- Payday loans in Mineola follow Texas law (Texas Finance Code chapter 393 (Credit Access Businesses)).
- Texas law sets no cap on payday loan fees, so prices vary widely by lender.
- The nearest larger city is Tyler, about 25 miles away.
Mineola at a glance
| Mineola | |
|---|---|
| Population (2024 Census estimate) | 5,380 |
| Change since 2020 | +10.4% (growing fast) |
| County | Wood County |
| Size rank among 1,127 Texas places we cover | 367th |
| Nearest larger city | Tyler (about 25 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Wood County | 2 |
| Other towns within 25 miles | 17 (about 39,628 residents) |
| Typical payday APR statewide (CRL 2023) | 662% |
There is no separate Mineola payday law: Texas rules apply here, and any lender serving Mineola residents, online or in person, needs a license from the Texas Office of Consumer Credit Commissioner (OCCC).
Credit unions near Mineola
No credit union has its main office in Mineola, but these are based elsewhere in Wood County (NCUA, June 2026):
- Yantis Federal Credit Union in Yantis (federal charter — may offer payday alternative loans (PALs))
- Alba-Golden Federal Credit Union in Alba (federal charter — may offer payday alternative loans (PALs))
Only federal credit unions can offer payday alternative loans (PALs), capped at 28% APR; state-chartered credit unions often have their own small-loan products. Membership rules apply, and only main offices are listed here; find branches near you with the NCUA Credit Union Locator. See how PALs work.
Payday loan rules that apply in Mineola
In short, Texas rules that cover Mineola include: how it works: most payday and title loans are arranged by licensed Credit Access Businesses (CABs) with a third-party lender; fees: cAB fees are not capped by state law, which is why Texas has some of the highest APRs in the country; licensing: each CAB location must be licensed by the OCCC. See the full Texas payday loan rules.
Many Texas cities have their own rules for credit access businesses, such as limits on loan size and renewals. Ask the lender whether Mineola has one, or contact the city.
What a $300 loan costs in Mineola
Texas law sets no cap on payday loan fees, so prices vary widely by lender. Statewide, the typical APR on a $400 payday loan was 662% (Center for Responsible Lending, June 2023). Check any offer with our payday loan calculator.
Other help in Wood County before you borrow
Before a payday loan, Mineola residents can usually find something cheaper:
- Local assistance through 211 covering Wood County.
- A credit union payday alternative loan (max 28% APR). See PALs explained.
- Your bank’s small-dollar loan, if offered (compare banks).
- A cash advance app for $20–$500 (apps compared).
Towns near Mineola
The nearest larger city is Tyler, about 25 miles away. See all 1,127 Texas cities.
Need cash before payday?Send one free request to our lender network. We are not a lender; offers and rates come from lenders.
Request a loanFrequently asked questions
Are payday loans legal in Mineola?
Yes. Payday loans are legal in Mineola under Texas state law, and lenders must be licensed by the Texas Office of Consumer Credit Commissioner (OCCC).
How much does a payday loan cost in Mineola?
Texas law sets no cap on payday loan fees, so prices vary widely by lender. The typical statewide APR was 662% in 2023.
Where is the nearest credit union to Mineola?
No credit union is headquartered in Mineola, but Yantis Federal Credit Union is based in Yantis, also in Wood County.
Sources
- U.S. Census Bureau — City and town population totals, Vintage 2024
- U.S. Census Bureau — 2024 Gazetteer files (place locations)
- NCUA — Credit union call report data, June 2026 (FOICU)
- Texas OCCC — Credit access businesses
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary