Class Act Federal Credit Union is headquartered in Louisville and is the 11th largest credit union in the state of Kentucky. It is also the 1,003rd largest credit union in the nation. It was established in 1954 and as of June of 2023, it had grown to 71 employees and 20,651 members at 4 locations. Class Act Federal Credit Union has a B health rating.
Membership in Class Act Federal Credit Union is open to the following: (1) employees and retirees of Jefferson County Public Schools, Shelby County Public Schools, National College, Bullitt County Public Schools, Embry-Riddle Aeronautical University, Nelson County Public Schools, and Brown Mackie College; (2) students of University of Louisville, Brown Mackie College, Daymar College, Jefferson County Public Schools, National College, and Sullivan University; (3) alumni of University of Louisville.
See current membership details
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.
The manager at this credit union has no customer service skills. He is not knowledgeable about basic paperwork. Throughout the conversation manager continued to talk down to me. I asked to speak with someone else twice and he refused both times. He simply said "I am the manager." Class Act Credit Union has no class. Find another credit union that will listen and understand. This credit union does not.
I have been a customer of Class Act for over 5 years and have been happy with the checking and savings services and products they offer. However, when my husband and I went in to talk to someone about the different options available for mortgages, it became very clear that we would be looking elsewhere for financing. The loan officer was not familiar with the various programs listed on the company web site. When asked questions, this person would say things like "I'm pretty sure". I immediately called another institution and spoke with a loan officer who was able to answer all of my questions, right away and with complete confidence in their voice. And what's more, the answers were contradictory to that of Class Act's loan officer who was "pretty sure". Needless to say, Class Act will not be getting our mortgage business!
|Return on Assets - YTD||0.6%|
|Return on Equity - YTD||6.79%|
|Annual Interest Income||$5.9MM|
|Assets and Liabilities|
|Assets||Q2 2023vs Q2 2022||$303.4MM$320.2MM|
|Loans||Q2 2023vs Q2 2022||$200.2MM$182.1MM|
|Deposits||Q2 2023vs Q2 2022||$273.9MM$291.5MM|
|Equity Capital||Q2 2023vs Q2 2022||$27.0MM$26.7MM|
|Loan Loss Allowance||Q2 2023vs Q2 2022||$0$898.00K|
|Unbacked Noncurrent Loans||Q2 2023vs Q2 2022||$897.00K$489.00K|
|Real Estate Owned||Q2 2023vs Q2 2022||$0$0|
Rates for Class Act Federal Credit Union are currently being reviewed.
|Class Act Federal Credit Union Locations|
|Branch Office||7601 Saint Andrews Church Rd||Louisville, KY 40214-4017|
|Branch Office||331 W Cardinal Blvd||Louisville, KY 40208-1822|
|Branch Office||3620 Fern Valley Rd||Louisville, KY 40219-1917|
|Branch Office||8620 Preston Hwy||Louisville, KY 40219-5306|