- Payday loans in St. Michael 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 441 miles away.
St. Michael at a glance
| St. Michael | |
|---|---|
| Population (2024 Census estimate) | 442 |
| Change since 2020 | -2.2% (shrinking) |
| County | Nome Census Area |
| Size rank among 93 Alaska places we cover | 68th |
| Nearest larger city | Anchorage (about 441 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Other towns within 25 miles | 1 (about 613 residents) |
| Typical payday APR statewide (CRL 2023) | 424% |
Payday lending in St. Michael follows Alaska state law. Lenders that serve St. Michael, in a store or online, must be licensed by the Alaska Division of Banking and Securities.
Credit unions near St. Michael
NCUA data (June 2026) shows no credit union headquartered in St. Michael or Nome Census Area. 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 St. Michael
The main Alaska rules for a payday loan in St. Michael: 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 St. Michael
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 Nome Census Area before you borrow
- Call or text 211 for help with rent, utilities and food in Nome Census Area.
- 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 St. Michael
The nearest larger city is Anchorage, about 441 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 St. Michael?
Yes. Payday loans are legal in St. Michael 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 St. Michael?
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 St. Michael?
NCUA data shows no credit union headquartered in St. Michael 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