- Payday loans in Universal 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 Converse, about 3 miles away.
Universal at a glance
| Universal | |
|---|---|
| Population (2024 Census estimate) | 20,267 |
| Change since 2020 | +2.6% (growing) |
| Counties | Bexar County and Guadalupe County |
| Size rank among 1,127 Texas places we cover | 152nd |
| Nearest larger city | Converse (about 3 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in these counties | 15 |
| Other towns within 25 miles | 32 (about 1,922,927 residents) |
| Typical payday APR statewide (CRL 2023) | 662% |
Payday lending in Universal follows Texas state law. Lenders that serve Universal, in a store or online, must be licensed by the Texas Office of Consumer Credit Commissioner (OCCC).
Credit unions near Universal
No credit union has its main office in Universal, but these are based elsewhere in Bexar County (NCUA, June 2026):
- River City Federal Credit Union in San Antonio (federal charter — may offer payday alternative loans (PALs))
- Select Federal Credit Union in San Antonio (federal charter — may offer payday alternative loans (PALs))
- City Public Service/Ibew Federal Credit Union in San Antonio (federal charter — may offer payday alternative loans (PALs))
- Generations Community Federal Credit Union in San Antonio (federal charter — may offer payday alternative loans (PALs))
- Randolph-Brooks Federal Credit Union in Universal City (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 Universal
The main Texas rules for a payday loan in Universal: 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 Universal has one, or contact the city.
What a $300 loan costs in Universal
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 Bexar County before you borrow
- Call or text 211 for help with rent, utilities and food in Bexar County.
- Ask a federal credit union about a PAL: $200–$2,000 at no more than 28% APR (how PALs work).
- Check your bank app for a small-dollar loan or early pay (bank options).
- Try a cash advance app if you have direct deposit (apps compared).
Towns near Universal
The nearest larger city is Converse, about 3 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 Universal?
Yes. Payday loans are legal in Universal 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 Universal?
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 Universal?
No credit union is headquartered in Universal, but River City Federal Credit Union is based in San Antonio, also in Bexar 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