Compare legal limits, fees and the true cost of small loans in your state before you talk to any lender. Compare legal limits, fees and the true cost of small loans in your state.
Credit Unions vs Payday Loans in Greeley, CO
2 credit unions are headquartered in Greeley, with 10,275 members in total. Credit unions are member-owned and often offer small personal loans and payday alternative loans (PALs) at far lower rates than payday lenders.
- Credit unions
- 2
- Members
- 10,275
- Federal
- 0
- State-chartered
- 2
Credit unions vs payday loan stores in Greeley
Greeley has 3 payday, installment and title loan stores but only 2 credit unions headquartered here — about 1.5 loan stores for every credit union. Local credit unions count 10,275 members — roughly 9 memberships per 100 residents.
Credit unions
2
1.7 per 100k residents
10,275 members
Payday & loan stores
3
2.6 per 100k residents
3 store chains
Biggest loan store chains in Greeley: ACE Cash Express (1), Check Into Cash (1), OneMain Financial (1).
Borrowing $500 for 6 months in Greeley
| Option | Payment | Total cost of borrowing |
|---|---|---|
| Installment loan at the Colorado rate cap (36% APR) | $92.30/mo | $53.79 |
| Credit union PAL (28% APR) | $90.27/mo | $41.62 |
| Payday loan renewed every 2 weeks (typical $15 per $100, not available in Colorado) | $75.00 every 2 weeks | $975.00 |
- Monthly payment at the Colorado rate cap vs median monthly household income
- 1.6%
Example calculation with fixed monthly payments; the payday row shows typical out-of-state pricing for comparison. Actual rates and terms vary by lender.
What it means for a household in Greeley
- Median household income
- $69,125
- A $400 emergency equals
- 2.1 days of income
- Households earning under $25,000
- 15.9%
- Residents below the poverty line
- 14.7%
Income and poverty: U.S. Census Bureau, American Community Survey, by ZIP code; figures for Greeley are population-weighted and approximate. Hours of work are based on the median individual income.
Payday loans vs credit union PALs: the rules in Colorado
| Payday loan in CO | Credit union PAL | |
|---|---|---|
| Legal status | Not allowed — storefront payday loans are banned | Offered by many federal credit unions |
| Rate cap | Capped at 36% APR | Up to 28% |
| Term | Usually 2–4 weeks, due in one payment | 1 to 12 months, in installments |
| Credit check | Usually none; a bank account and income are required | Membership required; payments can be reported to credit bureaus |
Payday rules: Colorado law as summarized on our Colorado payday page. PAL rules: National Credit Union Administration (NCUA) rules for federal credit unions (PAL I and PAL II); state-chartered credit unions may offer similar small loans.
Credit unions headquartered in Greeley
| Credit union | Address | Members | Website |
|---|---|---|---|
| Weld Community Credit UnionState-chartered | 2555 47th Ave Greeley, CO 80634 | 7,155 | weldccu.com |
| Northern Colorado Credit UnionState-chartered | 2901 S 27th Ave Greeley, CO 80631 | 3,120 | nococu.org |
Payday and installment loan stores in Greeley
For comparison: storefront payday, installment and title lenders in Greeley with addresses, phone numbers and hours. Check a credit union first — a PAL or small personal loan usually costs far less.
| Address | Phone | Hours | Google rating |
|---|---|---|---|
| 2601 W 10th St Greeley, CO 80634 | (970) 304-1256 | — | 4.6 |
| 3620d W 10th St Greeley, CO 80634 | (970) 352-9448 | — | 4.5 |
| 2170 35th Ave A Greeley, CO 80634 | (970) 330-7626 | — | 3.3 |
More about Greeley
Only credit union headquarters are listed, with the address on file with the NCUA; phone numbers and branch locations are on each credit union’s website. Many credit unions also have branches in Greeley and nearby — check membership requirements, as some are open to anyone who lives or works in the area. Loan stores: storefront locations of major payday, installment and title lenders; call ahead to confirm hours.