Credit Unions vs Payday Loans in Kansas

62 credit unions are headquartered in Kansas, with 1,342,594 members in total. 17 are federal credit unions and 45 are state-chartered; all are federally insured by the NCUA.

Credit unions

62

Members

1.3M

Federal

17

State-chartered

45

Members per 100 people

46

CUs per 100k people

2.1

Credit unions vs payday loan stores in Kansas

Kansas has 83 payday, installment and title loan stores but only 62 credit unions headquartered here — about 1.3 loan stores for every credit union. Local credit unions count 1,342,594 members — roughly 46 memberships per 100 residents.

Biggest loan store chains in Kansas: Advance America (22), Check Into Cash (13), ACE Cash Express (12), OneMain Financial (11), TitleMax (11).

What a $500 loan costs over 3 months

You keep with a credit union PAL over 3 months

$406.49 payday costs 10× more

Payday: the KS maximum — $75 on a $500 loan for 2 weeks, paid again each time the loan is renewed or taken out again (6 times in 3 months). PAL: payday alternative loan from a federal credit union, capped at 28% APR with an application fee of up to $20.

What it means for a household in Kansas

Median household income

$78,365

Payday fee of $75, share of two weeks' income

2.5%

Hours of work to pay the $75 fee

3.8 hours

PAL payment of $174.50, share of monthly income

2.7%

A $400 emergency equals

1.9 days of income

Households earning under $25,000

14.4%

Residents below the poverty line

11.8%

Income and poverty: U.S. Census Bureau, American Community Survey, by ZIP code; figures for Kansas are population-weighted and approximate. Hours of work are based on the median individual income.

Payday loans vs credit union PALs: the rules in Kansas

Payday rules: Kansas law as summarized on our Kansas 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 by city in Kansas

Credit unions are headquartered in 33 cities and towns across Kansas. Pick a city for addresses and websites, or scroll down for the smaller towns.

• Wichita · 8
• Topeka · 6
• Kansas City · 5
• Salina · 3
• Lenexa · 2
• Overland Park · 2
• Manhattan · 1
• Shawnee · 1

All credit unions in Kansas

Credit unions in smaller towns of Kansas

Other cities and towns in Kansas where credit unions are headquartered, and how many there are in each.

• Arkansas City 1
• Atchison 1
• Augusta 1
• Beloit 1
• Clay Center 1
• Coffeyville 2
• Dodge City 1
• Ellis 1
• Emporia 2
• Garden City 2
• Glasco 1
• Goessel 1
• Grinnell 1
• Hoisington 1
• Hutchinson 6
• Leavenworth 2
• Marysville 1
• Mcpherson 1
• Mission 1
• Moundridge 1
• Norton 1
• Pittsburg 1
• South Hutchinso 1
• Valley Center 1
• Wellington 1