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 Wyoming
18 credit unions are headquartered in Wyoming, with 394,827 members in total. 18 are federal credit unions and 0 are state-chartered; all are federally insured by the NCUA.
- Credit unions
- 18
- Members
- 394,827
- Federal
- 18
- State-chartered
- 0
- Members per 100 people
- 68
- CUs per 100k people
- 3.1
Credit unions vs payday loan stores in Wyoming
Wyoming has 18 credit unions headquartered here and 11 payday, installment and title loan stores. Local credit unions count 394,827 members — roughly 68 memberships per 100 residents.
Credit unions
18
3.1 per 100k residents
394,827 members
Payday & loan stores
11
1.9 per 100k residents
2 store chains
Biggest loan store chains in Wyoming: Advance America (6), OneMain Financial (5).
What a $500 loan costs over 3 months
| Option | Payment | Total cost |
|---|---|---|
| Payday loan, re-borrowed 6 times (~521% APR) | $100.00 every 2 weeks | $600.00 |
| 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
- $556.49 payday costs 14× more
Payday: the WY maximum — $100 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 Wyoming
- Median household income
- $76,892
- Payday fee of $100, share of two weeks' income
- 3.4%
- Hours of work to pay the $100 fee
- 5.2 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
- 14.8%
- Residents below the poverty line
- 10.8%
Income and poverty: U.S. Census Bureau, American Community Survey, by ZIP code; figures for Wyoming are population-weighted and approximate. Hours of work are based on the median individual income.
Payday loans vs credit union PALs: the rules in Wyoming
| Payday loan in WY | Credit union PAL | |
|---|---|---|
| Legal status | Allowed | Offered by many federal credit unions |
| Loan amount | $500 | $200 – $2,000 |
| Fee limit | 20% of advanced amount ($100) | Application fee up to $20 |
| Typical APR | ~521% | 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: Wyoming law as summarized on our Wyoming 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 by city in Wyoming
Credit unions are headquartered in 10 cities and towns across Wyoming. Pick a city for addresses and websites, or scroll down for the smaller towns.
All credit unions in Wyoming
| Credit union | Headquarters | Members | Website |
|---|---|---|---|
| Blue Federal Credit UnionFederal | Cheyenne | 143,848 | bluefcu.com |
| Uniwyo Federal Credit UnionFederal | Laramie | 61,123 | uniwyo.com |
| Meridian Trust Federal Credit UnionFederal | Cheyenne | 43,655 | mymeridiantrust.com |
| Trona Valley Community Federal Credit UnionFederal | Green River | 31,217 | tronavalley.com |
| Wyhy Federal Credit UnionFederal | Cheyenne | 22,839 | wyhy.org |
| Campco Federal Credit UnionFederal | Gillette | 19,564 | campcofcu.com |
| Western Vista Federal Credit UnionFederal | Cheyenne | 17,012 | wvista.com |
| Grand Altitude Federal Credit UnionFederal | Lander | 12,599 | grandaltitude.com |
| Stagepoint Federal Credit UnionFederal | Laramie | 8,930 | stagepointfcu.com |
| Sunlight Federal Credit UnionFederal | Cody | 8,599 | sunlightfcu.com |
| Sheridan Community Federal Credit UnionFederal | Sheridan | 5,992 | sheridancreditunion.com |
| First Education Federal Credit UnionFederal | Cheyenne | 5,576 | firstedfcu.com |
| A.C.P.E. Federal Credit UnionFederal | Laramie | 4,750 | acpefcu.com |
| Pathfinder Federal Credit UnionFederal | Casper | 4,352 | pathfinderfcu.com |
| Cit-Co Federal Credit UnionFederal | Sheridan | 2,251 | citcofcu.com |
| Cheyenne-Laramie County Employees Federal Credit UnionFederal | Cheyenne | 1,875 | clcefcu.org |
| Powell Schools Federal Credit UnionFederal | Powell | 395 | psfcupowell.com |
| Guernsey Community Federal Credit UnionFederal | Guernsey | 250 | — |
Credit unions in smaller towns of Wyoming
Other cities and towns in Wyoming where credit unions are headquartered, and how many there are in each.
- Cody 1
- Gillette 1
- Green River 1
- Guernsey 1
- Lander 1
- Laramie 3
- Powell 1
- Sheridan 2
Credit unions are listed in the city of their headquarters; many have branches in other cities and accept members from across the state or the country, so members per 100 people is an approximation.