- Payday loans in Spring Valley 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 Jeffersontown, about 7 miles away.
Spring Valley at a glance
| Spring Valley | |
|---|---|
| Population (2024 Census estimate) | 687 |
| Change since 2020 | +1.5% (growing) |
| County | Jefferson County |
| Size rank among 359 Kentucky places we cover | 260th |
| Nearest larger city | Jeffersontown (about 7 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Jefferson County | 14 |
| Other towns within 25 miles | 86 (about 885,304 residents) |
| Typical payday APR statewide (CRL 2023) | 450% |
Whether you borrow at a storefront in Jeffersontown or online from Spring Valley, the lender must hold a Kentucky license from the Kentucky Department of Financial Institutions and follow state limits.
Credit unions near Spring Valley
No credit union has its main office in Spring Valley, 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.
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Payday loan rules that apply in Spring Valley
Key Kentucky limits that apply to Spring Valley 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 Spring Valley
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
- Credit union payday alternative loans (PALs): $200–$2,000 at no more than 28% APR. Search for a federal credit union in Spring Valley 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 Spring Valley
- Barbourmeade · 1 mi
- Old Brownsboro Place · 1 mi
- Bancroft · 1 mi
- Brownsboro Farm · 1 mi
- Goose Creek · 1 mi
- Murray Hill · 1 mi
The nearest larger city is Jeffersontown, about 7 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 Valley?
Yes. Payday loans are legal in Spring Valley 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 Valley?
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 Valley?
No credit union is headquartered in Spring Valley, 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