxPazYxcVRpaDYxQnppaWJMRkhIYW5BbEw4OU1WOW1UanloSUR2T0RYRHZ1d2FiaEh2dWZjeklnclZncktFV1dqTzZoZnBiMmx3dzJMLTluMVRHUE9HVHdXdy1EcG9aOFk2eG5zWG8xTFJkb0dtWjdjMHhwQVE3bzYzdmVVNExmSGtZVlBVdGxUMUlUQ3g3alJNRzVzQ0NsSTI3alRiU0tTbklJNTNVSWZ0YTIyYTFNTG9lTGFZNy1XU1JueldwbVZIQmNONURLOUh5b1gwTDNvTk1sb0VlWlpNS3JZbTVLRXE2Y0p1ZU5KU1NpYnRWeDdOYW51eWh5S00yYk1HUm50U0xpeWJjUkh6aXdEeG_SAZoCQVVfeXFMUFNOTmpkYlY3ZFZvWUt5bXlsbnpRYmxacHhubEpvTUY0Ylp1MHR5UV9FYklhLXFPeW9BMnZmNVFLcWlBRmY3WVBXcEVrdGR4Yk8yOVNlbmttbFJNWlpCSDFpRTlQZ3lqaWlmbFlOWXpRcXJTOTZBekpKQ3N4bXd2Tk9mY1VzVVZLVWlRRmdnckpqR1RxNGxYVm1oakVralZNeWdaMTBlc05qOXFVNG5kQnNsSE90R2o5em9zYzE5WnNNRnpqa09iQW5EVTBrMHp3Nkd0emoydllHVTNyUUVKUjdscVhjUEJWdzZySlNTNG9lbEh0ZTlCYTNmMGJpZHVHR1VkNF9oMUhtMzE4SWptUkRoX2w2X012NU53?oc=5) · NOLA.com
- 2026-06-24 [29 Credit Union Professionals Graduate From Southeast Management School - cutoday.info](https://news.google.com/rss/articles/CBMirAFBVV95cUxQaWpNSnBVRW94T0dRR1FOZmlLNXhuMjNMbWVUbFZYcV9qX2pueDR0VFlmU0JzaldLUmljdjVWdUdUSmdtSU5DWjVZUnhocE5zdVdXOEtGdmFLaUdZTWVkcmpmMFRMei1kUF9mejMwMzh1eGthS1NNc0xTTm5zTzBHbkpGdHR1anZ0VVk1d3BOWE9odWFRcm43RFl4NEtpdndYVWRPVVlfcFZPMTRu?oc=5) · cutoday.info
- 2025-10-20 [Pelican Credit Union expands school partnership program to include Southeastern Louisiana University - The Shreveport-Bossier City Advocate](https://news.google.com/rss/articles/CBMizgJBVV95cUxNZDJJcHBMX2hCOURjQmZWenlpSF9HMU1QdGJITHJxR2RMYjdtS0RkSmN3THFKM1QxOGJKUFpFU05aQWJlbE5wQ25vbmJEM3FKTXB0eWUxMmw2emxORUlnWHpkZDdGdF9RY2IyLXlIMFZ4RF83N0F5MUN2UDNtUi1JMERfOHMxemVoRWZiaEhJQnN5MHJBUUpNRGZRNkhJckQ4RUJ4QXl4XzRSeFF4UUJ4TDY3WXZ2NDk0UlRYZmJZX3dTUmRMNHYyZld4Z0Z4UjBRY0NJSmhtQ1VRSjJ3M0FSdWx2VVJ3RjBjSkZPXzh1M01pd1NTc0tPX01qVHc0a2cwTlVZXzNfTnVLWjFMOXBZaG44by1EekdLbWhPRGgxcllRZHdCVGVCYlNjaElhZ0ozZlJ3UmZDbVRZMEtGY2hkekZzMTFPQzlHbVRhM0Fn?oc=5) · The Shreveport-Bossier City Advocate
- 2025-02-25 [Pelican promotes Melissa Ott to President of Pelican State Credit Union - CUInsight](https://news.google.com/rss/articles/CBMisgFBVV95cUxNMjg2WkNJNzVxd2gzUG03VWhUNW9LRURIRFJTV3AtSHpYMmlUYXN4YjNuTkR4SG90eHpqcy03VWM1OERMQnprVE9xc01RWWRNMVBRa2R3dTladURuMG04RG4yYURNenB4TVBkSEpFSkRmam80QUp0S3ZvMzBBTzBIRmFOc0ctR1lTbjFvSlFqRjlGMHBraVNUdm1zSXc4UXNoYmFSNWtyTHR3djVzeGprYy1B?oc=5) · CUInsight
- 2025-07-08 [Legacy Business Spotlight: Pelican State Credit Union - Baton Rouge Business Report](https://news.google.com/rss/articles/CBMirAFBVV95cUxPZ3dqbjJQN2JDLUVKXzJlRjRmV0xhdTFoel9TSWlEUHZKRFRTWUpWYVNOdWlHLVZ2Q3NtWlRzZWdIZnRMZFFvN3A3cTYyWWgyZTg5eXdDbXFZMDU3OU83Y015dzBSMWVFV3FuSGhCNnh4NkRkWGd1YS01T2RaRmVJSGpsZHBoS2ZsQlpnZ2p6LXZTbm5ycF9xRUNHSGdGbWJRejVmTzNUMVZvY0J50gG0AUFVX3lxTFBib1h0QUN6WURYclNaRUt0YXdDVGZuWDhsVVJOZi0xaGc3QXNEam82WnRuOC11aUJTOEJ1UVdxZm51czlnTnNKbm54UVQ4QlphZWRJdkxBQnFxU0tObUcxT3lKYU5MM2syR29tbmk4ME9SRXplT0l0cGRVSjRhV0VkYnpZWlJVcDd0ZVZicmtSQ2VpRkhXa1cxNkgtM2hjSnlwRFpWTjlsX0tVcHVYUVMtUHVKUQ?oc=5) · Baton Rouge Business Report
- 2025-05-11 [Longtime leader Melissa Ott named President of Pelican State Credit Union - The Advocate](https://news.google.com/rss/articles/CBMiowJBVV95cUxQSTNFX1NlZUp5UG5JQ01STWoxbXctV0J6Y21xaFJKeUZTbGV5ZUdpSmRUTFlWN21hOHQ4Y1dScDJRSUZlanBtSUxoWGg2cWl5OG9Jbnk4VnlNLWwybHNaTDBsM0x2ME1XZUo0Vk11aURHRG5aTXdIYVNDMzg1OGxPdVc4aXdYeDNWZDBXcTN3U2w2NWhPNlJLeXQ0QnkxNzdfOU5QTkl2S3lzb1lOV2RfanBScFBxNWM4SHZJUG1CZzA1WnRNQi1rT3hnWWF4VHliWEpmX0xHdmJmRHVJYko5REZYcEdOUVdpYURRMGt1YlZkZHpMUGhUZElkeElrVXVxdzRkVnYzN3h4UzFXTEoyNmVfc29sVkRjdXlxLWdGNUZfckk?oc=5) · The Advocate
- 2025-01-22 [Pelican State Credit Union Selects Upstart for Personal Lending - Business Wire](https://news.google.com/rss/articles/CBMivAFBVV95cUxNamJQOXBid1FSQzZyLXpwcFJCU2tEZG9aMTFjaExhOVNiYllkUFNUREhSZ2NKbXpIOWp1RV94ZVB2cHI3Nnl3bUhhUFh5dVhncExTVTJzMnVBMFdyVVVBMlhDUFZ4Q1FqcVUwVi1Rajk3VDFIYjY5aGRSNVpITnFpSmZYY3hITTJqNXVwOW9qMkhYd2Z2eV9tX2FsbGpkdUVhSmJXREdkV0RmWWV6LXFSOXJqOUlkdHE4U2ZfNg?oc=5) · Business Wire
- 2024-02-26 [Several area credit union branches reopen following temporary closure due to system errors - WAFB](https://news.google.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?oc=5) · WAFB

## How to verify

- Page: https://getbookiq.com/cu-intel/#cu=62710 (every cell opens its formula and NCUA account codes; the News tab is the same search)
- Latest row, JSON: https://getbookiq.com/cu-intel/data/summary.json · history: https://getbookiq.com/cu-intel/data/h/54.json (key "62710", columns cycle, assets, loans, shares, networth, nwr, roa, total_dq_pct, total_nco_pct, vehicle, veh_pct_loans, indirect, ind_pct_veh, ind_veh, ind_re, ind_comm, ind_other, ind_pct_loans, loans_n, granted_n_ytd, granted_ann, loan_pen, granted_pen, avg_loan_bal, loans_per_fte, veh_part, tp_pct_nw, veh_dq_pct, veh_nco_pct, repo_pct_veh, members_yoy, ltos, cash_pct, borrow_pct, nim_pct, opex_pct, risk_score, members, fte, cash_total, invest_sec, allowance_eff, int_income_ytd, int_exp_ytd, provision_eff_ytd, nonint_income_ytd, nonint_exp_ytd, net_income_ytd, n_flags, re_pct_loans, cc_pct_loans, comm_pct_loans, cert_pct_shares, core_pct_shares, part_buy_ann, part_sell_ann, pot_members, sh_draft_n, chk_pen, fom_pen, flags)
- Participation history: https://getbookiq.com/participation-desk/#cu=62710
- Field definitions: https://getbookiq.com/dictionary/#cu-ltos and the rest of the credit union dictionary
- Source: NCUA 5300 call report bulk files. Income fields are annualized by cycle month (Mar x4, Jun x2, Sep x4/3, Dec x1). Percentiles are within the asset band in the same quarter.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide