- Payday loans in Flat Rock 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 Southgate, about 8 miles away.
Flat Rock at a glance
| Flat Rock | |
|---|---|
| Population (2024 Census estimate) | 10,249 |
| Change since 2020 | -2.4% (shrinking) |
| Counties | Monroe County and Wayne County |
| Size rank among 506 Michigan places we cover | 89th |
| Nearest larger city | Southgate (about 8 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in these counties | 21 |
| Other towns within 25 miles | 35 (about 1,449,715 residents) |
| Typical payday APR statewide (CRL 2023) | 356% |
Payday lending in Flat Rock follows Michigan state law. Lenders that serve Flat Rock, in a store or online, must be licensed by the Michigan Department of Insurance and Financial Services (DIFS).
Credit unions near Flat Rock
No credit union has its main office in Flat Rock, but these are based elsewhere in Monroe County (NCUA, June 2026):
- Monroe Community Credit Union in Monroe (state charter)
- Downriver Community Federal Credit Union in Ecorse (federal charter — may offer payday alternative loans (PALs))
- International Uaw Federal Credit Union in Detroit (federal charter — may offer payday alternative loans (PALs))
- Michigan Columbus Federal Credit Union in Livonia (federal charter — may offer payday alternative loans (PALs))
- Wayne-Westland Federal Credit Union in Westland (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 Flat Rock
The main Michigan rules for a payday loan in Flat Rock: 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 Flat Rock
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 Monroe County before you borrow
- Call or text 211 for help with rent, utilities and food in Monroe 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 Flat Rock
The nearest larger city is Southgate, about 8 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 Flat Rock?
Yes. Payday loans are legal in Flat Rock 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 Flat Rock?
At Michigan’s maximum fee, borrowing $300 costs $42. The typical statewide APR was 356% in 2023.
Where is the nearest credit union to Flat Rock?
No credit union is headquartered in Flat Rock, but Monroe Community Credit Union is based in Monroe, also in Monroe 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