- Payday loans in Sandy Hook 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 69 miles away.
Sandy Hook at a glance
| Sandy Hook | |
|---|---|
| Population (2024 Census estimate) | 628 |
| Change since 2020 | -1.7% (shrinking) |
| County | Elliott County |
| Size rank among 359 Kentucky places we cover | 271st |
| Nearest larger city | Richmond (about 69 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Other towns within 25 miles | 6 (about 17,054 residents) |
| Typical payday APR statewide (CRL 2023) | 450% |
There is no separate Sandy Hook payday law: Kentucky rules apply here, and any lender serving Sandy Hook residents, online or in person, needs a license from the Kentucky Department of Financial Institutions.
Credit unions near Sandy Hook
NCUA data (June 2026) shows no credit union headquartered in Sandy Hook or Elliott 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.
Payday loan rules that apply in Sandy Hook
In short, Kentucky rules that cover Sandy Hook 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 Sandy Hook
The Center for Responsible Lending put the typical APR on a $400 payday loan in Kentucky at 450% (June 2023). For $300 at the state maximum, expect $45 ($15 per $100). Check any offer with our payday loan calculator.
Other help in Elliott County before you borrow
Before a payday loan, Sandy Hook residents can usually find something cheaper:
- Local assistance through 211 covering Elliott 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 Sandy Hook
- West Liberty · 14 mi
- Olive Hill · 15 mi
- Morehead · 19 mi
- Grayson · 19 mi
- Lakeview Heights · 21 mi
- Salyersville · 24 mi
The nearest larger city is Richmond, about 69 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 Sandy Hook?
Yes. Payday loans are legal in Sandy Hook under Kentucky state law, and lenders must be licensed by the Kentucky Department of Financial Institutions.
How much does a payday loan cost in Sandy Hook?
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 Sandy Hook?
NCUA data shows no credit union headquartered in Sandy Hook 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)
- 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