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 Roseburg, OR
1 credit union is headquartered in Roseburg, with 19,642 members. 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
- 1
- Members
- 19,642
- Federal
- 1
- State-chartered
- 0
Credit unions vs payday loan stores in Roseburg
Roseburg has 2 payday, installment and title loan stores but only 1 credit unions headquartered here — about 2.0 loan stores for every credit union. Local credit unions count 19,642 members — roughly 38 memberships per 100 residents.
Credit unions
1
1.9 per 100k residents
19,642 members
Payday & loan stores
2
3.9 per 100k residents
2 store chains
Biggest loan store chains in Roseburg: ACE Cash Express (1), OneMain Financial (1).
What a $500 loan costs over 3 months
| Option | Payment | Total cost |
|---|---|---|
| Payday loan, re-borrowed 6 times (~154% APR) | $50.00 every 2 weeks | $300.00 |
| 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
- $256.49 payday costs 7× more
Payday: the OR maximum — $50 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 Roseburg
- Median household income
- $64,537
- Payday fee of $50, share of two weeks' income
- 2.0%
- Hours of work to pay the $50 fee
- 3.2 hours
- PAL payment of $174.50, share of monthly income
- 3.2%
- A $400 emergency equals
- 2.3 days of income
- Households earning under $25,000
- 18.7%
- Residents below the poverty line
- 14.6%
Income and poverty: U.S. Census Bureau, American Community Survey, by ZIP code; figures for Roseburg are population-weighted and approximate. Hours of work are based on the median individual income.
Payday loans vs credit union PALs: the rules in Oregon
| Payday loan in OR | Credit union PAL | |
|---|---|---|
| Legal status | Allowed | Offered by many federal credit unions |
| Loan amount | $500 | $200 – $2,000 |
| Fee limit | Capped at 36% APR + $10 per $100 max fee ($50) | Application fee up to $20 |
| Typical APR | ~154% | 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: Oregon law as summarized on our Oregon 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 Roseburg
| Credit union | Address | Members | Website |
|---|---|---|---|
| Cascade Community Federal Credit UnionFederal | PO Box 1166 Roseburg, OR 97470 | 19,642 | cascadecu.org |
Payday and installment loan stores in Roseburg
For comparison: storefront payday, installment and title lenders in Roseburg 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 |
|---|---|---|---|
| 733 NE Stephens St #5 Roseburg, OR 97470 | (541) 672-7896 | — | 4.9 |
| 780 NW Garden Valley Blvd #44a Roseburg, OR 97471 | (541) 673-8132 | — | 4.4 |
More about Roseburg
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 Roseburg 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.