- Payday loans in Pompano Beach 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.
- 1 credit union is headquartered in Pompano Beach; ask about small-dollar loans before borrowing.
Pompano Beach at a glance
| Pompano Beach | |
|---|---|
| Population (2024 Census estimate) | 118,104 |
| Change since 2020 | +5.5% (growing fast) |
| County | Broward County |
| Size rank among 393 Florida places we cover | 19th |
| Share of Florida’s population | 0.5% |
| Nearest larger city | Fort Lauderdale (about 7 miles) |
| Credit unions headquartered in town (NCUA) | 1 |
| Credit unions headquartered in Broward County | 10 |
| Other towns within 25 miles | 51 (about 2,498,897 residents) |
| Typical payday APR statewide (CRL 2023) | 293% |
There is no separate Pompano Beach payday law: Florida rules apply here, and any lender serving Pompano Beach residents, online or in person, needs a license from the Florida Office of Financial Regulation.
Credit unions in Pompano Beach
These credit unions have their main office in Pompano Beach, according to NCUA call report data (June 2026):
- Pompano Beach City Emp. Credit Union (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 Pompano Beach
| 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 Pompano Beach
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 Broward County before you borrow
Before a payday loan, Pompano Beach 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 Pompano Beach
- Sea Ranch Lakes · 4 mi
- Lighthouse Point · 4 mi
- Lauderdale-by-the-Sea · 4 mi
- Coconut Creek · 4 mi
- Hillsboro Beach · 4 mi
- Oakland Park · 4 mi
The nearest larger city is Fort Lauderdale, about 7 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 Pompano Beach?
Yes. Payday loans are legal in Pompano Beach under Florida state law, and lenders must be licensed by the Florida Office of Financial Regulation.
How much does a payday loan cost in Pompano Beach?
At Florida’s maximum fee, borrowing $300 costs $30 (10% fee) plus a small verification fee. The typical statewide APR was 293% in 2023.
Are there credit unions in Pompano Beach?
Yes. NCUA data lists 1 credit union with a main office in Pompano Beach, including Pompano Beach City Emp. Credit Union.
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