- Payday loans in Gresham 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 Portland, about 10 miles away.
Gresham at a glance
| Gresham | |
|---|---|
| Population (2024 Census estimate) | 111,507 |
| Change since 2020 | -2.6% (shrinking) |
| County | Multnomah County |
| Size rank among 211 Oregon places we cover | 4th |
| Share of Oregon’s population | 2.6% |
| Nearest larger city | Portland (about 10 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Multnomah County | 11 |
| Other towns within 25 miles | 25 (about 1,223,281 residents) |
| Typical payday APR statewide (CRL 2023) | 140% |
There is no separate Gresham payday law: Oregon rules apply here, and any lender serving Gresham residents, online or in person, needs a license from the Oregon Division of Financial Regulation.
Credit unions near Gresham
No credit union has its main office in Gresham, but these are based elsewhere in Multnomah County (NCUA, June 2026):
- Trailhead Federal Credit Union in Portland (federal charter — may offer payday alternative loans (PALs))
- Pacific N W Federal Credit Union in Portland (federal charter — may offer payday alternative loans (PALs))
- Consolidated Federal Credit Union in Portland (federal charter — may offer payday alternative loans (PALs))
- Ibew & United Workers Federal Credit Union in Portland (federal charter — may offer payday alternative loans (PALs))
- Ironworkers Usa Federal Credit Union in Portland (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 Gresham
| Rule | Oregon |
|---|---|
| Minimum term | 31 days |
| Interest | 36% a year |
| Origination fee | $10 per $100, up to $30 on a new loan |
| Rollovers | Restricted |
What a $300 loan costs in Gresham
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 Multnomah County before you borrow
Before a payday loan, Gresham residents can usually find something cheaper:
- Local assistance through 211 covering Multnomah 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 Gresham
- Wood Village · 3 mi
- Fairview · 3 mi
- Troutdale · 3 mi
- Happy Valley · 6 mi
- Maywood Park · 7 mi
- Johnson · 9 mi
The nearest larger city is Portland, about 10 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 Gresham?
Yes. Payday loans are legal in Gresham under Oregon state law, and lenders must be licensed by the Oregon Division of Financial Regulation.
How much does a payday loan cost in Gresham?
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 Gresham?
No credit union is headquartered in Gresham, but Trailhead Federal Credit Union is based in Portland, also in Multnomah 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