- Payday loans in Cold Spring follow Kentucky law (KRS 286.9 (deferred deposit transactions)).
- Borrowing $300 at the state maximum costs $45 ($15 per $100).
- The nearest larger city is Covington, about 5 miles away.
Cold Spring at a glance
| Cold Spring | |
|---|---|
| Population (2024 Census estimate) | 6,499 |
| Change since 2020 | +4.4% (growing) |
| County | Campbell County |
| Size rank among 359 Kentucky places we cover | 67th |
| Nearest larger city | Covington (about 5 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Campbell County | 1 |
| Other towns within 25 miles | 34 (about 284,805 residents) |
| Typical payday APR statewide (CRL 2023) | 450% |
Whether you borrow at a storefront in Covington or online from Cold Spring, the lender must hold a Kentucky license from the Kentucky Department of Financial Institutions and follow state limits.
Credit unions near Cold Spring
No credit union has its main office in Cold Spring, but these are based elsewhere in Campbell County (NCUA, June 2026):
- Northern Kentucky Federal Credit Union in Highland Height (federal charter — may offer payday alternative loans (PALs))
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.
Payday loan rules that apply in Cold Spring
Key Kentucky limits that apply to Cold Spring borrowers: maximum: $600 in total proceeds under 2026 legislation (SB 219), indexed to inflation up to $850; previously $500; maximum fee: $15 per $100; loan term: 14 to 60 days. See the full Kentucky payday loan rules.
What a $300 loan costs in Cold Spring
At Kentucky’s maximum fee, borrowing $300 costs $45 ($15 per $100). Statewide, the typical APR on a $400 payday loan was 450% (Center for Responsible Lending, June 2023). Check any offer with our payday loan calculator.
Other help in Campbell County before you borrow
- Credit union payday alternative loans (PALs): $200–$2,000 at no more than 28% APR. Search for a federal credit union in Cold Spring that offers them. See how PALs work.
- Your bank’s small-dollar loan, if it offers one. See bank small-dollar loans.
- Cash advance apps for $20–$500 based on your direct deposits. See apps compared.
- 211: call or text 211 for local help with rent, utilities and food.
Towns near Cold Spring
- Crestview · 1 mi
- Highland Heights · 2 mi
- Ryland Heights · 2 mi
- Silver Grove · 2 mi
- Wilder · 3 mi
- Taylor Mill · 4 mi
The nearest larger city is Covington, about 5 miles away. See all 359 Kentucky 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 Cold Spring?
Yes. Payday loans are legal in Cold Spring under Kentucky state law, and lenders must be licensed by the Kentucky Department of Financial Institutions.
How much does a payday loan cost in Cold Spring?
At Kentucky’s maximum fee, borrowing $300 costs $45 ($15 per $100). The typical statewide APR was 450% in 2023.
Where is the nearest credit union to Cold Spring?
No credit union is headquartered in Cold Spring, but Northern Kentucky Federal Credit Union is based in Highland Height, also in Campbell 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)
- KRS 286.9-100
- Kentucky Acts 2026, ch. 98 (SB 219)
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary