- Payday loans in Wells follow Nevada law (NRS chapter 604A).
- We could not verify a fee cap for Nevada; check current limits with the Nevada Financial Institutions Division.
- The nearest larger city is Fernley, about 247 miles away.
Wells at a glance
| Wells | |
|---|---|
| Population (2024 Census estimate) | 1,242 |
| Change since 2020 | -0.1% (holding steady) |
| County | Elko County |
| Size rank among 19 Nevada places we cover | 18th |
| Nearest larger city | Fernley (about 247 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Elko County | 1 |
| Typical payday APR statewide (CRL 2023) | 548% |
There is no separate Wells payday law: Nevada rules apply here, and any lender serving Wells residents, online or in person, needs a license from the Nevada Financial Institutions Division.
Credit unions near Wells
No credit union has its main office in Wells, but these are based elsewhere in Elko County (NCUA, June 2026):
- Elko Federal Credit Union in Elko (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 Wells
In short, Nevada rules that cover Wells include: maximum loan: no more than 25% of your expected gross monthly income; loan term: up to 35 days for single-payment loans; database: statewide database of short-term loans. See the full Nevada payday loan rules.
What a $300 loan costs in Wells
We could not verify a fee cap for Nevada; check current limits with the Nevada Financial Institutions Division. Statewide, the typical APR on a $400 payday loan was 548% (Center for Responsible Lending, June 2023). Check any offer with our payday loan calculator.
Other help in Elko County before you borrow
Before a payday loan, Wells residents can usually find something cheaper:
- Local assistance through 211 covering Elko County.
- A credit union payday alternative loan (max 28% APR). See PALs explained.
- Your bank’s small-dollar loan, if offered (compare banks).
- A cash advance app for $20–$500 (apps compared).
Towns near Wells
The nearest larger city is Fernley, about 247 miles away. See all 19 Nevada 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 Wells?
Yes. Payday loans are legal in Wells under Nevada state law, and lenders must be licensed by the Nevada Financial Institutions Division.
How much does a payday loan cost in Wells?
We could not verify a fee cap for Nevada; check current limits with the Nevada Financial Institutions Division. The typical statewide APR was 548% in 2023.
Where is the nearest credit union to Wells?
No credit union is headquartered in Wells, but Elko Federal Credit Union is based in Elko, also in Elko 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)
- NRS chapter 604A
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary