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 Ogden, UT
4 credit unions are headquartered in Ogden, with 253,654 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
- 253,654
- Federal
- 3
- State-chartered
- 1
Credit unions vs payday loan stores in Ogden
Ogden has 9 payday, installment and title loan stores but only 4 credit unions headquartered here — about 2.2 loan stores for every credit union. Local credit unions count 253,654 members — roughly 116 memberships per 100 residents.
Credit unions
4
1.8 per 100k residents
253,654 members
Payday & loan stores
9
4.1 per 100k residents
6 store chains
Biggest loan store chains in Ogden: Check City (3), TitleMax (2), Dollar Loan Center (1), Lendmark Financial Services (1), OneMain Financial (1).
What a $500 loan costs over 3 months
| Option | Payment | Total cost |
|---|---|---|
| Payday loan, re-borrowed 6 times (~652%+ 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 (UT 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 Ogden
- Median household income
- $85,835
- Payday fee of $75, share of two weeks' income
- 2.3%
- Hours of work to pay the $75 fee
- 3.8 hours
- PAL payment of $174.50, share of monthly income
- 2.4%
- A $400 emergency equals
- 1.7 days of income
- Households earning under $25,000
- 9.9%
- Residents below the poverty line
- 8.0%
Income and poverty: U.S. Census Bureau, American Community Survey, by ZIP code; figures for Ogden are population-weighted and approximate. Hours of work are based on the median individual income.
Payday loans vs credit union PALs: the rules in Utah
| Payday loan in UT | Credit union PAL | |
|---|---|---|
| Legal status | Allowed | Offered by many federal credit unions |
| Loan amount | No state limit | $200 – $2,000 |
| Fee limit | No state limit (N/A) | Application fee up to $20 |
| Typical APR | ~652%+ | 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: Utah law as summarized on our Utah 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 Ogden
| Credit union | Address | Members | Website |
|---|---|---|---|
| Goldenwest Federal Credit UnionFederal | P O Box 1111 Ogden, UT 84402 | 209,927 | gwcu.org |
| Wasatch Peaks Federal Credit UnionFederal | 4723 Harrison Blvd Ogden, UT 84403 | 31,964 | wasatchpeaks.com |
| Ascent Federal Credit UnionFederal | 4140 Harrison Blvd Ogden, UT 84403 | 9,173 | ascentcu.com |
| Education 1st Credit UnionState-chartered | 1250 Country Hills Dr Ogden, UT 84403 | 2,590 | e1cu.org |
Payday and installment loan stores in Ogden
For comparison: storefront payday, installment and title lenders in Ogden 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 |
|---|---|---|---|
| 1177 Patterson St Ogden, UT 84403 | (801) 409-0090 | — | 4.6 |
| 1207 Washington Blvd Ogden, UT 84404 | (801) 528-5333 | — | 4.7 |
| 985 W Riverdale Rd Riverdale, UT 84405 | (801) 392-9224 | — | 4.6 |
| 1140 W Riverdale Rd Ste F Riverdale, UT 84405 | (801) 393-4462 | — | 4.9 |
| 2070 Harrison Blvd Ogden, UT 84401 | (801) 394-3103 | — | 4.9 |
| 214 12th St Ogden, UT 84404 | (801) 396-2003 | — | 4.8 |
| 4283 Harrison Blvd Ogden, UT 84403 | (385) 470-3738 | — | 5.0 |
| 4145 Riverdale Rd Riverdale, UT 84405 | (801) 394-3445 | — | 3.6 |
| 3965 Washington Blvd Ste 300 South Ogden, UT 84403 | (801) 334-8586 | — | 4.9 |
More about Ogden
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 Ogden 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.