Pelican State Credit Union increases dividends on checking and savings accounts

BATON ROUGE, LA (October 13, 2022) — On Saturday, October 1, 2022, Pelican State Credit Union announced that the max APY on their Kasasa Cash rewards checking account increased to 5.11%–the highest rate offered in the state, and one of the highest reward checking rates in the country.* In addition, the max APY on their Kasasa Saver savings account increased to 1.00% APY.

The APY increase on the rewards checking account coincides with an increase in the maximum balance to earn it! Remaining balances over the $10,000 tier 1 maximum also earn rewards, ranging in 5.11% – 3.00% APY depending on the average balance.

The requirements needed to earn rewards are easy. Even if members don’t qualify during a period, they can try again the next month and they’ll still earn 0.05% APY.

The decision to raise the rates demonstrates one of the many ways that Pelican Pays its members and offers competitive products and services.

To learn more about Pelican’s Kasasa Cash checking account and Kasasa Saver savings account, stop by one of our 18 branches across the state or visit

About Pelican State Credit Union

For over 60 years, Pelican State Credit Union has been providing financial services to individuals and their families throughout the state of Louisiana. The credit union is dedicated to improving the lives of its members through safe, competitive products and educational services. Pelican was originally chartered as the Department of Hospitals Credit Union, located in downtown Baton Rouge to serve Louisiana charity hospitals, mental health centers, and state office personnel. They have since grown into the largest state-chartered credit union in Louisiana, now serving over 70,000 members. For information, visit


Leiana J. Pineda Gonzalez-Rubio
Content and Digital Strategist
(225) 408-6192 | #PelicanStateofMind

More News