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 Oklahoma
53 credit unions are headquartered in Oklahoma, with 1,464,139 members in total. 44 are federal credit unions and 9 are state-chartered; all are federally insured by the NCUA.
- Credit unions
- 53
- Members
- 1.5M
- Federal
- 44
- State-chartered
- 9
- Members per 100 people
- 37
- CUs per 100k people
- 1.3
Credit unions vs payday loan stores in Oklahoma
Oklahoma has 287 payday, installment and title loan stores but only 53 credit unions headquartered here — about 5.4 loan stores for every credit union. Local credit unions count 1,464,139 members — roughly 37 memberships per 100 residents.
Credit unions
53
1.3 per 100k residents
1.5M members
Payday & loan stores
287
7.2 per 100k residents
12 store chains
Biggest loan store chains in Oklahoma: Security Finance (92), Check 'n Go (40), Sun Loan Company (37), Western Shamrock Finance (26), OneMain Financial (21).
What a $500 loan costs over 3 months
| Option | Payment | Total cost |
|---|---|---|
| Payday loan, re-borrowed 6 times (~391% APR) | $75.00 every 2 weeks | $450.00 |
| Credit union PAL, 3 monthly payments (28% APR + $20 fee) | $174.50 a month | $43.51 |
- You keep with a credit union PAL over 3 months
- $406.49 payday costs 10× more
Payday: the OK 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 Oklahoma
- Median household income
- $66,838
- Payday fee of $75, share of two weeks' income
- 2.9%
- Hours of work to pay the $75 fee
- 4.3 hours
- PAL payment of $174.50, share of monthly income
- 3.1%
- A $400 emergency equals
- 2.2 days of income
- Households earning under $25,000
- 17.8%
- Residents below the poverty line
- 15.4%
Income and poverty: U.S. Census Bureau, American Community Survey, by ZIP code; figures for Oklahoma are population-weighted and approximate. Hours of work are based on the median individual income.
Payday loans vs credit union PALs: the rules in Oklahoma
| Payday loan in OK | Credit union PAL | |
|---|---|---|
| Legal status | Allowed | Offered by many federal credit unions |
| Loan amount | $500 | $200 – $2,000 |
| Fee limit | $15 per $100 advanced ($75) | Application fee up to $20 |
| Typical APR | ~391% | 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: Oklahoma law as summarized on our Oklahoma 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 Oklahoma
Credit unions are headquartered in 22 cities and towns across Oklahoma. Pick a city for addresses and websites, or scroll down for the smaller towns.
All credit unions in Oklahoma
| Credit union | Headquarters | Members | Website |
|---|---|---|---|
| Tinker Federal Credit UnionFederal | Oklahoma City | 484,290 | tinkerfcu.org |
| Ttcu Federal Credit UnionFederal | Tulsa | 147,698 | ttcu.com |
| Communication Federal Credit UnionFederal | Oklahoma City | 132,568 | comfedcu.org |
| Truity Federal Credit UnionFederal | Bartlesville | 75,525 | truitycu.org |
| Weokie Federal Credit UnionFederal | Oklahoma City | 68,969 | weokie.org |
| True Sky Federal Credit UnionFederal | Oklahoma City | 63,740 | truesky.org |
| Westreet Federal Credit UnionFederal | Tulsa | 60,922 | westreet.org |
| Oklahoma's Federal Credit UnionFederal | Oklahoma City | 57,921 | okcu.org |
| Oklahoma Central Credit UnionState-chartered | Tulsa | 42,970 | oklahomacentral.org |
| Western Sun Federal Credit UnionFederal | Broken Arrow | 25,703 | wsfcu.com |
| Allegiance Federal Credit UnionFederal | Oklahoma City | 23,829 | allegiancecu.org |
| Fort Sill Federal Credit UnionFederal | Lawton | 22,910 | fsfcu.com |
| First Family Federal Credit UnionFederal | Henryetta | 19,075 | firstfamilyfcu.com |
| Red Crown Federal Credit UnionFederal | Tulsa | 18,156 | redcrowncu.org |
| Energy One Federal Credit UnionFederal | Tulsa | 16,745 | energyone.org |
| U. S. Employees O. C. Federal Credit UnionFederal | Oklahoma City | 15,027 | usefcu.org |
| Ou Federal Credit UnionFederal | Norman | 14,151 | oufcu.com |
| Endurance Federal Credit UnionFederal | Duncan | 13,243 | endurancefcu.org |
| Okunity Federal Credit UnionFederal | Stillwater | 12,861 | okcommunitycu.com |
| The Focus Federal Credit UnionFederal | Oklahoma City | 12,341 | focusfcu.org |
| Oklahoma Educators Credit UnionState-chartered | Oklahoma City | 11,433 | oecu.com |
| Municipal Emps Credit Union of Oklahoma CityState-chartered | Oklahoma City | 9,676 | mecuokc.org |
| Oklahoma Federal Credit UnionFederal | Oklahoma City | 9,491 | okfcu.com |
| Cherokee Strip Credit UnionState-chartered | Ponca City | 9,374 | cherokeestrip.com |
| Green Country Federal Credit UnionFederal | Sand Springs | 9,303 | greencountryfcu.com |
| Red River Federal Credit UnionFederal | Altus | 9,049 | rrcu.com |
| Muskogee Federal Credit UnionFederal | Muskogee | 8,191 | mfcuonline.org |
| Dfcu Tulsa Federal Credit UnionFederal | Tulsa | 7,931 | dfcutulsa.com |
| Saint Francis Employees Federal Credit UnionFederal | Tulsa | 5,910 | sffcutulsa.org |
| Southwest Oklahoma Federal Credit UnionFederal | Lawton | 4,851 | swofcu.com |
| Encentus Federal Credit UnionFederal | Tulsa | 4,563 | encentusfcu.org |
| Bison Federal Credit UnionFederal | Shawnee | 3,791 | bisonfcu.com |
| Ok Federal Credit UnionFederal | Bartlesville | 3,532 | okfcu.com |
| Employees Federal Credit UnionFederal | Tulsa | 3,434 | employeesfed.com |
| Credit Union One of OklahomaState-chartered | Oklahoma City | 3,427 | cuoneok.org |
| Fraternal Order of Police Federal Credit UnionFederal | Tulsa | 3,301 | fopfcu.org |
| Ok Members First Federal Credit UnionFederal | Tulsa | 3,287 | omffcu.org |
| Comanche County Federal Credit UnionFederal | Lawton | 3,223 | comanchecountyfcu.com |
| Energize Credit UnionState-chartered | Oklahoma City | 3,094 | energize.coop |
| Fire Fighters Credit UnionState-chartered | Tulsa | 2,704 | firefighterscu.org |
| Department of Public Safety Federal Credit UnionFederal | Oklahoma City | 2,412 | dpsfcu.org |
| First Oklahoma Federal Credit UnionFederal | Glenpool | 2,167 | firstokfcu.org |
| Integris Federal Credit UnionFederal | Oklahoma City | 1,700 | integrisfcu.org |
| Correctional Workers Federal Credit UnionFederal | El Reno | 1,522 | cw-fcu.com |
| Mcalester Aap Federal Credit UnionFederal | Mcalester | 1,337 | mcaapfcu.com |
| Teachers Credit UnionState-chartered | Oklahoma City | 1,287 | tcuok.org |
| United Members Federal Credit UnionFederal | Tulsa | 1,227 | unitedmembersfcu.com |
| Arbuckle Federal Credit UnionFederal | Ada | 1,014 | arbucklefcu.com |
| Cooperative Employees Credit UnionState-chartered | Anadarko | 958 | cecuok.com |
| Otoe-Missouria Federal Credit UnionFederal | Red Rock | 730 | otoemissouriafcu.org |
| Velma Federal Credit UnionFederal | Velma | 689 | — |
| Growing Oaks Federal Credit UnionFederal | Goldsby | 493 | growingoaksfcu.com |
| Morning Star Federal Credit UnionFederal | Tulsa | 394 | — |
Credit unions in smaller towns of Oklahoma
Other cities and towns in Oklahoma where credit unions are headquartered, and how many there are in each.
- Ada 1
- Altus 1
- Anadarko 1
- Bartlesville 2
- Duncan 1
- El Reno 1
- Glenpool 1
- Goldsby 1
- Henryetta 1
- Mcalester 1
- Muskogee 1
- Ponca City 1
- Red Rock 1
- Sand Springs 1
- Shawnee 1
- Velma 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.