Average User Rating:
5 star rating based on 1 review.

Class Act Federal Credit Union

Class Act Federal Credit Union Locations

3620 Fern Valley Road
Louisville, KY 40219
(502) 964-7575
www.classact.org

NCUA

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Class Act Federal Credit Union is headquartered in Louisville and is the 11^st largest credit union in the state of Kentucky. It is also the 1,045^th largest credit union in the nation. It was established in 1954 and as of December of 2012, it had grown to 41 employees and 18,744 members. Class Act Federal Credit Union has a 5-star health rating.

Class Act FCU RCA (3%APY, $20K) To (4%APY, $5K) Effective 10/1/12 (Forum) - 9/29/2012

The rate on the credit union's Honors Checking increased but the cap dropped significantly. RCA requirements (including total spending requirement of $200 or more per month) are unchanged. There was NO notification to accountholders other

Class Act FCU Honors Checking Will Drop Rate... (Forum) - 9/10/2011

from (4%, $25K) to (3%, $20K) on 1 October 2011. At least they are good to show the pending rate change at their website; not like many others, who do the rate drop secretly, silently, and retroactively.

New Reward Checking Requirement: $200/Mo In Debit Card Purchases (Forum) - 6/25/2010

Class Act Federal Credit Union in Louisville, Kentucky has notified its members that effective August 1st, reward checking members will have to make $200 per month in total debit card purchases in order to qualify for the top rate (currently 4% APY on bal

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See Rates for: Checking | Savings | Money Market | CD | IRA

Class Act Federal Credit Union Checking Account Rates

	Apy	Min	Max	Product
	4.00%	-	$5k	Honors Checking

Class Act Federal Credit Union Savings Account Rates

Apy	Min	Max	Product
0.15%	$2,500	-	Regular Share Savings
0.15%	-	-	IRA Accumulation
0.05%	-	-	Summer Savings - Check
0.05%	-	-	Christmas Club
0.05%	-	-	Summer Savings - Transfer

Class Act Federal Credit Union Money Market Rates

	Apy	Min	Max	Product
	0.35%	$25k	-	Money Market Account

Class Act Federal Credit Union CD Rates

Apy	Min	Max	Product
1.25%	$1k	-	48 Month Share Certificate
1.10%	$1k	-	36 Month Share Certificate
0.90%	$1k	-	24 Month Share Certificate
0.90%	$1k	-	30 Month Share Certificate
0.60%	$1k	-	18 Month Share Certificate
0.50%	$1k	-	1 Year Share Certificate
0.30%	$500	-	6 Month Share Certificate
0.20%	$500	-	91 Day Share Certificate

Class Act Federal Credit Union IRA Rates

Apy	Min	Max	Product
1.25%	$1k	-	48 Month IRA Share Certificate
1.10%	$1k	-	36 Month IRA Share Certificate
0.90%	$1k	-	24 Month IRA Share Certificate
0.90%	$1k	-	30 Month IRA Share Certificate
0.60%	$1k	-	18 Month IRA Share Certificate
0.50%	$1k	-	12 Month IRA Share Certificate
0.30%	$1k	-	6 Month IRA Share Certificate

Rates updated: 5/23/2013

Data for Q4 2012

Institution Statistics

CLASS ACT
NCUA #	9106
BankRate Report	View
Year Chartered	1954
Employees	41
Primary Regulator
Assets and Liabilities
Assets	$160.65 million
Loans	$60.26 million
Deposits	$143.65 million
Equity Capital	$16.21 million
Loan Loss Allowance	$316,000
Unbacked Noncurrent Loans	$624,000
Real Estate Owned	$86,000
Historic Data - December 2011
Assets	$153.77 million
Equity Capital	$16.03 million
Loan Loss Allowance	$433,000
Unbacked Noncurrent Loans	$683,000
Profit Margin - Quarterly
Net Interest Margin	5.77%
Return on Assets	0.24%
Return on Equity	2.34%
Interest Income	$4.62 million
Non-Interest Income	$3.09 million

Institution Health

Overall Score:

5 out of 5

Texas Ratio
The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2012 Class Act Federal Credit Union had $710,000 in non-current loans and owned real-estate with $16.52 million in equity and loan loss allowances on hand to cover it. This gives Class Act Federal Credit Union a Texas Ratio of 4.30% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
Texas Ratio Trend
The Texas Ratio for Class Act Federal Credit Union held steady from 4.15% as of December 31, 2011 to 4.30% as of December 31, 2012, resulting in a negative change of 3.55%. This indicates that the balance sheet and financial strength for Class Act Federal Credit Union has held steady in recent periods.
Deposit Growth
In the past year, Class Act Federal Credit Union has increased its total deposits by $7.06 million, resulting in 5.17% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Class Act Federal Credit Union has shown is excellent.
Capitalization
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Class Act Federal Credit Union has $160.65 million in assets with $16.52 million in equity, resulting in a capitalization level of 10.28%, which is above average.

I Love Class Act FCU
5 stars

- PatCurran - Monday, April 18, 2011 - 10:09 AM

My credit union has been a real blessing to me and has saved me a lot of money over the years. I always shop around for loan rates when buying a car or whatever and Class Act has almost always had the very best rates. Their Honors Checking account is stupid good. I don't know how they can do it but I get paid 4.0% on my checking account balance and they refund my ATM fees regardless of which bank ATM I use (up to $25 per month). They don't have as many branches as a major bank but they and other credit unions cooperate with shared branches which are everywhere so convenience really hasn't been an issue. The bottom line is I save on loans and get paid on my checking. I couldn't be happier.

Class Act Federal Credit Union

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