Pelican State Credit Union mortgage approval rate & lending review
Pelican State Credit Union decided 523 mortgage applications and funded 378 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Pelican State Credit Union reported under the Home Mortgage Disclosure Act, not its advertised interest rates. For current rates and applications go to velera.com.
Pelican State Credit Union at a glance
Approval is 2.9 points above the 71.1% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 92% | 44 / 48 | 98% | $55K | 43 |
| Cash-out refinance | 72% | 304 / 423 | 98% | $65K | 297 |
Pelican State Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Louisiana | 74% | $65K | 522 | 377 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Pelican State Credit Union lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Livingston Parish, LA | Cash-out refinance | 83% | 99 | 81 |
| East Baton Rouge Parish, LA | Cash-out refinance | 60% | 92 | 52 |
| Ascension Parish, LA | Cash-out refinance | 78% | 49 | 38 |
| St. Tammany Parish, LA | Cash-out refinance | 64% | 42 | 27 |
| Lafayette Parish, LA | Cash-out refinance | 76% | 29 | 22 |
| Rapides Parish, LA | Cash-out refinance | 86% | 28 | 22 |
| Tangipahoa Parish, LA | Cash-out refinance | 83% | 23 | 19 |
| Calcasieu Parish, LA | Cash-out refinance | 68% | 22 | 15 |
The county markets where Pelican State Credit Union made the most loans. Each link opens that market with every lender ranked.
Questions about Pelican State Credit Union
What is Pelican State Credit Union's mortgage approval rate?
Pelican State Credit Union approved 74.0% of the 523 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 2.9 points above the 71.1% national rate for the same mix of loan types.
How often do borrowers take the loan Pelican State Credit Union offers?
Borrowers accepted 98% of the loans Pelican State Credit Union approved, against 94% for all cash-out refinance lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Pelican State Credit Union make?
The typical cash-out refinance loan Pelican State Credit Union made was $65K; across all loan types its typical loan ran from $55K to $65K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Pelican State Credit Union lend?
Pelican State Credit Union decided applications in 2 of the states Fat Boy Data covers, most of them in Louisiana and Mississippi.
Can I apply to Pelican State Credit Union directly?
Yes. Pelican State Credit Union reports as a direct lender that takes applications from borrowers. Its website is velera.com.
Does this page show Pelican State Credit Union's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Pelican State Credit Union treats applications, then get a rate quote from the lender.