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 Omaha, NE
19 credit unions are headquartered in Omaha, with 251,438 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
- 19
- Members
- 251,438
- Federal
- 16
- State-chartered
- 3
Credit unions vs payday loan stores in Omaha
Omaha has 19 credit unions headquartered here and 2 payday, installment and title loan stores. Local credit unions count 251,438 members — roughly 45 memberships per 100 residents.
Credit unions
19
3.4 per 100k residents
251,438 members
Payday & loan stores
2
0.4 per 100k residents
1 store chain
Biggest loan store chains in Omaha: OneMain Financial (2).
Borrowing $500 for 6 months in Omaha
| 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
- 1.3%
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 Omaha
- Median household income
- $82,306
- A $400 emergency equals
- 1.8 days of income
- Households earning under $25,000
- 14.3%
- Residents below the poverty line
- 11.8%
Income and poverty: U.S. Census Bureau, American Community Survey, by ZIP code; figures for Omaha 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 headquartered in Omaha
| Credit union | Address | Members | Website |
|---|---|---|---|
| Centris Federal Credit UnionFederal | 13120 Pierce St Omaha, NE 68144 | 131,382 | centrisfcu.org |
| Metro Credit UnionFederal | P.O. Box 390696 Omaha, NE 68139 | 44,832 | metrofcu.org |
| First Nebraska Credit UnionState-chartered | 10655 Bedford Ave Omaha, NE 68134 | 16,107 | firstnebraska.org |
| Mutual First Federal Credit UnionFederal | 14510 F. St Omaha, NE 68137 | 10,093 | mutualfirst.com |
| Four Points Federal Credit UnionFederal | PO Box 541030 Omaha, NE 68154 | 9,231 | fourpointsfcu.org |
| Omaha Federal Credit UnionFederal | 3001 S 82nd Ave Omaha, NE 68124 | 8,285 | omahafcu.org |
| Omaha Police Federal Credit UnionFederal | 3003 S 82nd Ave Omaha, NE 68124 | 6,257 | policefcuofomaha.com |
| Omaha Firefighters Credit UnionState-chartered | 4630 S 143rd St Omaha, NE 68137 | 3,625 | omahafirefighterscu.org |
| Omaha Douglas Federal Credit UnionFederal | 8251 W Center Rd Omaha, NE 68124 | 3,360 | omahadouglasfcu.org |
| Family Focus Federal Credit UnionFederal | 7310 N Plz Omaha, NE 68127 | 3,132 | familyfocusfcu.org |
| Omaha Public Power Dist Emp Federal Credit UnionFederal | 1919 Aksarben Dr, 8th Floor Omaha, NE 68106 | 2,980 | oppd-efcu.org |
| Union Pacific Streamliner Federal Credit UnionFederal | 1400 Douglst St Ms 40 Omaha, NE 68179 | 2,447 | upcu.org |
| U.P. Connection Federal Credit UnionFederal | 6707 Grover St Omaha, NE 68106 | 2,395 | upconnectionfcu.org |
| Electrical Workers No 22 Federal Credit UnionFederal | 8960 L St Ste 102 Omaha, NE 68127 | 2,121 | ew22fcu.org |
| Neighborhood Community Federal Credit UnionFederal | 4848 S 120th St Omaha, NE 68137 | 1,974 | ncfcu.org |
| Gallup Federal Credit UnionFederal | 1001 Gallup Dr Omaha, NE 68102 | 1,412 | gallupfcu.com |
| Woodmen Federal Credit UnionFederal | 208 S 18th St Ste 100 Omaha, NE 68102 | 847 | woodmenfcu.org |
| Roberts Dairy Employees Federal Credit UnionFederal | P.O. Box 0366 Omaha, NE 68101 | 543 | robertsdairyefcu.org |
| Our Family Social Credit UnionState-chartered | 4833 S 92nd Ave Omaha, NE 68127 | 415 | — |
Payday and installment loan stores in Omaha
For comparison: storefront payday, installment and title lenders in Omaha 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 |
|---|---|---|---|
| 12103 W Center Rd Omaha, NE 68144 | (402) 330-1610 | — | 3.8 |
| 7613 Cass St Omaha, NE 68114 | (402) 391-1224 | — | 3.1 |
More about Omaha
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 Omaha 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.