- Payday loans in Phenix follow Alabama law (Alabama Deferred Presentment Services Act).
- Borrowing $300 at the state maximum costs $52.50 (17.5% fee).
- The nearest larger city is Auburn, about 29 miles away.
Phenix at a glance
| Phenix | |
|---|---|
| Population (2024 Census estimate) | 38,509 |
| Change since 2020 | -0.8% (holding steady) |
| Counties | Lee County and Russell County |
| Size rank among 389 Alabama places we cover | 13th |
| Share of Alabama’s population | 0.7% |
| Nearest larger city | Auburn (about 29 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in these counties | 5 |
| Other towns within 25 miles | 2 (about 40,588 residents) |
| Typical payday APR statewide (CRL 2023) | 456% |
Whether you borrow at a storefront in Auburn or online from Phenix, the lender must hold a Alabama license from the Alabama State Banking Department and follow state limits.
Credit unions near Phenix
No credit union has its main office in Phenix, but these are based elsewhere in Lee County (NCUA, June 2026):
- East Alabama Community Federal Credit Union in Opelika (federal charter — may offer payday alternative loans (PALs))
- Four Seasons Federal Credit Union in Opelika (federal charter — may offer payday alternative loans (PALs))
- Auburn University Credit Union in Auburn (state charter)
- the Bridgeway Federal Credit Union in Phenix City (federal charter — may offer payday alternative loans (PALs))
- Mead Coated Board Federal Credit Union in Eufaula (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.
Need $100–$1,000 before payday?
- One free request, many lenders
- Bad credit and benefit income considered by many lenders
- See the APR and total cost before you sign
PaydayEase is not a lender. Requests go to lenders in our network; approval, rates and terms are set by the lender. Rates & fees
Payday loan rules that apply in Phenix
Key Alabama limits that apply to Phenix borrowers: maximum loan: $500 outstanding in total (checked through a statewide database); maximum fee: 17.5% of the amount advanced; loan term: 10 to 31 days. See the full Alabama payday loan rules.
What a $300 loan costs in Phenix
At Alabama’s maximum fee, borrowing $300 costs $52.50 (17.5% fee). Statewide, the typical APR on a $400 payday loan was 456% (Center for Responsible Lending, June 2023). Check any offer with our payday loan calculator.
Other help in Lee County before you borrow
- Credit union payday alternative loans (PALs): $200–$2,000 at no more than 28% APR. Search for a federal credit union in Phenix that offers them. See how PALs work.
- Your bank’s small-dollar loan, if it offers one. See bank small-dollar loans.
- Cash advance apps for $20–$500 based on your direct deposits. See apps compared.
- 211: call or text 211 for local help with rent, utilities and food.
Towns near Phenix
The nearest larger city is Auburn, about 29 miles away. See all 389 Alabama 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 Phenix?
Yes. Payday loans are legal in Phenix under Alabama state law, and lenders must be licensed by the Alabama State Banking Department.
How much does a payday loan cost in Phenix?
At Alabama’s maximum fee, borrowing $300 costs $52.50 (17.5% fee). The typical statewide APR was 456% in 2023.
Where is the nearest credit union to Phenix?
No credit union is headquartered in Phenix, but East Alabama Community Federal Credit Union is based in Opelika, also in Lee 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)
- NCLC — Consumer Credit Regulation: Alabama
- Lexology — Alabama establishes payday loan database
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary