- Payday loans in Ada follow Oklahoma law (Oklahoma Deferred Deposit Lending Act (59 O.S. §§ 3101–3119)).
- Borrowing $300 at the state maximum costs $45.
- 1 credit union is headquartered in Ada; ask about small-dollar loans before borrowing.
Ada at a glance
| Ada | |
|---|---|
| Population (2024 Census estimate) | 16,578 |
| Change since 2020 | +0.6% (holding steady) |
| County | Pontotoc County |
| Size rank among 411 Oklahoma places we cover | 33rd |
| Nearest larger city | Shawnee (about 45 miles) |
| Credit unions headquartered in town (NCUA) | 1, 1 federal |
| Credit unions headquartered in Pontotoc County | 1 |
| Other towns within 25 miles | 10 (about 7,195 residents) |
| Typical payday APR statewide (CRL 2023) | 424% |
Payday lending in Ada follows Oklahoma state law. Lenders that serve Ada, in a store or online, must be licensed by the Oklahoma Department of Consumer Credit.
Credit unions in Ada
These credit unions have their main office in Ada, according to NCUA call report data (June 2026):
- Arbuckle Federal Credit Union (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.
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Payday loan rules that apply in Ada
The main Oklahoma rules for a payday loan in Ada: maximum loan: $500; maximum fee: $15 per $100 on the first $300, then $10 per $100; loan term: 12 to 45 days. See the full Oklahoma payday loan rules.
What a $300 loan costs in Ada
At Oklahoma’s maximum fee, borrowing $300 costs $45. Statewide, the typical APR on a $400 payday loan was 424% (Center for Responsible Lending, June 2023). Check any offer with our payday loan calculator.
Other help in Pontotoc County before you borrow
- Call or text 211 for help with rent, utilities and food in Pontotoc County.
- Ask a federal credit union about a PAL: $200–$2,000 at no more than 28% APR (how PALs work).
- Check your bank app for a small-dollar loan or early pay (bank options).
- Try a cash advance app if you have direct deposit (apps compared).
Towns near Ada
The nearest larger city is Shawnee, about 45 miles away. See all 411 Oklahoma 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 Ada?
Yes. Payday loans are legal in Ada under Oklahoma state law, and lenders must be licensed by the Oklahoma Department of Consumer Credit.
How much does a payday loan cost in Ada?
At Oklahoma’s maximum fee, borrowing $300 costs $45. The typical statewide APR was 424% in 2023.
Are there credit unions in Ada?
Yes. NCUA data lists 1 credit union with a main office in Ada, including Arbuckle Federal Credit Union. Federal credit unions can offer payday alternative loans capped at 28% APR.
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)
- Oklahoma Legislature — SB 1565 (2004)
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary