- Payday loans in Emerado follow North Dakota law (N.D. Century Code chapter 13-08).
- Borrowing $300 at the state maximum costs $60 (20% fee) plus a database fee.
- The nearest larger city is Grand Forks, about 13 miles away.
Emerado at a glance
| Emerado | |
|---|---|
| Population (2024 Census estimate) | 450 |
| Change since 2020 | +1.4% (growing) |
| County | Grand Forks County |
| Size rank among 137 North Dakota places we cover | 97th |
| Nearest larger city | Grand Forks (about 13 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Grand Forks County | 6 |
| Other towns within 25 miles | 7 (about 64,480 residents) |
| Typical payday APR statewide (CRL 2023) | 521% |
There is no separate Emerado payday law: North Dakota rules apply here, and any lender serving Emerado residents, online or in person, needs a license from the North Dakota Department of Financial Institutions.
Credit unions near Emerado
No credit union has its main office in Emerado, but these are based elsewhere in Grand Forks County (NCUA, June 2026):
- Northern Sts Pwr Company Emp Federal Credit Union in Grand Forks (federal charter — may offer payday alternative loans (PALs))
- Northern Valley Federal Credit Union in Grand Forks (federal charter — may offer payday alternative loans (PALs))
- University Federal Credit Union in Grand Forks (federal charter — may offer payday alternative loans (PALs))
- Riverfork Federal Credit Union in Grand Forks (federal charter — may offer payday alternative loans (PALs))
- Med Park Credit Union in Grand Forks (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 Emerado
In short, North Dakota rules that cover Emerado include: maximum loan: $500; maximum fee: 20% of the amount advanced, plus a database fee; loan term: up to 60 days including one renewal. See the full North Dakota payday loan rules.
What a $300 loan costs in Emerado
The Center for Responsible Lending put the typical APR on a $400 payday loan in North Dakota at 521% (June 2023). For $300 at the state maximum, expect $60 (20% fee) plus a database fee. Check any offer with our payday loan calculator.
Other help in Grand Forks County before you borrow
Before a payday loan, Emerado residents can usually find something cheaper:
- Local assistance through 211 covering Grand Forks 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 Emerado
The nearest larger city is Grand Forks, about 13 miles away. See all 137 North Dakota 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 Emerado?
Yes. Payday loans are legal in Emerado under North Dakota state law, and lenders must be licensed by the North Dakota Department of Financial Institutions.
How much does a payday loan cost in Emerado?
At North Dakota’s maximum fee, borrowing $300 costs $60 (20% fee) plus a database fee. The typical statewide APR was 521% in 2023.
Where is the nearest credit union to Emerado?
No credit union is headquartered in Emerado, but Northern Sts Pwr Company Emp Federal Credit Union is based in Grand Forks, also in Grand Forks 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)
- N.D.C.C. chapter 13-08
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary