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 Nebraska
50 credit unions are headquartered in Nebraska, with 555,918 members in total. 40 are federal credit unions and 10 are state-chartered; all are federally insured by the NCUA.
- Credit unions
- 50
- Members
- 555,918
- Federal
- 40
- State-chartered
- 10
- Members per 100 people
- 28
- CUs per 100k people
- 2.5
Credit unions vs payday loan stores in Nebraska
Nebraska has 50 credit unions headquartered here and 7 payday, installment and title loan stores. Local credit unions count 555,918 members — roughly 28 memberships per 100 residents.
Credit unions
50
2.5 per 100k residents
555,918 members
Payday & loan stores
7
0.4 per 100k residents
1 store chain
Biggest loan store chains in Nebraska: OneMain Financial (7).
Borrowing $500 for 6 months in Nebraska
| Option | Payment | Total cost of borrowing |
|---|---|---|
| Installment loan at the Nebraska 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 Nebraska) | $75.00 every 2 weeks | $975.00 |
- Monthly payment at the Nebraska rate cap vs median monthly household income
- 1.4%
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 Nebraska
- Median household income
- $79,262
- A $400 emergency equals
- 1.8 days of income
- Households earning under $25,000
- 13.9%
- Residents below the poverty line
- 10.5%
Income and poverty: U.S. Census Bureau, American Community Survey, by ZIP code; figures for Nebraska are population-weighted and approximate. Hours of work are based on the median individual income.
Payday loans vs credit union PALs: the rules in Nebraska
| Payday loan in NE | Credit union PAL | |
|---|---|---|
| Legal status | Not allowed — storefront payday loans are banned | Offered by many federal credit unions |
| Rate cap | Capped at 36% APR (2020 Ballot) | 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: Nebraska law as summarized on our Nebraska 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 Nebraska
Credit unions are headquartered in 21 cities and towns across Nebraska. Pick a city for addresses and websites, or scroll down for the smaller towns.
All credit unions in Nebraska
| Credit union | Headquarters | Members | Website |
|---|---|---|---|
| Centris Federal Credit UnionFederal | Omaha | 131,382 | centrisfcu.org |
| Cobalt Federal Credit UnionFederal | Papillion | 117,031 | cobaltcu.com |
| Metro Credit UnionFederal | Omaha | 44,832 | metrofcu.org |
| Liberty First Credit UnionState-chartered | Lincoln | 35,653 | libertyfirstcu.com |
| Siouxland Federal Credit UnionFederal | South Sioux Cit | 25,513 | siouxlandfederalcu.com |
| Trius Federal Credit UnionFederal | Kearney | 20,483 | triusfcu.com |
| Lincone Federal Credit UnionFederal | Lincoln | 16,977 | linconefcu.org |
| First Nebraska Credit UnionState-chartered | Omaha | 16,107 | firstnebraska.org |
| Nebraska Energy Federal Credit UnionFederal | Columbus | 12,232 | ne-fcu.org |
| University of Nebraska Federal Credit UnionFederal | Lincoln | 11,272 | nufcu.org |
| Mutual First Federal Credit UnionFederal | Omaha | 10,093 | mutualfirst.com |
| Four Points Federal Credit UnionFederal | Omaha | 9,231 | fourpointsfcu.org |
| Membersown Credit UnionState-chartered | Lincoln | 8,934 | membersowncu.org |
| Onenebraska Federal Credit UnionFederal | Columbus | 8,457 | bankingwithyou.com |
| Omaha Federal Credit UnionFederal | Omaha | 8,285 | omahafcu.org |
| Omaha Police Federal Credit UnionFederal | Omaha | 6,257 | policefcuofomaha.com |
| Hastings Federal Credit UnionFederal | Hastings | 5,210 | hastingsfcu.org |
| Archer Cooperative Credit UnionState-chartered | Archer | 4,881 | archerccu.com |
| North Platte Union Pacific Employee Credit UnionState-chartered | North Platte | 3,947 | upemployeescu.com |
| Lincoln Public School Employees Federal Credit UnionFederal | Lincoln | 3,669 | lpscu.com |
| Omaha Firefighters Credit UnionState-chartered | Omaha | 3,625 | omahafirefighterscu.org |
| Spirit of America Federal Credit UnionFederal | Lincoln | 3,542 | spiritofamericafcu.org |
| Consumers Cooperative Federal Credit UnionFederal | Alliance | 3,446 | ccfcuonline.com |
| Omaha Douglas Federal Credit UnionFederal | Omaha | 3,360 | omahadouglasfcu.org |
| Family Focus Federal Credit UnionFederal | Omaha | 3,132 | familyfocusfcu.org |
| Nebraska State Employees Credit UnionState-chartered | Lincoln | 3,092 | nsecu.org |
| Omaha Public Power Dist Emp Federal Credit UnionFederal | Omaha | 2,980 | oppd-efcu.org |
| Midwest Liberty Federal Credit UnionFederal | McCook | 2,533 | midwestlibertyfcu.org |
| Kellogg Midwest Federal Credit UnionFederal | Lavista | 2,506 | kelloggcu.com |
| Union Pacific Streamliner Federal Credit UnionFederal | Omaha | 2,447 | upcu.org |
| First Lincoln Federal Credit UnionFederal | Lincoln | 2,423 | firstlincoln.org |
| U.P. Connection Federal Credit UnionFederal | Omaha | 2,395 | upconnectionfcu.org |
| Chadron Federal Credit UnionFederal | Chadron | 2,229 | chadronfcu.org |
| Electrical Workers No 22 Federal Credit UnionFederal | Omaha | 2,121 | ew22fcu.org |
| Neighborhood Community Federal Credit UnionFederal | Omaha | 1,974 | ncfcu.org |
| Northeast Nebraska Federal Credit UnionFederal | Norfolk | 1,707 | nenbfcu.com |
| Sugar Valley Federal Credit UnionFederal | Scottsbluff | 1,491 | sugarvalleyfcu.org |
| Gallup Federal Credit UnionFederal | Omaha | 1,412 | gallupfcu.com |
| Local 265 Ibew Federal Credit UnionFederal | Lincoln | 1,402 | ibew265.org |
| Lincoln S.D.A. Credit UnionState-chartered | Lincoln | 1,146 | lincolnsdacu.org |
| Central Nebraska Federal Credit UnionFederal | Grand Island | 1,095 | cnfcu.com |
| Hemingford Community Federal Credit UnionFederal | Hemingford | 992 | hemingfordcreditunion.com |
| Woodmen Federal Credit UnionFederal | Omaha | 847 | woodmenfcu.org |
| Pioneer Community Federal Credit UnionFederal | Palisade | 766 | pioneercreditunion.net |
| Box Butte Public Employees Federal Credit UnionFederal | Alliance | 650 | boxbuttefcu.com |
| Nebraska Rural Community Federal Credit UnionFederal | Morrill | 617 | nrcfcu.com |
| Roberts Dairy Employees Federal Credit UnionFederal | Omaha | 543 | robertsdairyefcu.org |
| Meadow Grove Federal Credit UnionFederal | Meadow Grove | 477 | — |
| Our Family Social Credit UnionState-chartered | Omaha | 415 | — |
| Eddyville Cooperative Credit UnionState-chartered | Eddyville | 107 | — |
Credit unions in smaller towns of Nebraska
Other cities and towns in Nebraska where credit unions are headquartered, and how many there are in each.
- Alliance 2
- Archer 1
- Chadron 1
- Columbus 2
- Eddyville 1
- Hastings 1
- Hemingford 1
- Kearney 1
- Lavista 1
- McCook 1
- Meadow Grove 1
- Morrill 1
- Norfolk 1
- North Platte 1
- Palisade 1
- Papillion 1
- Scottsbluff 1
- South Sioux Cit 1
Credit unions are listed in the city of their headquarters; many have branches in other cities and accept members from across the state or the country, so members per 100 people is an approximation.