- Payday loans in Coral Springs follow Florida law (Florida Statutes s. 560.404 (deferred presentment)).
- Borrowing $300 at the state maximum costs $30 (10% fee) plus a small verification fee.
- The nearest larger city is Fort Lauderdale, about 11 miles away.
Coral Springs at a glance
| Coral Springs | |
|---|---|
| Population (2024 Census estimate) | 140,808 |
| Change since 2020 | +4.9% (growing) |
| County | Broward County |
| Size rank among 393 Florida places we cover | 16th |
| Share of Florida’s population | 0.6% |
| Nearest larger city | Fort Lauderdale (about 11 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Broward County | 10 |
| Other towns within 25 miles | 45 (about 2,374,412 residents) |
| Typical payday APR statewide (CRL 2023) | 293% |
There is no separate Coral Springs payday law: Florida rules apply here, and any lender serving Coral Springs residents, online or in person, needs a license from the Florida Office of Financial Regulation.
Credit unions near Coral Springs
No credit union has its main office in Coral Springs, but these are based elsewhere in Broward County (NCUA, June 2026):
- Broward Healthcare Federal Credit Union in Fort Lauderdale (federal charter — may offer payday alternative loans (PALs))
- We Florida Financial Credit Union in Fort Lauderdale (state charter)
- Pompano Beach City Emp. Credit Union in Pompano Beach (state charter)
- Sun Credit Union in Hollywood (state charter)
- Connect Credit Union in Fort Lauderdale (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 Coral Springs
| Rule | Florida |
|---|---|
| Maximum loan | $500 (single-payment); $1,000 for installment deferred presentment |
| Maximum fee | 10% of the amount provided, plus a verification fee |
| Loan term | 7 to 31 days (installment: 60 to 90 days) |
| Loans at once | One, checked through the state database |
| Cooling-off | 24 hours after a loan ends |
| Rollovers | Not allowed |
| If you cannot pay | A 60-day grace period at no extra charge if you complete credit counseling |
What a $300 loan costs in Coral Springs
At Florida’s maximum fee, borrowing $300 costs $30 (10% fee) plus a small verification fee. Statewide, the typical APR on a $400 payday loan was 293% (Center for Responsible Lending, June 2023). Check any offer with our payday loan calculator.
Other help in Broward County before you borrow
Before a payday loan, Coral Springs residents can usually find something cheaper:
- Local assistance through 211 covering Broward County.
- 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 Coral Springs
- Margate · 3 mi
- Parkland · 4 mi
- North Lauderdale · 5 mi
- Tamarac · 5 mi
- Coconut Creek · 5 mi
- Sunrise · 7 mi
The nearest larger city is Fort Lauderdale, about 11 miles away. See all 393 Florida 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 Coral Springs?
Yes. Payday loans are legal in Coral Springs under Florida state law, and lenders must be licensed by the Florida Office of Financial Regulation.
How much does a payday loan cost in Coral Springs?
At Florida’s maximum fee, borrowing $300 costs $30 (10% fee) plus a small verification fee. The typical statewide APR was 293% in 2023.
Where is the nearest credit union to Coral Springs?
No credit union is headquartered in Coral Springs, but Broward Healthcare Federal Credit Union is based in Fort Lauderdale, also in Broward 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)
- Florida Statutes s. 560.404
- Florida OFR — Payday lenders
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary