Pelican State CU busts credit union myths in new eBook

BATON ROUGE, LA (September 18, 2018) — “I didn’t know you did that!” That’s a phrase regularly heard in the credit union industry, and it’s no surprise—there are a lot of myths out there about credit unions!

In an effort to help educate the community, Pelican State CU wrote and released a 28-page eBook detailing 22 credit union myths and the facts that disprove them.

There are numerous myths out there, including misconceptions that credit unions:

  • Have fewer locations than banks
  • Aren’t regulated by the government
  • Don’t pay any taxes
  • Only offer savings accounts
  • Don’t protect your information like banks do

Ready for these myths to be busted? Check out to download and read the eBook!

This eBook can be found on Pelican State of Mind, the official blog of Pelican State Credit Union. Started in 2016, the blog focuses on family, fun and finance in our Louisiana communities. The blog is read by thousands of visitors each month, and Pelican releases new blog posts each week. Learn more about Pelican State of Mind by clicking here.

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 60,000 members. For information, visit


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

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