- Payday loans in Granite Falls follow Washington law (RCW 31.45 (Check Cashers and Sellers)).
- Borrowing $300 at the state maximum costs $45 (15% fee).
- The nearest larger city is Lake Stevens, about 8 miles away.
Granite Falls at a glance
| Granite Falls | |
|---|---|
| Population (2024 Census estimate) | 4,702 |
| Change since 2020 | +2.2% (growing) |
| County | Snohomish County |
| Size rank among 262 Washington places we cover | 127th |
| Nearest larger city | Lake Stevens (about 8 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Snohomish County | 7 |
| Other towns within 25 miles | 18 (about 469,432 residents) |
| Typical payday APR statewide (CRL 2023) | 391% |
Payday lending in Granite Falls follows Washington state law. Lenders that serve Granite Falls, in a store or online, must be licensed by the Washington Department of Financial Institutions.
Credit unions near Granite Falls
No credit union has its main office in Granite Falls, but these are based elsewhere in Snohomish County (NCUA, June 2026):
- Nordstrom Federal Credit Union in Everett (federal charter — may offer payday alternative loans (PALs))
- Community Healthcare Federal Credit Union in Everett (federal charter — may offer payday alternative loans (PALs))
- Northwest Plus Credit Union in Everett (state charter)
- Mill Town Credit Union in Everett (state charter)
- Qualstar Credit Union in Bothell (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 Granite Falls
The main Washington rules for a payday loan in Granite Falls: maximum loan: $700 or 30% of your gross monthly income, whichever is less; maximum fee: 15% on the first $500, 10% on amounts above $500; loans per year: no more than 8 in any 12-month period. See the full Washington payday loan rules.
What a $300 loan costs in Granite Falls
At Washington’s maximum fee, borrowing $300 costs $45 (15% fee). Statewide, the typical APR on a $400 payday loan was 391% (Center for Responsible Lending, June 2023). Check any offer with our payday loan calculator.
Other help in Snohomish County before you borrow
- Call or text 211 for help with rent, utilities and food in Snohomish 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 Granite Falls
The nearest larger city is Lake Stevens, about 8 miles away. See all 262 Washington 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 Granite Falls?
Yes. Payday loans are legal in Granite Falls under Washington state law, and lenders must be licensed by the Washington Department of Financial Institutions.
How much does a payday loan cost in Granite Falls?
At Washington’s maximum fee, borrowing $300 costs $45 (15% fee). The typical statewide APR was 391% in 2023.
Where is the nearest credit union to Granite Falls?
No credit union is headquartered in Granite Falls, but Nordstrom Federal Credit Union is based in Everett, also in Snohomish 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)
- Washington DFI — 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