- Payday loans in Strafford 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 Springfield, about 11 miles away.
Strafford at a glance
| Strafford | |
|---|---|
| Population (2024 Census estimate) | 2,801 |
| Change since 2020 | +9.1% (growing fast) |
| Counties | Greene County and Webster County |
| Size rank among 608 Missouri places we cover | 193rd |
| Nearest larger city | Springfield (about 11 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in these counties | 8 |
| Other towns within 25 miles | 19 (about 278,690 residents) |
| Typical payday APR statewide (CRL 2023) | 652% |
Whether you borrow at a storefront in Springfield or online from Strafford, the lender must hold a Missouri license from the Missouri Division of Finance and follow state limits.
Credit unions near Strafford
No credit union has its main office in Strafford, but these are based elsewhere in Greene County (NCUA, June 2026):
- Foundation Credit Union in Springfield (state charter)
- Blucurrent Credit Union in Springfield (state charter)
- Metro Credit Union in Springfield (state charter)
- Educational Community Credit Union in Springfield (state charter)
- Assemblies of God Credit Union in Springfield (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 Strafford
Key Missouri limits that apply to Strafford borrowers: 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 Strafford
The Center for Responsible Lending put the typical APR on a $400 payday loan in Missouri at 652% (June 2023). For $300 at the state maximum, expect Up to 75% of the loan over its whole life, including renewals. Check any offer with our payday loan calculator.
Other help in Greene County before you borrow
- Credit union payday alternative loans (PALs): $200–$2,000 at no more than 28% APR. Search for a federal credit union in Strafford that offers them. See how PALs work.
- Your bank’s small-dollar loan, if it offers one. See bank small-dollar loans.
- Cash advance apps for $20–$500 based on your direct deposits. See apps compared.
- 211: call or text 211 for local help with rent, utilities and food.
Towns near Strafford
- Fair Grove · 8 mi
- Springfield · 11 mi
- Rogersville · 11 mi
- Marshfield · 12 mi
- Fordland · 13 mi
- Fremont Hills · 16 mi
The nearest larger city is Springfield, about 11 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 Strafford?
Yes. Payday loans are legal in Strafford under Missouri state law, and lenders must be licensed by the Missouri Division of Finance.
How much does a payday loan cost in Strafford?
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 Strafford?
No credit union is headquartered in Strafford, but Foundation Credit Union is based in Springfield, also in Greene 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