- Payday loans in Cottonwood Heights follow Utah law (Utah Code Title 7, Chapter 23 (Deferred Deposit Lending)).
- Utah law sets no cap on payday loan fees, so prices vary widely by lender.
- The nearest larger city is Sandy, about 3 miles away.
Cottonwood Heights at a glance
| Cottonwood Heights | |
|---|---|
| Population (2024 Census estimate) | 32,437 |
| Change since 2020 | -3.2% (shrinking) |
| County | Salt Lake County |
| Size rank among 230 Utah places we cover | 35th |
| Share of Utah’s population | 0.9% |
| Nearest larger city | Sandy (about 3 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Salt Lake County | 19 |
| Other towns within 25 miles | 45 (about 1,775,104 residents) |
| Typical payday APR statewide (CRL 2023) | 543% |
Payday lending in Cottonwood Heights follows Utah state law. Lenders that serve Cottonwood Heights, in a store or online, must be licensed by the Utah Department of Financial Institutions.
Credit unions near Cottonwood Heights
No credit union has its main office in Cottonwood Heights, but these are based elsewhere in Salt Lake County (NCUA, June 2026):
- Utah First Federal Credit Union in Salt Lake City (federal charter — may offer payday alternative loans (PALs))
- Ridgeline Federal Credit Union in Salt Lake City (federal charter — may offer payday alternative loans (PALs))
- American United Federal Credit Union in West Jordan (federal charter — may offer payday alternative loans (PALs))
- Lu 354 I B E W Federal Credit Union in Salt Lake City (federal charter — may offer payday alternative loans (PALs))
- Gibbons And Reed Employees Federal Credit Union in Salt Lake City (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 Cottonwood Heights
The main Utah rules for a payday loan in Cottonwood Heights: loan amount and fees: no statutory cap; maximum interest period: 10 weeks; no interest or fees after that; extended payment plan: after 10 weeks you can ask for an extended payment plan with no extra interest or fees. See the full Utah payday loan rules.
What a $300 loan costs in Cottonwood Heights
The Center for Responsible Lending put the typical APR on a $400 payday loan in Utah at 543% (June 2023). Utah law sets no cap on payday loan fees, so prices vary widely by lender. Check any offer with our payday loan calculator.
Other help in Salt Lake County before you borrow
- Call or text 211 for help with rent, utilities and food in Salt Lake 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 Cottonwood Heights
- Holladay · 3 mi
- Sandy · 3 mi
- White City metro township · 4 mi
- Midvale · 4 mi
- Murray · 5 mi
- Millcreek · 5 mi
The nearest larger city is Sandy, about 3 miles away. See all 230 Utah 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 Cottonwood Heights?
Yes. Payday loans are legal in Cottonwood Heights under Utah state law, and lenders must be licensed by the Utah Department of Financial Institutions.
How much does a payday loan cost in Cottonwood Heights?
Utah law sets no cap on payday loan fees, so prices vary widely by lender. The typical statewide APR was 543% in 2023.
Where is the nearest credit union to Cottonwood Heights?
No credit union is headquartered in Cottonwood Heights, but Utah First Federal Credit Union is based in Salt Lake City, also in Salt Lake 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)
- Utah Code 7-23-401
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary