- Payday loans in Shellsburg follow Iowa law (Iowa delayed deposit services law (Iowa Code ch. 533D)).
- Borrowing $300 at the state maximum costs $35 on a $300 check.
- The nearest larger city is Cedar Rapids, about 13 miles away.
Shellsburg at a glance
| Shellsburg | |
|---|---|
| Population (2024 Census estimate) | 987 |
| Change since 2020 | +2.4% (growing) |
| County | Benton County |
| Size rank among 609 Iowa places we cover | 275th |
| Nearest larger city | Cedar Rapids (about 13 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Other towns within 25 miles | 33 (about 230,316 residents) |
| Typical payday APR statewide (CRL 2023) | 247% |
Payday lending in Shellsburg follows Iowa state law. Lenders that serve Shellsburg, in a store or online, must be licensed by the Iowa Division of Banking.
Credit unions near Shellsburg
NCUA data (June 2026) shows no credit union headquartered in Shellsburg or Benton County. 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 Shellsburg
The main Iowa rules for a payday loan in Shellsburg: maximum: checks totaling $500 or less, including fees; maximum fee: $15 on the first $100, $10 on each additional $100; loan term: up to 31 days. See the full Iowa payday loan rules.
What a $300 loan costs in Shellsburg
The Center for Responsible Lending put the typical APR on a $400 payday loan in Iowa at 247% (June 2023). For $300 at the state maximum, expect $35 on a $300 check. Check any offer with our payday loan calculator.
Other help in Benton County before you borrow
- Call or text 211 for help with rent, utilities and food in Benton County.
- 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 Shellsburg
The nearest larger city is Cedar Rapids, about 13 miles away. See all 609 Iowa 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 Shellsburg?
Yes. Payday loans are legal in Shellsburg under Iowa state law, and lenders must be licensed by the Iowa Division of Banking.
How much does a payday loan cost in Shellsburg?
At Iowa’s maximum fee, borrowing $300 costs $35 on a $300 check. The typical statewide APR was 247% in 2023.
Where is the nearest credit union to Shellsburg?
NCUA data shows no credit union headquartered in Shellsburg 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)
- Iowa Division of Banking — Delayed deposit services history
- Iowa Administrative Code ch. 17 — Delayed deposit services
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary