- Payday loans in New Salem 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 Bismarck, about 31 miles away.
New Salem at a glance
| New Salem | |
|---|---|
| Population (2024 Census estimate) | 1,068 |
| Change since 2020 | +8.9% (growing fast) |
| County | Morton County |
| Size rank among 137 North Dakota places we cover | 45th |
| Nearest larger city | Bismarck (about 31 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Morton County | 1 |
| Other towns within 25 miles | 2 (about 1,287 residents) |
| Typical payday APR statewide (CRL 2023) | 521% |
There is no separate New Salem payday law: North Dakota rules apply here, and any lender serving New Salem residents, online or in person, needs a license from the North Dakota Department of Financial Institutions.
Credit unions near New Salem
No credit union has its main office in New Salem, but these are based elsewhere in Morton County (NCUA, June 2026):
- Railway Credit Union in Mandan (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 New Salem
In short, North Dakota rules that cover New Salem 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 New Salem
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 Morton County before you borrow
Before a payday loan, New Salem residents can usually find something cheaper:
- Local assistance through 211 covering Morton 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 New Salem
The nearest larger city is Bismarck, about 31 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 New Salem?
Yes. Payday loans are legal in New Salem 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 New Salem?
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 New Salem?
No credit union is headquartered in New Salem, but Railway Credit Union is based in Mandan, also in Morton 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