- Payday loans in Gates 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 Salem, about 32 miles away.
Gates at a glance
| Gates | |
|---|---|
| Population (2024 Census estimate) | 487 |
| Change since 2020 | -11.8% (shrinking) |
| Counties | Linn County and Marion County |
| Size rank among 211 Oregon places we cover | 193rd |
| Nearest larger city | Salem (about 32 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in these counties | 6 |
| Other towns within 25 miles | 8 (about 30,737 residents) |
| Typical payday APR statewide (CRL 2023) | 140% |
Whether you borrow at a storefront in Salem or online from Gates, the lender must hold a Oregon license from the Oregon Division of Financial Regulation and follow state limits.
Credit unions near Gates
No credit union has its main office in Gates, but these are based elsewhere in Linn County (NCUA, June 2026):
- Central Willamette Credit Union in Albany (state charter)
- 44 North Credit Union in Lebanon (state charter)
- Ibew/Sj Cascade Federal Credit Union in Salem (federal charter — may offer payday alternative loans (PALs))
- Heritage Grove Federal Credit Union in Salem (federal charter — may offer payday alternative loans (PALs))
- Marion And Polk Schools Credit Union in Salem (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 Gates
Key Oregon limits that apply to Gates borrowers: 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 Gates
The Center for Responsible Lending put the typical APR on a $400 payday loan in Oregon at 140% (June 2023). For $300 at the state maximum, expect About $39 on a 31-day loan ($30 origination fee plus 36% interest). Check any offer with our payday loan calculator.
Other help in Linn County before you borrow
- Credit union payday alternative loans (PALs): $200–$2,000 at no more than 28% APR. Search for a federal credit union in Gates that offers them. See how PALs work.
- Your bank’s small-dollar loan, if it offers one. See bank small-dollar loans.
- Cash advance apps for $20–$500 based on your direct deposits. See apps compared.
- 211: call or text 211 for local help with rent, utilities and food.
Towns near Gates
The nearest larger city is Salem, about 32 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 Gates?
Yes. Payday loans are legal in Gates under Oregon state law, and lenders must be licensed by the Oregon Division of Financial Regulation.
How much does a payday loan cost in Gates?
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 Gates?
No credit union is headquartered in Gates, but Central Willamette Credit Union is based in Albany, also in Linn 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