Deciding between renting or owning

Renting vs Owning: What’s Best for You?

Let’s face it—none of us are made of money. We don’t have a money tree in the back yard that we can simply go pick from when we’d like to buy something. While those things would be really cool, the reality is that we have budgets to stick to and have to carefully plan for life’s expenses. We all eventually …

Examining your medical collection

How Do Medical Collections Affect Your Credit?

Have you ever been billed for medical issues and didn’t have the means to pay the bill at the time, causing the bill to go into collections? Situations like these are common and could cause a domino effect of problems. It’s important to understand how medical collections can impact your credit, but first, we need to identify what a medical …

Example of how credit unions use profits

How Do Credit Unions Use Profits?

Credit unions are not-for-profit entities. This means that all money that is earned is not distributed to stockholders; it’s instead invested back to the organization’s initiatives and members, or owners! Every individual that uses a credit union’s services owns a “share” in the company. In other words, credit unions are owned by their members. The business structure of a credit …

Business Services standing in a row posing for a group picture

Day in the Life of a Pelican Business Loan Processor: Kendal Fryhling

Pelican’s Business Services Department talks with both current and potential business members to identify any needs, wants, and challenges they may have when owning a business. They help by providing businesses with account products, lending solutions, and other services needed to maximize their business’ opportunities to achieve success. Kendal Fryhling has been working at Pelican for over five years, and …

Woman Sorting Through Her Bills

Conquering Financial Anxiety

There are times I’ve stayed up all night thinking about making a big purchase. I’ve thrown out tons of hypothetical ‘what ifs’ and ‘whys’ for days upon days before actually taking time to sit down, look at my accounts, and do some calculations to help ease or support my concerns. According to a 2018 WalletHub survey of financial literacy in …

Woman Holding Baby in Hospital Room

Pelican Member Story: Frances Melanson

It’s no secret that Pelican loves to go above and beyond for its members! Frances Melanson, a member of Pelican and nearby resident of our Prairieville Branch, shares all of the wonderful experiences she has had during her time as a Pelican member. From the Member: How long have you been a member with Pelican? Not long enough! There’s never …