- Payday loans in Orem 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.
- 2 credit unions are headquartered in Orem; ask about small-dollar loans before borrowing.
Orem at a glance
| Orem | |
|---|---|
| Population (2024 Census estimate) | 96,646 |
| Change since 2020 | -1.8% (shrinking) |
| County | Utah County |
| Size rank among 230 Utah places we cover | 6th |
| Share of Utah’s population | 2.8% |
| Nearest larger city | Provo (about 5 miles) |
| Credit unions headquartered in town (NCUA) | 2, 2 federal |
| Credit unions headquartered in Utah County | 6 |
| Other towns within 25 miles | 36 (about 1,097,009 residents) |
| Typical payday APR statewide (CRL 2023) | 543% |
Whether you borrow at a storefront in Provo or online from Orem, the lender must hold a Utah license from the Utah Department of Financial Institutions and follow state limits.
Credit unions in Orem
These credit unions have their main office in Orem, according to NCUA call report data (June 2026):
- Orem City Employees Federal Credit Union (federal charter — may offer payday alternative loans (PALs))
- Alpine Federal Credit Union (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 Orem
Key Utah limits that apply to Orem borrowers: 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 Orem
Utah law sets no cap on payday loan fees, so prices vary widely by lender. Statewide, the typical APR on a $400 payday loan was 543% (Center for Responsible Lending, June 2023). Check any offer with our payday loan calculator.
Other help in Utah 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 Orem 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 Orem
The nearest larger city is Provo, about 5 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 Orem?
Yes. Payday loans are legal in Orem under Utah state law, and lenders must be licensed by the Utah Department of Financial Institutions.
How much does a payday loan cost in Orem?
Utah law sets no cap on payday loan fees, so prices vary widely by lender. The typical statewide APR was 543% in 2023.
Are there credit unions in Orem?
Yes. NCUA data lists 2 credit unions with a main office in Orem, including Orem City Employees Federal Credit Union and Alpine Federal Credit Union. Federal credit unions can offer payday alternative loans capped at 28% APR.
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