- Payday loans in Edmore follow Michigan law (Deferred Presentment Service Transactions Act (Act 244 of 2005)).
- Borrowing $300 at the state maximum costs $42.
- 1 credit union is headquartered in Edmore; ask about small-dollar loans before borrowing.
Edmore at a glance
| Edmore | |
|---|---|
| Population (2024 Census estimate) | 1,277 |
| Change since 2020 | +4.5% (growing) |
| County | Montcalm County |
| Size rank among 506 Michigan places we cover | 323rd |
| Nearest larger city | Midland (about 43 miles) |
| Credit unions headquartered in town (NCUA) | 1 |
| Credit unions headquartered in Montcalm County | 2 |
| Other towns within 25 miles | 19 (about 68,027 residents) |
| Typical payday APR statewide (CRL 2023) | 356% |
Payday lending in Edmore follows Michigan state law. Lenders that serve Edmore, in a store or online, must be licensed by the Michigan Department of Insurance and Financial Services (DIFS).
Credit unions in Edmore
These credit unions have their main office in Edmore, according to NCUA call report data (June 2026):
- Montcalm Public Employees Credit Union (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 Edmore
The main Michigan rules for a payday loan in Edmore: 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 Edmore
The Center for Responsible Lending put the typical APR on a $400 payday loan in Michigan at 356% (June 2023). For $300 at the state maximum, expect $42. Check any offer with our payday loan calculator.
Other help in Montcalm County before you borrow
- Call or text 211 for help with rent, utilities and food in Montcalm 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 Edmore
The nearest larger city is Midland, about 43 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 Edmore?
Yes. Payday loans are legal in Edmore 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 Edmore?
At Michigan’s maximum fee, borrowing $300 costs $42. The typical statewide APR was 356% in 2023.
Are there credit unions in Edmore?
Yes. NCUA data lists 1 credit union with a main office in Edmore, including Montcalm Public Employees Credit Union.
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