- Payday loans in Lakeview Heights 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 Richmond, about 52 miles away.
Lakeview Heights at a glance
| Lakeview Heights | |
|---|---|
| Population (2024 Census estimate) | 274 |
| Change since 2020 | -1.1% (shrinking) |
| County | Rowan County |
| Size rank among 359 Kentucky places we cover | 354th |
| Nearest larger city | Richmond (about 52 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Rowan County | 1 |
| Other towns within 25 miles | 11 (about 28,190 residents) |
| Typical payday APR statewide (CRL 2023) | 450% |
There is no separate Lakeview Heights payday law: Kentucky rules apply here, and any lender serving Lakeview Heights residents, online or in person, needs a license from the Kentucky Department of Financial Institutions.
Credit unions near Lakeview Heights
No credit union has its main office in Lakeview Heights, but these are based elsewhere in Rowan County (NCUA, June 2026):
- Morehead Community Federal Credit Union in Morehead (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.
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Payday loan rules that apply in Lakeview Heights
In short, Kentucky rules that cover Lakeview Heights include: 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 Lakeview Heights
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 Rowan County before you borrow
Before a payday loan, Lakeview Heights residents can usually find something cheaper:
- Local assistance through 211 covering Rowan 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 Lakeview Heights
- Morehead · 4 mi
- Owingsville · 14 mi
- Frenchburg · 15 mi
- West Liberty · 21 mi
- Olive Hill · 21 mi
- Sandy Hook · 21 mi
The nearest larger city is Richmond, about 52 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 Lakeview Heights?
Yes. Payday loans are legal in Lakeview Heights under Kentucky state law, and lenders must be licensed by the Kentucky Department of Financial Institutions.
How much does a payday loan cost in Lakeview Heights?
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 Lakeview Heights?
No credit union is headquartered in Lakeview Heights, but Morehead Community Federal Credit Union is based in Morehead, also in Rowan 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