- Payday loans in Kodiak 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.
- The nearest larger city is Anchorage, about 258 miles away.
Kodiak at a glance
| Kodiak | |
|---|---|
| Population (2024 Census estimate) | 5,399 |
| Change since 2020 | -2.8% (shrinking) |
| County | Kodiak Island Borough |
| Size rank among 93 Alaska places we cover | 11th |
| Share of Alaska’s population | 0.7% |
| Nearest larger city | Anchorage (about 258 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Typical payday APR statewide (CRL 2023) | 424% |
Payday lending in Kodiak follows Alaska state law. Lenders that serve Kodiak, in a store or online, must be licensed by the Alaska Division of Banking and Securities.
Credit unions near Kodiak
NCUA data (June 2026) shows no credit union headquartered in Kodiak or Kodiak Island Borough. Many credit unions have branches in other towns or accept members online. Use the NCUA’s Credit Union Locator to find one near you.
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 Kodiak
The main Alaska rules for a payday loan in Kodiak: 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. See the full Alaska payday loan rules.
What a $300 loan costs in Kodiak
We could not verify a fee cap for Alaska; check current limits with the Alaska Division of Banking and Securities. Statewide, the typical APR on a $400 payday loan was 424% (Center for Responsible Lending, June 2023). Check any offer with our payday loan calculator.
Other help in Kodiak Island Borough before you borrow
- Call or text 211 for help with rent, utilities and food in Kodiak Island Borough.
- 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 Kodiak
The nearest larger city is Anchorage, about 258 miles away. See all 93 Alaska 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 Kodiak?
Yes. Payday loans are legal in Kodiak 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 Kodiak?
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.
Where is the nearest credit union to Kodiak?
NCUA data shows no credit union headquartered in Kodiak or its county. Use the NCUA credit union locator to find branches and online credit unions.
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