- Payday loans in Saxman 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 Juneau, about 232 miles away.
Saxman at a glance
| Saxman | |
|---|---|
| Population (2024 Census estimate) | 377 |
| Change since 2020 | -1.3% (shrinking) |
| County | Ketchikan Gateway Borough |
| Size rank among 93 Alaska places we cover | 79th |
| Nearest larger city | Juneau (about 232 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Ketchikan Gateway Borough | 1 |
| Other towns within 25 miles | 1 (about 8,033 residents) |
| Typical payday APR statewide (CRL 2023) | 424% |
There is no separate Saxman payday law: Alaska rules apply here, and any lender serving Saxman residents, online or in person, needs a license from the Alaska Division of Banking and Securities.
Credit unions near Saxman
No credit union has its main office in Saxman, but these are based elsewhere in Ketchikan Gateway Borough (NCUA, June 2026):
- Tongass Federal Credit Union in Ketchikan (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.
Payday loan rules that apply in Saxman
In short, Alaska rules that cover Saxman include: 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 Saxman
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 Ketchikan Gateway Borough before you borrow
Before a payday loan, Saxman residents can usually find something cheaper:
- Local assistance through 211 covering Ketchikan Gateway Borough.
- A credit union payday alternative loan (max 28% APR). See PALs explained.
- Your bank’s small-dollar loan, if offered (compare banks).
- A cash advance app for $20–$500 (apps compared).
Towns near Saxman
The nearest larger city is Juneau, about 232 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 Saxman?
Yes. Payday loans are legal in Saxman 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 Saxman?
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 Saxman?
No credit union is headquartered in Saxman, but Tongass Federal Credit Union is based in Ketchikan, also in Ketchikan Gateway Borough.
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