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Pelican State CU wraps up successful fin-lit year
BATON ROUGE, La. (2/16/10)--Pelican State CU in Baton Rouge, La., conducted more than 60 Financial Literacy Workshops (FLWs) in 2009 to more than 1,000 attendees in 14 parishes (counties). FLWs are free, public presentations on topics such as budgeting, making money grow, using credit cards wisely and tips on improving credit scores. Following each presentation, attendees can receive a free copy of their credit report with the option of reviewing it with a trained credit counselor. Pelican absorbs all associated costs including salaries, materials, credit reports and mileage (eNews Feb. 10). “Pelican does not solicit business at these workshops; the primary objective is to provide financial education to those who need it most,” Jeffrey K. Conrad, Pelican CEO, told the Louisiana Credit Union League. Pelican also offers a Credit Management Program for members who are serious about achieving long-term financial success. Participants routinely meet with full-time credit counselors to evaluate credit reports, create budgets and savings plans and educate members on financial products--all at no cost to the member. “Our frontline staff has been trained to determine which members are in need of financial guidance and they make referrals to our credit counselors,” Conrad said. “Our credit counselors focus on helping one member at a time to ensure that the members take the information to heart and implement the practices daily,” he said. Pelican State CU has $167.1 million in assets.
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