- Payday loans in Casnovia follow Michigan law (Deferred Presentment Service Transactions Act (Act 244 of 2005)).
- Borrowing $300 at the state maximum costs $42.
- The nearest larger city is Walker, about 16 miles away.
Casnovia at a glance
| Casnovia | |
|---|---|
| Population (2024 Census estimate) | 321 |
| Change since 2020 | 0% (holding steady) |
| Counties | Kent County and Muskegon County |
| Size rank among 506 Michigan places we cover | 481st |
| Nearest larger city | Walker (about 16 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in these counties | 23 |
| Other towns within 25 miles | 27 (about 465,982 residents) |
| Typical payday APR statewide (CRL 2023) | 356% |
There is no separate Casnovia payday law: Michigan rules apply here, and any lender serving Casnovia residents, online or in person, needs a license from the Michigan Department of Insurance and Financial Services (DIFS).
Credit unions near Casnovia
No credit union has its main office in Casnovia, but these are based elsewhere in Kent County (NCUA, June 2026):
- Kenowa Community Federal Credit Union in Wyoming (federal charter — may offer payday alternative loans (PALs))
- Adventure Credit Union in Grand Rapids (state charter)
- Community West Credit Union in Kentwood (state charter)
- Compass Credit Union in Sparta (state charter)
- River Valley Credit Union in Ada (state charter)
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 Casnovia
In short, Michigan rules that cover Casnovia include: maximum loan: $600; maximum fee: 15% of the first $100, 14% of the second, 13% of the third, 12% of the fourth, 11% of the fifth and sixth ($76 on $600); loan term: up to 31 days. See the full Michigan payday loan rules.
What a $300 loan costs in Casnovia
At Michigan’s maximum fee, borrowing $300 costs $42. Statewide, the typical APR on a $400 payday loan was 356% (Center for Responsible Lending, June 2023). Check any offer with our payday loan calculator.
Other help in Kent County before you borrow
Before a payday loan, Casnovia residents can usually find something cheaper:
- Local assistance through 211 covering Kent 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 Casnovia
The nearest larger city is Walker, about 16 miles away. See all 506 Michigan 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 Casnovia?
Yes. Payday loans are legal in Casnovia under Michigan state law, and lenders must be licensed by the Michigan Department of Insurance and Financial Services (DIFS).
How much does a payday loan cost in Casnovia?
At Michigan’s maximum fee, borrowing $300 costs $42. The typical statewide APR was 356% in 2023.
Where is the nearest credit union to Casnovia?
No credit union is headquartered in Casnovia, but Kenowa Community Federal Credit Union is based in Wyoming, also in Kent 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)
- Michigan DIFS — Deferred presentment FAQ
- Act 244 of 2005
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary