- Payday loans in Florence follow Oregon law (ORS chapter 725A).
- Borrowing $300 at the state maximum costs About $39 on a 31-day loan ($30 origination fee plus 36% interest).
- The nearest larger city is Eugene, about 49 miles away.
Florence at a glance
| Florence | |
|---|---|
| Population (2024 Census estimate) | 9,504 |
| Change since 2020 | +0.3% (holding steady) |
| County | Lane County |
| Size rank among 211 Oregon places we cover | 60th |
| Nearest larger city | Eugene (about 49 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Lane County | 6 |
| Other towns within 25 miles | 3 (about 6,731 residents) |
| Typical payday APR statewide (CRL 2023) | 140% |
Payday lending in Florence follows Oregon state law. Lenders that serve Florence, in a store or online, must be licensed by the Oregon Division of Financial Regulation.
Credit unions near Florence
No credit union has its main office in Florence, but these are based elsewhere in Lane County (NCUA, June 2026):
- Eweb Employees Federal Credit Union in Eugene (federal charter — may offer payday alternative loans (PALs))
- Emerald Empire Federal Credit Union in Springfield (federal charter — may offer payday alternative loans (PALs))
- Pacific Cascade Federal Credit Union in Eugene (federal charter — may offer payday alternative loans (PALs))
- Selco Community Credit Union in Springfield (state charter)
- Gateway Credit Union in Springfield (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.
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Payday loan rules that apply in Florence
The main Oregon rules for a payday loan in Florence: minimum term: 31 days; interest: 36% a year; origination fee: $10 per $100, up to $30 on a new loan. See the full Oregon payday loan rules.
What a $300 loan costs in Florence
At Oregon’s maximum fee, borrowing $300 costs About $39 on a 31-day loan ($30 origination fee plus 36% interest). Statewide, the typical APR on a $400 payday loan was 140% (Center for Responsible Lending, June 2023). Check any offer with our payday loan calculator.
Other help in Lane County before you borrow
- Call or text 211 for help with rent, utilities and food in Lane 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 Florence
The nearest larger city is Eugene, about 49 miles away. See all 211 Oregon 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 Florence?
Yes. Payday loans are legal in Florence under Oregon state law, and lenders must be licensed by the Oregon Division of Financial Regulation.
How much does a payday loan cost in Florence?
At Oregon’s maximum fee, borrowing $300 costs About $39 on a 31-day loan ($30 origination fee plus 36% interest). The typical statewide APR was 140% in 2023.
Where is the nearest credit union to Florence?
No credit union is headquartered in Florence, but Eweb Employees Federal Credit Union is based in Eugene, also in Lane 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)
- Oregon DFR — Payday loans
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary