- Payday loans in Ocoee 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 Apopka, about 8 miles away.
Ocoee at a glance
| Ocoee | |
|---|---|
| Population (2024 Census estimate) | 51,269 |
| Change since 2020 | +7.9% (growing fast) |
| County | Orange County |
| Size rank among 393 Florida places we cover | 60th |
| Nearest larger city | Apopka (about 8 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Orange County | 6 |
| Other towns within 25 miles | 30 (about 1,100,049 residents) |
| Typical payday APR statewide (CRL 2023) | 293% |
There is no separate Ocoee payday law: Florida rules apply here, and any lender serving Ocoee residents, online or in person, needs a license from the Florida Office of Financial Regulation.
Credit unions near Ocoee
No credit union has its main office in Ocoee, but these are based elsewhere in Orange County (NCUA, June 2026):
- Mccoy Federal Credit Union in Orlando (federal charter — may offer payday alternative loans (PALs))
- Local 606 Electrical Workers Federal Credit Union in Orlando (federal charter — may offer payday alternative loans (PALs))
- Unity of Eatonville Federal Credit Union in Eatonville (federal charter — may offer payday alternative loans (PALs))
- Priority Credit Union in Orlando (state charter)
- Fairwinds Credit Union in Orlando (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 Ocoee
In short, Florida rules that cover Ocoee include: 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). See the full Florida payday loan rules.
What a $300 loan costs in Ocoee
The Center for Responsible Lending put the typical APR on a $400 payday loan in Florida at 293% (June 2023). For $300 at the state maximum, expect $30 (10% fee) plus a small verification fee. Check any offer with our payday loan calculator.
Other help in Orange County before you borrow
Before a payday loan, Ocoee residents can usually find something cheaper:
- Local assistance through 211 covering Orange 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 Ocoee
The nearest larger city is Apopka, about 8 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 Ocoee?
Yes. Payday loans are legal in Ocoee under Florida state law, and lenders must be licensed by the Florida Office of Financial Regulation.
How much does a payday loan cost in Ocoee?
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 Ocoee?
No credit union is headquartered in Ocoee, but Mccoy Federal Credit Union is based in Orlando, also in Orange 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