- Payday loans in Okarche follow Oklahoma law (Oklahoma Deferred Deposit Lending Act (59 O.S. §§ 3101–3119)).
- Borrowing $300 at the state maximum costs $45.
- The nearest larger city is Yukon, about 18 miles away.
Okarche at a glance
| Okarche | |
|---|---|
| Population (2024 Census estimate) | 1,193 |
| Change since 2020 | +4.6% (growing) |
| Counties | Canadian County and Kingfisher County |
| Size rank among 411 Oklahoma places we cover | 186th |
| Nearest larger city | Yukon (about 18 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in these counties | 1 |
| Other towns within 25 miles | 11 (about 97,197 residents) |
| Typical payday APR statewide (CRL 2023) | 424% |
Payday lending in Okarche follows Oklahoma state law. Lenders that serve Okarche, in a store or online, must be licensed by the Oklahoma Department of Consumer Credit.
Credit unions near Okarche
No credit union has its main office in Okarche, but these are based elsewhere in Canadian County (NCUA, June 2026):
- Correctional Workers Federal Credit Union in El Reno (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 Okarche
The main Oklahoma rules for a payday loan in Okarche: 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 Okarche
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 Canadian County before you borrow
- Call or text 211 for help with rent, utilities and food in Canadian 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 Okarche
The nearest larger city is Yukon, about 18 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 Okarche?
Yes. Payday loans are legal in Okarche under Oklahoma state law, and lenders must be licensed by the Oklahoma Department of Consumer Credit.
How much does a payday loan cost in Okarche?
At Oklahoma’s maximum fee, borrowing $300 costs $45. The typical statewide APR was 424% in 2023.
Where is the nearest credit union to Okarche?
No credit union is headquartered in Okarche, but Correctional Workers Federal Credit Union is based in El Reno, also in Canadian 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)
- 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