- Payday loans in Raymond follow Wisconsin law (Wis. Stat. § 138.14).
- Wisconsin law sets no cap on payday loan fees, so prices vary widely by lender.
- The nearest larger city is Franklin, about 6 miles away.
Raymond at a glance
| Raymond | |
|---|---|
| Population (2024 Census estimate) | 3,974 |
| Change since 2020 | +1.3% (growing) |
| County | Racine County |
| Size rank among 561 Wisconsin places we cover | 178th |
| Nearest larger city | Franklin (about 6 miles) |
| Credit unions headquartered in town (NCUA) | None |
| Credit unions headquartered in Racine County | 3 |
| Other towns within 25 miles | 50 (about 1,482,541 residents) |
| Typical payday APR statewide (CRL 2023) | 537% |
Whether you borrow at a storefront in Franklin or online from Raymond, the lender must hold a Wisconsin license from the Wisconsin Department of Financial Institutions and follow state limits.
Credit unions near Raymond
No credit union has its main office in Raymond, but these are based elsewhere in Racine County (NCUA, June 2026):
- Educators Credit Union in Racine (state charter)
- Racine Municipal Employees Credit Union in Racine (state charter)
- Mcu Financial Center Credit Union in Racine (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 Raymond
Key Wisconsin limits that apply to Raymond borrowers: maximum loan: $1,500 or 35% of your gross monthly income, whichever is less; loan term: 90 days or less; renewals: one renewal; 24-hour cooling-off period after repaying a renewed loan. See the full Wisconsin payday loan rules.
What a $300 loan costs in Raymond
Wisconsin law sets no cap on payday loan fees, so prices vary widely by lender. Statewide, the typical APR on a $400 payday loan was 537% (Center for Responsible Lending, June 2023). Check any offer with our payday loan calculator.
Other help in Racine 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 Raymond 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 Raymond
The nearest larger city is Franklin, about 6 miles away. See all 561 Wisconsin 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 Raymond?
Yes. Payday loans are legal in Raymond under Wisconsin state law, and lenders must be licensed by the Wisconsin Department of Financial Institutions.
How much does a payday loan cost in Raymond?
Wisconsin law sets no cap on payday loan fees, so prices vary widely by lender. The typical statewide APR was 537% in 2023.
Where is the nearest credit union to Raymond?
No credit union is headquartered in Raymond, but Educators Credit Union is based in Racine, also in Racine 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)
- Wisconsin DFI — Licensed financial services FAQ
- Center for Responsible Lending — Red Alert Rates: APRs on $400 single-payment payday loans (June 2023)
- CDFI Fund — NCUA payday alternative loans summary