- Payday loans in Cotton Valley follow Louisiana law (Louisiana Deferred Presentment and Small Loan Act, as amended by Act 510 (2025)).
- Borrowing $300 at the state maximum costs $50.25 (16.75%) plus a $10 documentation fee.
- The nearest larger city is Bossier, about 24 miles away.
Cotton Valley at a glance
| Cotton Valley | |
|---|---|
| Population (2024 Census estimate) | 747 |
| Change since 2020 | -5.2% (shrinking) |
| County | Webster Parish |
| Size rank among 256 Louisiana places we cover | 181st |
| Nearest larger city | Bossier (about 24 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Webster Parish | 2 |
| Other towns within 25 miles | 13 (about 94,280 residents) |
| Typical payday APR statewide (CRL 2023) | 410% |
Payday lending in Cotton Valley follows Louisiana state law. Lenders that serve Cotton Valley, in a store or online, must be licensed by the Louisiana Office of Financial Institutions.
Credit unions near Cotton Valley
No credit union has its main office in Cotton Valley, but these are based elsewhere in Webster Parish (NCUA, June 2026):
- Carter Federal Credit Union in Springhill (federal charter — may offer payday alternative loans (PALs))
- U B C Southern Council Industria Wo Federal Credit Union in Minden (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 Cotton Valley
The main Louisiana rules for a payday loan in Cotton Valley: maximum loan: $700 since August 1, 2025 (was $350); OFI publishes an annual adjustment; maximum fee: 16.75% of the amount advanced, plus a $10 documentation fee (the old $45 cap was removed); loan term: up to 30 days. See the full Louisiana payday loan rules.
What a $300 loan costs in Cotton Valley
The Center for Responsible Lending put the typical APR on a $400 payday loan in Louisiana at 410% (June 2023). For $300 at the state maximum, expect $50.25 (16.75%) plus a $10 documentation fee. Check any offer with our payday loan calculator.
Other help in Webster Parish before you borrow
- Call or text 211 for help with rent, utilities and food in Webster Parish.
- 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 Cotton Valley
The nearest larger city is Bossier, about 24 miles away. See all 256 Louisiana 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 Cotton Valley?
Yes. Payday loans are legal in Cotton Valley under Louisiana state law, and lenders must be licensed by the Louisiana Office of Financial Institutions.
How much does a payday loan cost in Cotton Valley?
At Louisiana’s maximum fee, borrowing $300 costs $50.25 (16.75%) plus a $10 documentation fee. The typical statewide APR was 410% in 2023.
Where is the nearest credit union to Cotton Valley?
No credit union is headquartered in Cotton Valley, but Carter Federal Credit Union is based in Springhill, also in Webster Parish.
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)
- Louisiana OFI — 2025 deferred presentment and small loan legislation
- Louisiana OFI — Payday loans pamphlet
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary