- Payday loans in Ray 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 Williston, about 24 miles away.
Ray at a glance
| Ray | |
|---|---|
| Population (2024 Census estimate) | 756 |
| Change since 2020 | +1.3% (growing) |
| County | Williams County |
| Size rank among 137 North Dakota places we cover | 68th |
| Nearest larger city | Williston (about 24 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Williams County | 1 |
| Other towns within 25 miles | 2 (about 30,998 residents) |
| Typical payday APR statewide (CRL 2023) | 521% |
There is no separate Ray payday law: North Dakota rules apply here, and any lender serving Ray residents, online or in person, needs a license from the North Dakota Department of Financial Institutions.
Credit unions near Ray
No credit union has its main office in Ray, but these are based elsewhere in Williams County (NCUA, June 2026):
- Western Cooperative Credit Union in Williston (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 Ray
In short, North Dakota rules that cover Ray 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 Ray
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 Williams County before you borrow
Before a payday loan, Ray residents can usually find something cheaper:
- Local assistance through 211 covering Williams 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 Ray
The nearest larger city is Williston, about 24 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 Ray?
Yes. Payday loans are legal in Ray 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 Ray?
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 Ray?
No credit union is headquartered in Ray, but Western Cooperative Credit Union is based in Williston, also in Williams 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