- Payday loans in Richmond 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 Logan, about 13 miles away.
Richmond at a glance
| Richmond | |
|---|---|
| Population (2024 Census estimate) | 3,092 |
| Change since 2020 | +5.2% (growing fast) |
| County | Cache County |
| Size rank among 230 Utah places we cover | 107th |
| Nearest larger city | Logan (about 13 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Cache County | 3 |
| Other towns within 25 miles | 27 (about 155,855 residents) |
| Typical payday APR statewide (CRL 2023) | 543% |
There is no separate Richmond payday law: Utah rules apply here, and any lender serving Richmond residents, online or in person, needs a license from the Utah Department of Financial Institutions.
Credit unions near Richmond
No credit union has its main office in Richmond, but these are based elsewhere in Cache County (NCUA, June 2026):
- Logan Medical Federal Credit Union in Logan (federal charter — may offer payday alternative loans (PALs))
- New Heights Federal Credit Union in Logan (federal charter — may offer payday alternative loans (PALs))
- Presto Lewiston Employees Credit Union in Lewiston (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.
Payday loan rules that apply in Richmond
In short, Utah rules that cover Richmond include: 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 Richmond
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 Cache County before you borrow
Before a payday loan, Richmond residents can usually find something cheaper:
- Local assistance through 211 covering Cache 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 Richmond
The nearest larger city is Logan, about 13 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 Richmond?
Yes. Payday loans are legal in Richmond under Utah state law, and lenders must be licensed by the Utah Department of Financial Institutions.
How much does a payday loan cost in Richmond?
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 Richmond?
No credit union is headquartered in Richmond, but Logan Medical Federal Credit Union is based in Logan, also in Cache 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