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 Pueblo, CO
4 credit unions are headquartered in Pueblo, with 42,494 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
- 4
- Members
- 42,494
- Federal
- 1
- State-chartered
- 3
Credit unions vs payday loan stores in Pueblo
Pueblo has 7 payday, installment and title loan stores but only 4 credit unions headquartered here — about 1.8 loan stores for every credit union. Local credit unions count 42,494 members — roughly 26 memberships per 100 residents.
Credit unions
4
2.5 per 100k residents
42,494 members
Payday & loan stores
7
4.3 per 100k residents
6 store chains
Biggest loan store chains in Pueblo: ACE Cash Express (2), Advance America (1), Check Into Cash (1), Lendmark Financial Services (1), OneMain Financial (1).
Borrowing $500 for 6 months in Pueblo
| 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
- 1.7%
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 Pueblo
- Median household income
- $64,477
- A $400 emergency equals
- 2.3 days of income
- Households earning under $25,000
- 19.7%
- Residents below the poverty line
- 15.8%
Income and poverty: U.S. Census Bureau, American Community Survey, by ZIP code; figures for Pueblo 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 Pueblo
| Credit union | Address | Members | Website |
|---|---|---|---|
| Power Credit UnionState-chartered | 1615 East Evans Pueblo, CO 81004 | 14,567 | powercreditunion.com |
| Minnequa Works Credit UnionState-chartered | 4700 Eagleridge Circle Pueblo, CO 81008 | 12,837 | mymwcu.com |
| Sunwest Credit UnionState-chartered | 4141 Sovereign Cir Pueblo, CO 81005 | 12,151 | sunwestecu.com |
| Pueblo Government Agencies Federal Credit UnionFederal | 720 N Greenwood St Pueblo, CO 81003 | 2,939 | pgafcu.org |
Payday and installment loan stores in Pueblo
For comparison: storefront payday, installment and title lenders in Pueblo 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 |
|---|---|---|---|
| 3058 W Northern Ave Pueblo, CO 81005 | (719) 561-4973 | — | 4.6 |
| 604 W 29th St Pueblo, CO 81008 | (719) 543-4517 | — | 4.8 |
| 1633 S Prairie Ave Pueblo, CO 81005 | (719) 561-2336 | — | 4.7 |
| 1743 S Pueblo Blvd Pueblo, CO 81005 | (719) 564-7009 | — | 4.8 |
| 5951 N Elizabeth St Pueblo, CO 81008 | (719) 584-3673 | — | 4.6 |
| 5759 N Elizabeth St #110 Pueblo, CO 81008 | (719) 544-7135 | — | 3.7 |
| 522 N Main St Pueblo, CO 81003 | (719) 766-4500 | — | 4.8 |
More about Pueblo
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 Pueblo 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.