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 Dallas, TX
15 credit unions are headquartered in Dallas, with 417,645 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
- 15
- Members
- 417,645
- Federal
- 7
- State-chartered
- 8
Credit unions vs payday loan stores in Dallas
Dallas has 46 payday, installment and title loan stores but only 15 credit unions headquartered here — about 3.1 loan stores for every credit union. Local credit unions count 417,645 members — roughly 30 memberships per 100 residents.
Credit unions
15
1.1 per 100k residents
417,645 members
Payday & loan stores
46
3.4 per 100k residents
8 store chains
Biggest loan store chains in Dallas: TitleMax (15), ACE Cash Express (9), Oportun (9), Speedy Cash (4), Check 'n Go (3).
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 Dallas
- Median household income
- $73,456
- Payday fee of $75, share of two weeks' income
- 2.7%
- Hours of work to pay the $75 fee
- 3.6 hours
- PAL payment of $174.50, share of monthly income
- 2.9%
- A $400 emergency equals
- 2.0 days of income
- Households earning under $25,000
- 17.4%
- Residents below the poverty line
- 16.7%
Income and poverty: U.S. Census Bureau, American Community Survey, by ZIP code; figures for Dallas 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 Dallas
| Credit union | Address | Members | Website |
|---|---|---|---|
| Advancial Federal Credit UnionFederal | 10000 N Central Expy Ste 1400 Dallas, TX 75231 | 141,745 | advancial.org |
| Resource One Credit UnionState-chartered | PO Box 660077 Dallas, TX 75266 | 70,924 | r1cu.org |
| Neighborhood Credit UnionState-chartered | PO Box 803476 Dallas, TX 75380 | 68,342 | myncu.com |
| Southwest Airlines Federal Credit UnionFederal | PO Box 35708 Dallas, TX 75235 | 60,152 | swacu.org |
| City Credit UnionState-chartered | 7474 Ferguson Rd Dallas, TX 75228 | 33,792 | citycu.org |
| Lone Star Credit UnionState-chartered | 7508 Ferguson Rd Dallas, TX 75228 | 11,776 | lonestarcu.org |
| Prestige Community Credit UnionState-chartered | P.O. Box 802631 Dallas, TX 75380 | 7,817 | prestigecu.org |
| Metro Medical Credit UnionState-chartered | 8200 Brookriver Dr Ste N110 Dallas, TX 75247 | 6,162 | mmcu.com |
| Baylor Health Care System Credit UnionState-chartered | 4005 Crutcher St Ste 130 Dallas, TX 75246 | 4,936 | bhcscu.com |
| The Local Federal Credit UnionFederal | P.O. Box 560303 Dallas, TX 75356 | 4,006 | thelocalfcu.com |
| Neiman Marcus Group Employees Federal Credit UnionFederal | 1618 Main St Dallas, TX 75201 | 2,314 | theneighborgood.com |
| Methodist Hospital Employees Federal Credit UnionFederal | P. O. Box 655999 Dallas, TX 75265 | 1,672 | mhefcu.com |
| Oak Cliff Christian Federal Credit UnionFederal | 1130 W Camp Wisdom Rd Dallas, TX 75232 | 1,564 | occfcu.org |
| Dallas U.P. Employees Credit UnionState-chartered | PO Box 41025 Dallas, TX 75241 | 1,447 | dupecu.org |
| Faith Cooperative Federal Credit UnionFederal | P O Box 397538 Dallas, TX 75339 | 996 | faithcfcu.com |
Payday and installment loan stores in Dallas
For comparison: storefront payday, installment and title lenders in Dallas 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 |
|---|---|---|---|
| 10544 Walnut St #103 Dallas, TX 75243 | (214) 628-7635 | — | 3.4 |
| 10924 Garland Rd Dallas, TX 75218 | (214) 321-0273 | — | 5.0 |
| 1315 S Buckner Blvd Dallas, TX 75217 | (972) 728-9351 | — | 5.0 |
| 14039 Coit Rd Dallas, TX 75240 | (972) 773-8722 | — | 5.0 |
| 19021 Midway Rd Ste 400 Dallas, TX 75287 | (972) 862-2150 | — | 5.0 |
| 2506 S Buckner Blvd Ste 103 Dallas, TX 75227 | (214) 275-3969 | — | 5.0 |
| 2515 S Westmoreland Rd Dallas, TX 75211 | (972) 773-8219 | — | 5.0 |
| 3020 W Northwest Hwy Dallas, TX 75220 | (214) 351-0063 | — | 5.0 |
| 4109 W Camp Wisdom Rd Dallas, TX 75237 | (972) 709-7885 | — | 5.0 |
| 4129 W Jefferson Blvd Dallas, TX 75211 | (972) 707-5034 | — | 5.0 |
| 4848 Lemmon Ave Suite 104 Dallas, TX 75219 | (214) 414-0494 | — | 5.0 |
| 5026 Ross Ave Dallas, TX 75206 | (972) 581-1536 | — | 5.0 |
| 610 E Jefferson Blvd Ste 130 Dallas, TX 75203 | (972) 728-0494 | — | 4.9 |
| 6521 E NW Hwy Dallas, TX 75231 | (972) 773-8728 | — | 4.9 |
| 9147 Skillman St Ste 400 Dallas, TX 75243 | (214) 341-2551 | — | 5.0 |
| 1095 Wynnewood Plaza Dallas, TX 75224 | (214) 946-2274 | — | 4.7 |
| 1120 W Camp Wisdom Rd Dallas, TX 75232 | (972) 224-8074 | — | 4.9 |
| 3117 Al Lipscomb Way Dallas, TX 75215 | (214) 421-4894 | — | 4.9 |
| 3200 S Lancaster Rd Ste 170B Dallas, TX 75216 | (214) 375-6209 | — | 4.9 |
| 3306 W Camp Wisdom Rd Ste 120 Dallas, TX 75237 | (972) 709-1206 | — | 4.9 |
| 3714 W Ledbetter Dr A Dallas, TX 75233 | (214) 331-2081 | — | 4.7 |
| 5920 Samuell Blvd Dallas, TX 75228 | (214) 275-7663 | — | 4.9 |
| 9545 Lake June Rd Dallas, TX 75217 | (214) 309-0101 | — | 4.7 |
| 9730 Abrams Rd #107 Dallas, TX 75243 | (214) 340-2274 | — | 4.9 |
| 10325 Lake June Rd Ste 110 Dallas, TX 75217 | (469) 804-3746 | — | 4.8 |
| 14211 S Coit Rd Suite I Dallas, TX 75254 | (972) 755-3472 | — | 5.0 |
| 2550 Gus Thomasson Rd Dallas, TX 75228 | (469) 804-3659 | — | 4.9 |
| 2959 S Buckner Blvd Dallas, TX 75227 | (972) 755-3339 | — | 4.9 |
| 3420 W Illinois Ave Ste 200A Dallas, TX 75211 | (214) 273-4450 | — | 5.0 |
| 9751 Webb Chapel Rd #700 Dallas, TX 75220 | (214) 273-4449 | — | 4.8 |
| Inside El Rancho, 2770 Valwood Pkwy Farmers Branch, TX 75234 | (972) 755-3473 | — | 4.8 |
| Inside El Rio Grande, 2515 W Jefferson Blvd Dallas, TX 75211 | (469) 804-0590 | — | 5.0 |
| Inside Fiesta Mart, 3460 Webb Chapel Ext Dallas, TX 75220 | (214) 210-7173 | — | 5.0 |
| 10201 Lake June Rd Dallas, TX 75217 | (972) 329-0006 | — | 4.9 |
| 1441-45 E Kiest Blvd Dallas, TX 75216 | (214) 371-0086 | — | 4.9 |
| 2601 S Hampton Rd Dallas, TX 75224 | (214) 330-4500 | — | 4.9 |
| 3706 W Northwest Hwy Dallas, TX 75220 | (214) 351-7097 | — | 4.8 |
| 14207 S Coit Rd Ste 100 Dallas, TX 75254 | (469) 791-9106 | — | 4.9 |
| 2427 W Kiest Blvd Dallas, TX 75233 | (214) 331-6260 | — | 4.9 |
| 4010 Ross Ave Dallas, TX 75204 | (214) 827-0797 | — | 4.8 |
| 15250 Dallas Pkwy Ste. 400 Dallas, TX 75248 | (469) 289-5228 | — | 4.6 |
| 2525 W Wheatland Rd #280 Dallas, TX 75237 | (214) 329-1706 | — | 4.8 |
| 12225 Greenville Ave #430 Dallas, TX 75243 | (214) 575-4400 | — | 3.6 |
| 655 W Illinois Ave Ste 236A Dallas, TX 75224 | (469) 998-1891 | — | 3.4 |
| 2707 Buckner Blvd Dallas, TX 75227 | (469) 480-5889 | — | 4.9 |
| 3333 W Camp Wisdom Rd ste 126 Dallas, TX 75237 | (214) 943-3343 | — | 4.8 |
More about Dallas
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 Dallas 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.