- Payday loans in Trafford 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 Trussville, about 15 miles away.
Trafford at a glance
| Trafford | |
|---|---|
| Population (2024 Census estimate) | 599 |
| Change since 2020 | -3.9% (shrinking) |
| Counties | Blount County and Jefferson County |
| Size rank among 389 Alabama places we cover | 313th |
| Nearest larger city | Trussville (about 15 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in these counties | 21 |
| Other towns within 25 miles | 44 (about 456,791 residents) |
| Typical payday APR statewide (CRL 2023) | 456% |
Whether you borrow at a storefront in Trussville or online from Trafford, the lender must hold a Alabama license from the Alabama State Banking Department and follow state limits.
Credit unions near Trafford
No credit union has its main office in Trafford, but these are based elsewhere in Blount County (NCUA, June 2026):
- U S Pipe Bessemer Employees Federal Credit Union in Bessemer (federal charter — may offer payday alternative loans (PALs))
- S R I Employees Federal Credit Union in Birmingham (federal charter — may offer payday alternative loans (PALs))
- Ang Federal Credit Union in Birmingham (federal charter — may offer payday alternative loans (PALs))
- Marvel City Federal Credit Union in Bessemer (federal charter — may offer payday alternative loans (PALs))
- Sixth Avenue Baptist Federal Credit Union in Birmingham (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 Trafford
Key Alabama limits that apply to Trafford 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 Trafford
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 Blount 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 Trafford 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 Trafford
The nearest larger city is Trussville, about 15 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 Trafford?
Yes. Payday loans are legal in Trafford under Alabama state law, and lenders must be licensed by the Alabama State Banking Department.
How much does a payday loan cost in Trafford?
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 Trafford?
No credit union is headquartered in Trafford, but U S Pipe Bessemer Employees Federal Credit Union is based in Bessemer, also in Blount 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