- Payday loans in Spring Mill 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 Louisville, about 2 miles away.
Spring Mill at a glance
| Spring Mill | |
|---|---|
| Population (2024 Census estimate) | 298 |
| Change since 2020 | +2.1% (growing) |
| County | Jefferson County |
| Size rank among 359 Kentucky places we cover | 349th |
| Nearest larger city | Louisville (about 2 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Jefferson County | 14 |
| Other towns within 25 miles | 90 (about 901,747 residents) |
| Typical payday APR statewide (CRL 2023) | 450% |
Payday lending in Spring Mill follows Kentucky state law. Lenders that serve Spring Mill, in a store or online, must be licensed by the Kentucky Department of Financial Institutions.
Credit unions near Spring Mill
No credit union has its main office in Spring Mill, but these are based elsewhere in Jefferson County (NCUA, June 2026):
- Class Act Federal Credit Union in Louisville (federal charter — may offer payday alternative loans (PALs))
- L & N Federal Credit Union in Louisville (federal charter — may offer payday alternative loans (PALs))
- K I T Federal Credit Union in Louisville (federal charter — may offer payday alternative loans (PALs))
- Advanz Federal Credit Union in Louisville (federal charter — may offer payday alternative loans (PALs))
- Msd Federal Credit Union in Louisville (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 Spring Mill
The main Kentucky rules for a payday loan in Spring Mill: 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 Spring Mill
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 Jefferson County before you borrow
- Call or text 211 for help with rent, utilities and food in Jefferson 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 Spring Mill
- Hollow Creek · 1 mi
- Louisville · 2 mi
- Heritage Creek · 4 mi
- West Buechel · 4 mi
- Poplar Hills · 4 mi
- Watterson Park · 5 mi
The nearest larger city is Louisville, about 2 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 Spring Mill?
Yes. Payday loans are legal in Spring Mill under Kentucky state law, and lenders must be licensed by the Kentucky Department of Financial Institutions.
How much does a payday loan cost in Spring Mill?
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 Spring Mill?
No credit union is headquartered in Spring Mill, but Class Act Federal Credit Union is based in Louisville, also in Jefferson 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