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 Arlington, TX
4 credit unions are headquartered in Arlington, with 19,148 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
- 4
- Members
- 19,148
- Federal
- 3
- State-chartered
- 1
Credit unions vs payday loan stores in Arlington
Arlington has 18 payday, installment and title loan stores but only 4 credit unions headquartered here — about 4.5 loan stores for every credit union. Local credit unions count 19,148 members — roughly 5 memberships per 100 residents.
Credit unions
4
1.0 per 100k residents
19,148 members
Payday & loan stores
18
4.5 per 100k residents
11 store chains
Biggest loan store chains in Arlington: TitleMax (5), ACE Cash Express (4), Check 'n Go (1), Lendmark Financial Services (1), Mariner Finance (1).
What a $500 loan costs over 3 months
| Option | Payment | Total cost |
|---|---|---|
| Payday loan, re-borrowed 6 times (~662%+ 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: a typical fee of $75 on a $500 loan for 2 weeks (TX limits are not set in dollars), paid 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 Arlington
- Median household income
- $78,705
- Payday fee of $75, share of two weeks' income
- 2.5%
- Hours of work to pay the $75 fee
- 4.0 hours
- PAL payment of $174.50, share of monthly income
- 2.7%
- A $400 emergency equals
- 1.9 days of income
- Households earning under $25,000
- 12.9%
- Residents below the poverty line
- 13.1%
Income and poverty: U.S. Census Bureau, American Community Survey, by ZIP code; figures for Arlington are population-weighted and approximate. Hours of work are based on the median individual income.
Payday loans vs credit union PALs: the rules in Texas
| Payday loan in TX | Credit union PAL | |
|---|---|---|
| Legal status | Allowed | Offered by many federal credit unions |
| Loan amount | No limit (CSO Model) | $200 – $2,000 |
| Fee limit | No state cap (fees set by city ordinances) (Varies) | Application fee up to $20 |
| Typical APR | ~662%+ | 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: Texas law as summarized on our Texas 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 Arlington
| Credit union | Address | Members | Website |
|---|---|---|---|
| Libertyone Credit UnionState-chartered | 2221 E Lamar Blvd Ste 110 Arlington, TX 76006 | 9,350 | libertyonecu.com |
| Allied Federal Credit UnionFederal | 200 SE Green Oaks Blvd Arlington, TX 76018 | 8,301 | alliedfcu.com |
| Mount Olive Baptist Church Federal Credit UnionFederal | 514 N.L. Robinson Dr Arlington, TX 76011 | 1,311 | mountolivebc.net |
| Musicians Federal Credit UnionFederal | 1939 Stadium Oaks Ct Ste 110 Arlington, TX 76011 | 186 | musiciansdfw.org |
Payday and installment loan stores in Arlington
For comparison: storefront payday, installment and title lenders in Arlington 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 |
|---|---|---|---|
| 1015 E Pioneer Pkwy Arlington, TX 76010 | (817) 459-8001 | — | 4.9 |
| 1112 N Collins St Arlington, TX 76011 | (817) 460-1433 | — | 4.9 |
| 2424 W Pioneer Pkwy Ste A Pantego, TX 76013 | (817) 566-1177 | — | 5.0 |
| 4311 Little Rd #101 Arlington, TX 76016 | (817) 516-3529 | — | 4.9 |
| 5500 S Cooper St #100 Arlington, TX 76017 | (817) 472-8940 | — | 4.9 |
| 2230 N Collins St Arlington, TX 76011 | (817) 861-2414 | — | 4.9 |
| 4701 S Cooper St Ste 101 Arlington, TX 76017 | (817) 375-0016 | — | 4.9 |
| 4801 Little Rd Ste 127 Arlington, TX 76017 | (817) 563-1437 | — | 4.6 |
| 934 N Collins St Ste B Arlington, TX 76011 | (817) 274-5275 | — | 4.8 |
| 5415 S Cooper St #109 Arlington, TX 76017 | (817) 419-9273 | — | 4.9 |
| 5001 S Cooper St Arlington, TX 76017 | (682) 284-0567 | — | 3.9 |
| 4101 S Cooper St Ste 109 Arlington, TX 76015 | (817) 983-7013 | — | 4.7 |
| 4000 Retail Connection Way #117 Arlington, TX 76018 | (817) 465-9288 | — | 1.8 |
| Inside El Rancho, 1909 E Park Row Dr Arlington, TX 76010 | (682) 587-1837 | — | 5.0 |
| 852 Secretary Dr Arlington, TX 76015 | (817) 276-1100 | — | 4.9 |
| 815 E Pioneer Pkwy Arlington, TX 76010 | (817) 261-2444 | — | 4.8 |
| 2824 S Cooper St Ste 121 Arlington, TX 76015 | (682) 323-3946 | — | 4.8 |
|
Texas Car Title and Payday Loan Services
1 store in Arlington
texascartitleandpaydayloanservicesinc.com
|
|||
| 2222 S Bowen Rd Arlington, TX 76013 | (817) 795-2100 | — | 4.8 |
More about Arlington
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 Arlington 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.