- Payday loans in Jackson follow Mississippi law (Mississippi Check Cashers Act).
- Borrowing $300 at the state maximum costs $65.85 ($21.95 per $100).
- 8+ credit unions are headquartered in Jackson; ask about small-dollar loans before borrowing.
Jackson at a glance
| Jackson | |
|---|---|
| Population (2024 Census estimate) | 141,449 |
| Change since 2020 | -7.6% (shrinking) |
| Counties | Hinds County, Madison County and Rankin County |
| Size rank among 256 Mississippi places we cover | 1st |
| Share of Mississippi’s population | 4.8% |
| Credit unions headquartered in town (NCUA) | 8+, 8 federal |
| Credit unions headquartered in these counties | 16 |
| Other towns within 25 miles | 19 (about 196,028 residents) |
| Typical payday APR statewide (CRL 2023) | 572% |
Payday lending in Jackson follows Mississippi state law. Lenders that serve Jackson, in a store or online, must be licensed by the Mississippi Department of Banking and Consumer Finance.
Credit unions in Jackson
These credit unions have their main office in Jackson, according to NCUA call report data (June 2026):
- Eagle Express Federal Credit Union (federal charter — may offer payday alternative loans (PALs))
- Magnolia Federal Credit Union (federal charter — may offer payday alternative loans (PALs))
- Treasury Employees Federal Credit Union (federal charter — may offer payday alternative loans (PALs))
- Healthplus Federal Credit Union (federal charter — may offer payday alternative loans (PALs))
- Mississippi Dhs Federal Credit Union (federal charter — may offer payday alternative loans (PALs))
- Jackson Area Federal Credit Union (federal charter — may offer payday alternative loans (PALs))
- Mississippi National Guard Federal Credit Union (federal charter — may offer payday alternative loans (PALs))
- Mississippi Highway Safty Pat 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.
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Payday loan rules that apply in Jackson
| Rule | Mississippi |
|---|---|
| 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) |
What a $300 loan costs in Jackson
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 Hinds County before you borrow
- Call or text 211 for help with rent, utilities and food in Hinds 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 Jackson
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 Jackson?
Yes. Payday loans are legal in Jackson 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 Jackson?
At Mississippi’s maximum fee, borrowing $300 costs $65.85 ($21.95 per $100). The typical statewide APR was 572% in 2023.
Are there credit unions in Jackson?
Yes. NCUA data lists 8 or more credit unions with a main office in Jackson, including Eagle Express Federal Credit Union and Magnolia 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)
- 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