Pelican State Credit Union expands into Shreveport

Pelican State Credit Union has opened up a location in Shreveport, its ninth branch in Louisiana. This is the northernmost location for Pelican State, which was established in 1956 as a credit union for the state Department of Hospitals. “We’ve always had a concentration of members in Shreveport because of the charity hospital,” says CEO Jeff Conrad. Pelican State paid $190,000 earlier this month to take over a credit union service center outlet, which allowed members of any Louisiana credit union to make deposits, withdrawals or use the ATM. While the storefront location will be rebranded as a Pelican State branch, it will still remain as a service outlet. Baton Rouge-based Pelican State says it has more than 28,000 members and $152 million in assets.—Timothy Boone