- Payday loans in Moody 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 Temple, about 14 miles away.
Moody at a glance
| Moody | |
|---|---|
| Population (2024 Census estimate) | 1,620 |
| Change since 2020 | +4.1% (growing) |
| County | McLennan County |
| Size rank among 1,127 Texas places we cover | 670th |
| Nearest larger city | Temple (about 14 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in McLennan County | 11 |
| Other towns within 25 miles | 21 (about 391,616 residents) |
| Typical payday APR statewide (CRL 2023) | 662% |
There is no separate Moody payday law: Texas rules apply here, and any lender serving Moody residents, online or in person, needs a license from the Texas Office of Consumer Credit Commissioner (OCCC).
Credit unions near Moody
No credit union has its main office in Moody, but these are based elsewhere in McLennan County (NCUA, June 2026):
- Members Choice of Central Texas Federal Credit Union in Waco (federal charter — may offer payday alternative loans (PALs))
- Waco Federal Credit Union in Waco (federal charter — may offer payday alternative loans (PALs))
- Genco Federal Credit Union in Waco (federal charter — may offer payday alternative loans (PALs))
- Rocket Federal Credit Union in Mcgregor (federal charter — may offer payday alternative loans (PALs))
- Mclennan County Employees Federal Credit Union in Waco (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.
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Payday loan rules that apply in Moody
In short, Texas rules that cover Moody 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 Moody has one, or contact the city.
What a $300 loan costs in Moody
The Center for Responsible Lending put the typical APR on a $400 payday loan in Texas at 662% (June 2023). Texas law sets no cap on payday loan fees, so prices vary widely by lender. Check any offer with our payday loan calculator.
Other help in McLennan County before you borrow
Before a payday loan, Moody residents can usually find something cheaper:
- Local assistance through 211 covering McLennan 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 Moody
- Bruceville-Eddy · 6 mi
- Troy · 9 mi
- McGregor · 9 mi
- Lorena · 10 mi
- Oglesby · 12 mi
- Morgan's Point Resort · 12 mi
The nearest larger city is Temple, about 14 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 Moody?
Yes. Payday loans are legal in Moody 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 Moody?
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 Moody?
No credit union is headquartered in Moody, but Members Choice of Central Texas Federal Credit Union is based in Waco, also in McLennan 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