- Payday loans in Hickory follow Mississippi law (Mississippi Check Cashers Act).
- Borrowing $300 at the state maximum costs $65.85 ($21.95 per $100).
- The nearest larger city is Meridian, about 20 miles away.
Hickory at a glance
| Hickory | |
|---|---|
| Population (2024 Census estimate) | 405 |
| Change since 2020 | -0.7% (holding steady) |
| County | Newton County |
| Size rank among 256 Mississippi places we cover | 219th |
| Nearest larger city | Meridian (about 20 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Newton County | 1 |
| Other towns within 25 miles | 10 (about 44,521 residents) |
| Typical payday APR statewide (CRL 2023) | 572% |
Payday lending in Hickory follows Mississippi state law. Lenders that serve Hickory, in a store or online, must be licensed by the Mississippi Department of Banking and Consumer Finance.
Credit unions near Hickory
No credit union has its main office in Hickory, but these are based elsewhere in Newton County (NCUA, June 2026):
- Community Partners Federal Credit Union in Newton (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 Hickory
The main Mississippi rules for a payday loan in Hickory: maximum check: $500, so the most you can receive is about $410; maximum fee: $20 per $100 on checks up to $250; $21.95 per $100 on checks of $251–$500; loan term: up to 30 days (28 to 30 days for checks over $250). See the full Mississippi payday loan rules.
What a $300 loan costs in Hickory
The Center for Responsible Lending put the typical APR on a $400 payday loan in Mississippi at 572% (June 2023). For $300 at the state maximum, expect $65.85 ($21.95 per $100). Check any offer with our payday loan calculator.
Other help in Newton County before you borrow
- Call or text 211 for help with rent, utilities and food in Newton 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 Hickory
The nearest larger city is Meridian, about 20 miles away. See all 256 Mississippi 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 Hickory?
Yes. Payday loans are legal in Hickory under Mississippi state law, and lenders must be licensed by the Mississippi Department of Banking and Consumer Finance.
How much does a payday loan cost in Hickory?
At Mississippi’s maximum fee, borrowing $300 costs $65.85 ($21.95 per $100). The typical statewide APR was 572% in 2023.
Where is the nearest credit union to Hickory?
No credit union is headquartered in Hickory, but Community Partners Federal Credit Union is based in Newton, also in Newton 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)
- Mississippi DBCF — Payday loans consumer pamphlet
- Mississippi Check Cashers Act
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary