- Payday loans in Iron Mountain Lake follow Missouri law (RSMo 408.500, 408.505 and 408.506).
- Borrowing $300 at the state maximum costs Up to 75% of the loan over its whole life, including renewals.
- The nearest larger city is Wildwood, about 61 miles away.
Iron Mountain Lake at a glance
| Iron Mountain Lake | |
|---|---|
| Population (2024 Census estimate) | 640 |
| Change since 2020 | -0.2% (holding steady) |
| County | St. Francois County |
| Size rank among 608 Missouri places we cover | 423rd |
| Nearest larger city | Wildwood (about 61 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in St. Francois County | 2 |
| Other towns within 25 miles | 15 (about 53,113 residents) |
| Typical payday APR statewide (CRL 2023) | 652% |
Payday lending in Iron Mountain Lake follows Missouri state law. Lenders that serve Iron Mountain Lake, in a store or online, must be licensed by the Missouri Division of Finance.
Credit unions near Iron Mountain Lake
No credit union has its main office in Iron Mountain Lake, but these are based elsewhere in St. Francois County (NCUA, June 2026):
- Southeast Missouri Community Credit Union in Park Hills (state charter)
- Leadco Community Credit Union in Farmington (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 Iron Mountain Lake
The main Missouri rules for a payday loan in Iron Mountain Lake: maximum loan: $500; loan term: 14 to 31 days; cost cap: interest and fees capped at 75% of the initial loan, including all renewals. See the full Missouri payday loan rules.
What a $300 loan costs in Iron Mountain Lake
At Missouri’s maximum fee, borrowing $300 costs Up to 75% of the loan over its whole life, including renewals. Statewide, the typical APR on a $400 payday loan was 652% (Center for Responsible Lending, June 2023). Check any offer with our payday loan calculator.
Other help in St. Francois County before you borrow
- Call or text 211 for help with rent, utilities and food in St. Francois 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 Iron Mountain Lake
The nearest larger city is Wildwood, about 61 miles away. See all 608 Missouri 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 Iron Mountain Lake?
Yes. Payday loans are legal in Iron Mountain Lake under Missouri state law, and lenders must be licensed by the Missouri Division of Finance.
How much does a payday loan cost in Iron Mountain Lake?
At Missouri’s maximum fee, borrowing $300 costs Up to 75% of the loan over its whole life, including renewals. The typical statewide APR was 652% in 2023.
Where is the nearest credit union to Iron Mountain Lake?
No credit union is headquartered in Iron Mountain Lake, but Southeast Missouri Community Credit Union is based in Park Hills, also in St. Francois 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)
- Missouri Division of Finance — Payday lenders
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary