- Payday loans in Anchorage follow Alaska law (Alaska Statutes chapter 06.50 (Deferred Deposit Advances)).
- We could not verify a fee cap for Alaska; check current limits with the Alaska Division of Banking and Securities.
- 3 credit unions are headquartered in Anchorage; ask about small-dollar loans before borrowing.
Anchorage at a glance
| Anchorage | |
|---|---|
| Population (2024 Census estimate) | 289,600 |
| Change since 2020 | -0.4% (holding steady) |
| County | Anchorage Municipality |
| Size rank among 93 Alaska places we cover | 1st |
| Share of Alaska’s population | 39.1% |
| Credit unions headquartered in town (NCUA) | 3, 2 federal |
| Credit unions headquartered in Anchorage Municipality | 4 |
| Typical payday APR statewide (CRL 2023) | 424% |
Payday lending in Anchorage follows Alaska state law. Lenders that serve Anchorage, in a store or online, must be licensed by the Alaska Division of Banking and Securities.
Credit unions in Anchorage
These credit unions have their main office in Anchorage, according to NCUA call report data (June 2026):
- Global Federal Credit Union (federal charter — may offer payday alternative loans (PALs))
- Northern Skies Federal Credit Union (federal charter — may offer payday alternative loans (PALs))
- Credit Union 1 (state charter)
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 Anchorage
| Rule | Alaska |
|---|---|
| Licensing | Lenders must be licensed by the Division of Banking and Securities |
| Limits | Set by AS 06.50; check the Division’s deferred deposit page for current amounts and fees |
What a $300 loan costs in Anchorage
The Center for Responsible Lending put the typical APR on a $400 payday loan in Alaska at 424% (June 2023). We could not verify a fee cap for Alaska; check current limits with the Alaska Division of Banking and Securities. Check any offer with our payday loan calculator.
Other help in Anchorage Municipality before you borrow
- Call or text 211 for help with rent, utilities and food in Anchorage Municipality.
- 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 Anchorage
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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 Anchorage?
Yes. Payday loans are legal in Anchorage under Alaska state law, and lenders must be licensed by the Alaska Division of Banking and Securities.
How much does a payday loan cost in Anchorage?
We could not verify a fee cap for Alaska; check current limits with the Alaska Division of Banking and Securities. The typical statewide APR was 424% in 2023.
Are there credit unions in Anchorage?
Yes. NCUA data lists 3 credit unions with a main office in Anchorage, including Global Federal Credit Union and Northern Skies Federal Credit Union. Federal credit unions can offer payday alternative loans capped at 28% APR.
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)
- Alaska Division of Banking and Securities — Deferred deposit advance
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary