- Payday loans in Shreveport 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.
- 8+ credit unions are headquartered in Shreveport; ask about small-dollar loans before borrowing.
Shreveport at a glance
| Shreveport | |
|---|---|
| Population (2024 Census estimate) | 176,578 |
| Change since 2020 | -5.5% (shrinking) |
| Counties | Bossier Parish and Caddo Parish |
| Size rank among 256 Louisiana places we cover | 3rd |
| Share of Louisiana’s population | 3.8% |
| Nearest larger city | Baton Rouge (about 210 miles) |
| Credit unions headquartered in town (NCUA) | 8+, 8 federal |
| Credit unions headquartered in these counties | 12 |
| Other towns within 25 miles | 9 (about 81,096 residents) |
| Typical payday APR statewide (CRL 2023) | 410% |
Whether you borrow at a storefront in Baton Rouge or online from Shreveport, the lender must hold a Louisiana license from the Louisiana Office of Financial Institutions and follow state limits.
Credit unions in Shreveport
These credit unions have their main office in Shreveport, according to NCUA call report data (June 2026):
- Aneca Federal Credit Union (federal charter — may offer payday alternative loans (PALs))
- Shreveport Police Federal Credit Union (federal charter — may offer payday alternative loans (PALs))
- Louisiana Catholic Federal Credit Union (federal charter — may offer payday alternative loans (PALs))
- State Agencies Federal Credit Union (federal charter — may offer payday alternative loans (PALs))
- Willis Knighton Federal Credit Union (federal charter — may offer payday alternative loans (PALs))
- Avenue Baptist Brotherhood Federal Credit Union (federal charter — may offer payday alternative loans (PALs))
- Caddo Parish Teachers Federal Credit Union (federal charter — may offer payday alternative loans (PALs))
- Wesla Federal Credit Union (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 Shreveport
| Rule | Louisiana |
|---|---|
| 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 |
| Credit reporting | Act 510 bars licensees from reporting negative information to credit bureaus |
What a $300 loan costs in Shreveport
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 Bossier Parish 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 Shreveport 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 Shreveport
The nearest larger city is Baton Rouge, about 210 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 Shreveport?
Yes. Payday loans are legal in Shreveport under Louisiana state law, and lenders must be licensed by the Louisiana Office of Financial Institutions.
How much does a payday loan cost in Shreveport?
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.
Are there credit unions in Shreveport?
Yes. NCUA data lists 8 or more credit unions with a main office in Shreveport, including Aneca Federal Credit Union and Shreveport Police Federal Credit Union. Federal credit unions can offer payday alternative loans capped at 28% APR.
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