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 Huntington, WV
10 credit unions are headquartered in Huntington, with 35,699 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
- 10
- Members
- 35,699
- Federal
- 10
- State-chartered
- 0
Credit unions vs payday loan stores in Huntington
Huntington has 10 credit unions headquartered here and just 1 payday, installment or title loan store. Local credit unions count 35,699 members — roughly 51 memberships per 100 residents.
Credit unions
10
14.2 per 100k residents
35,699 members
Payday & loan stores
1
1.4 per 100k residents
1 store chain
Biggest loan store chains in Huntington: OneMain Financial (1).
Borrowing $500 for 6 months in Huntington
| Option | Payment | Total cost of borrowing |
|---|---|---|
| Installment loan at the West Virginia rate cap (31% APR) | $91.03/mo | $46.17 |
| Credit union PAL (28% APR) | $90.27/mo | $41.62 |
| Payday loan renewed every 2 weeks (typical $15 per $100, not available in West Virginia) | $75.00 every 2 weeks | $975.00 |
- Monthly payment at the West Virginia rate cap vs median monthly household income
- 2.1%
Example calculation with fixed monthly payments; the payday row shows typical out-of-state pricing for comparison. Actual rates and terms vary by lender.
What it means for a household in Huntington
- Median household income
- $51,166
- A $400 emergency equals
- 2.9 days of income
- Households earning under $25,000
- 29.8%
- Residents below the poverty line
- 24.6%
Income and poverty: U.S. Census Bureau, American Community Survey, by ZIP code; figures for Huntington are population-weighted and approximate. Hours of work are based on the median individual income.
Payday loans vs credit union PALs: the rules in West Virginia
| Payday loan in WV | Credit union PAL | |
|---|---|---|
| Legal status | Not allowed — storefront payday loans are banned | Offered by many federal credit unions |
| Rate cap | Capped at 31% APR | 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: West Virginia law as summarized on our West Virginia 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 Huntington
| Credit union | Address | Members | Website |
|---|---|---|---|
| First Priority Federal Credit UnionFederal | PO Box 9408 Huntington, WV 25704 | 7,321 | firstpriorityfcu.org |
| Universal Federal Credit UnionFederal | 317 31st St Huntington, WV 25702 | 5,929 | universalfcu.com |
| Huntingtonized Federal Credit UnionFederal | 481 8th Ave West Huntington, WV 25701 | 4,836 | huntingtonized.com |
| Metro Community Federal Credit UnionFederal | P O Box 5438 Huntington, WV 25703 | 4,643 | metrocommunityfcu.com |
| Huntington C & O Railway Employees Federal Credit UnionFederal | PO Box 4127 Huntington, WV 25729 | 4,245 | huntingtonco.com |
| Chhe Federal Credit UnionFederal | 1204 Hal Greer Blvd Huntington, WV 25701 | 4,079 | chhe.org |
| Ibew 317 Federal Credit UnionFederal | 1848 Madison Ave Ste B Huntington, WV 25704 | 1,957 | ibew317fcu.com |
| Pace Federal Credit UnionFederal | 502 8th St Huntington, WV 25701 | 1,200 | pace-fcu.com |
| Appalachian Power Employees Federal Credit UnionFederal | 1122 7th Avenue Huntington, WV 25701 | 838 | appalachianpowerefcu.virtualcu.net |
| Huntington West Va Firemens Federal Credit UnionFederal | PO Box 2133 Huntington, WV 25721 | 651 | wvhffcu.com |
Payday and installment loan stores in Huntington
For comparison: storefront payday, installment and title lenders in Huntington 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 |
|---|---|---|---|
| 4341 US-60 Ste 175 Huntington, WV 25705 | (304) 733-9338 | — | 4.7 |
More about Huntington
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 Huntington 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.