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 City, OK
16 credit unions are headquartered in Oklahoma City, with 901,205 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
- 16
- Members
- 901,205
- Federal
- 11
- State-chartered
- 5
Credit unions vs payday loan stores in Oklahoma City
Oklahoma City has 40 payday, installment and title loan stores but only 16 credit unions headquartered here — about 2.5 loan stores for every credit union. Local credit unions count 901,205 members — roughly 130 memberships per 100 residents.
Credit unions
16
2.3 per 100k residents
901,205 members
Payday & loan stores
40
5.8 per 100k residents
11 store chains
Biggest loan store chains in Oklahoma City: Check 'n Go (8), ACE Cash Express (6), Security Finance (5), OneMain Financial (4), Advance America (3).
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 City
- Median household income
- $63,608
- Payday fee of $75, share of two weeks' income
- 3.1%
- Hours of work to pay the $75 fee
- 4.2 hours
- PAL payment of $174.50, share of monthly income
- 3.3%
- A $400 emergency equals
- 2.3 days of income
- Households earning under $25,000
- 18.7%
- Residents below the poverty line
- 17.2%
Income and poverty: U.S. Census Bureau, American Community Survey, by ZIP code; figures for Oklahoma City 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 headquartered in Oklahoma City
| Credit union | Address | Members | Website |
|---|---|---|---|
| Tinker Federal Credit UnionFederal | PO Box 45750 Oklahoma City, OK 73145 | 484,290 | tinkerfcu.org |
| Communication Federal Credit UnionFederal | 4141 NW Expressway, Suite 200 Oklahoma City, OK 73116 | 132,568 | comfedcu.org |
| Weokie Federal Credit UnionFederal | Box 26090 Oklahoma City, OK 73126 | 68,969 | weokie.org |
| True Sky Federal Credit UnionFederal | P.O. Box 26406 Oklahoma City, OK 73126 | 63,740 | truesky.org |
| Oklahoma's Federal Credit UnionFederal | PO Box 24027 Oklahoma City, OK 73124 | 57,921 | okcu.org |
| Allegiance Federal Credit UnionFederal | PO Box 57020 Oklahoma City, OK 73157 | 23,829 | allegiancecu.org |
| U. S. Employees O. C. Federal Credit UnionFederal | 4301 S. Interstate 44 Service Rd Oklahoma City, OK 73119 | 15,027 | usefcu.org |
| The Focus Federal Credit UnionFederal | 420 NE 10th St Oklahoma City, OK 73104 | 12,341 | focusfcu.org |
| Oklahoma Educators Credit UnionState-chartered | PO Box 22222 Oklahoma City, OK 73123 | 11,433 | oecu.com |
| Municipal Emps Credit Union of Oklahoma CityState-chartered | 101 N Walker Oklahoma City, OK 73102 | 9,676 | mecuokc.org |
| Oklahoma Federal Credit UnionFederal | 517 NE 36th St Oklahoma City, OK 73105 | 9,491 | okfcu.com |
| Credit Union One of OklahomaState-chartered | PO Box 53005 Oklahoma City, OK 73152 | 3,427 | cuoneok.org |
| Energize Credit UnionState-chartered | PO Box 54309 Oklahoma City, OK 73154 | 3,094 | energize.coop |
| Department of Public Safety Federal Credit UnionFederal | 3650 N Martin Luther King Ave Oklahoma City, OK 73111 | 2,412 | dpsfcu.org |
| Integris Federal Credit UnionFederal | 2525 NW Expressway Ste 108 Oklahoma City, OK 73112 | 1,700 | integrisfcu.org |
| Teachers Credit UnionState-chartered | 2300 NW 23rd St Oklahoma City, OK 73107 | 1,287 | tcuok.org |
Payday and installment loan stores in Oklahoma City
For comparison: storefront payday, installment and title lenders in Oklahoma City 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 |
|---|---|---|---|
| 101 N Douglas Blvd Ste M Midwest City, OK 73130 | (405) 741-1809 | — | 4.9 |
| 12233 N Pennsylvania Ave Oklahoma City, OK 73120 | (405) 748-9050 | — | 4.8 |
| 1408 N Eastern Ave Oklahoma City, OK 73160 | (405) 237-1013 | — | 4.8 |
| 2401 NW 23rd St Ste 58 Oklahoma City, OK 73107 | (405) 525-3990 | — | 4.8 |
| 4527 SE 29th St Del City, OK 73115 | (405) 677-2487 | — | 4.9 |
| 5350 S Western Ave Suite 104 Oklahoma City, OK 73109 | (405) 835-2883 | — | 4.9 |
| 5616 Northwest Expy Warr Acres, OK 73132 | (405) 621-2160 | — | 4.8 |
| 5904 NW 38th St Warr Acres, OK 73122 | (405) 789-4441 | — | 4.9 |
| 13427 N Pennsylvania Ave Oklahoma City, OK 73120 | (405) 302-0076 | — | 4.7 |
| 1425 SW 59th St Oklahoma City, OK 73119 | (405) 685-3366 | — | 4.8 |
| 216 NW 23rd St Oklahoma City, OK 73103 | (405) 528-3121 | — | 4.8 |
| 4535 NW 23rd St #80a Oklahoma City, OK 73127 | (405) 947-7377 | — | 4.7 |
| 6601 Northwest Expy Oklahoma City, OK 73132 | (405) 721-0500 | — | 4.7 |
| 824 S Air Depot Blvd A Midwest City, OK 73110 | (405) 736-6639 | — | 4.8 |
| 2301 S Douglas Blvd #110 Midwest City, OK 73130 | (405) 736-0800 | — | 4.8 |
| 2723 S I-35 Service Rd Moore, OK 73160 | (405) 793-7500 | — | 4.9 |
| Continental Finance 4611 SE 29th St Del City, OK 73115 | (405) 672-0841 | — | 4.7 |
| 6054 S Western Ave Oklahoma City, OK 73139 | (405) 632-4111 | — | 4.9 |
| 6726 Northwest Expy Oklahoma City, OK 73132 | (405) 495-5626 | — | 5.0 |
| 12108 S Pennsylvania Ave Ste 500 Oklahoma City, OK 73170 | (405) 691-8073 | — | 4.0 |
| 1405 S Douglas Blvd STE A Midwest City, OK 73130 | (405) 741-6600 | — | 4.5 |
| 2524 W Memorial Rd Oklahoma City, OK 73134 | (405) 755-7103 | — | 4.2 |
| 7927 N May Ave Oklahoma City, OK 73120 | (405) 848-7736 | — | 3.7 |
| 232 S. Air Depot Blvd., Ste. A Midwest City, OK 73110 | (405) 737-8300 | Mon–Fri 9:00 AM – 5:30 PM Sat 10:00 AM – 1:00 PM Sun closed |
— |
| 838 NW 12th St. Moore, OK 73160 | (405) 790-0633 | Mon–Fri 9:00 AM – 5:30 PM Sat 10:00 AM – 1:00 PM Sun closed |
— |
| 9300 N. May Ave., Ste. 100 Oklahoma City, OK 73120 | (405) 752-7524 | Mon–Fri 9:00 AM – 5:30 PM Sat 10:00 AM – 1:00 PM Sun closed |
— |
| 2613 N MacArthur Blvd Oklahoma City, OK 73127 | (405) 789-3020 | — | 4.3 |
| 639-A NW 7th St Moore, OK 73160 | (405) 794-4444 | — | 4.8 |
| 7390 S Walker Ave Suite E Oklahoma City, OK 73139 | (405) 616-5812 | — | 4.1 |
| 1200 S Air Depot Blvd Ste V Midwest City, OK 73110 | (405) 737-5000 | — | 4.8 |
| 2713 SW 29th St Ste 5 Oklahoma City, OK 73119 | (405) 308-4712 | — | 4.8 |
| 6028 S Western Ave Oklahoma City, OK 73139 | (405) 213-0514 | — | 4.9 |
| Shamrock Finance 312 N Broadway Ave Moore, OK 73160 | (405) 793-1411 | — | 4.6 |
| Shamrock Finance 4531 SE 29th St Del City, OK 73115 | (405) 672-2336 | — | 4.8 |
| Shamrock Finance 7804 S Western Ave Oklahoma City, OK 73139 | (405) 688-0000 | — | 4.8 |
| 1800 S Air Depot Blvd Midwest City, OK 73110 | (405) 733-0400 | — | 4.4 |
| 3623 NW 39th St Oklahoma City, OK 73112 | (405) 917-5178 | — | 4.4 |
| 5912A SE 15th St Oklahoma City, OK 73110 | (405) 694-4024 | — | 4.8 |
| 825 SW 19th St #10 Moore, OK 73160 | (405) 666-5145 | — | 5.0 |
| 6815 N May Ave Oklahoma City, OK 73116 | (405) 949-0912 | — | 4.9 |
More about Oklahoma City
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 Oklahoma City 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.