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Class Act Federal Credit Union

Popular Accounts at this Credit Union

4.00%Reward CheckingHonors Checking
2.25%5-year CD60 Month Bump-Up Share Certificate
1.00%1-year CD12 Month Share Certificate

Overview / Commentary
3620 Fern Valley Rd
Louisville, KY 40219-1917

Class Act Federal Credit Union is headquartered in Louisville and is the 12th largest credit union in the state of Kentucky. It is also the 1,026th largest credit union in the nation. It was established in 1954 and as of December of 2017, it had grown to 56 employees and 19,049 members at 4 locations. Class Act Federal Credit Union's money market rates are 3X the national average, and it has an A health rating.

Field of Membership Restrictions

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

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Reviews (3)

I Love Class Act FCU

Posted by: PatCurran | Apr 18, 2011

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. 

Just Say No

Posted by: Vthomps | Jun 28, 2017

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.

1St Time Home Buyer

Posted by: Anonymous | Apr 26, 2012

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!


Health Grade Components

NCUA #9106
Year Chartered1954
Primary Regulator
Profit Margin
Return on Assets - YTD0.71%
Return on Equity - YTD7.72%
Annual Interest Income$7.7MM
Assets and Liabilities
AssetsQ4 2017vs Q4 2016$204.6MM$194.0MM
LoansQ4 2017vs Q4 2016$113.9MM$108.2MM
DepositsQ4 2017vs Q4 2016$183.3MM$174.5MM
Equity CapitalQ4 2017vs Q4 2016$18.8MM$17.4MM
Loan Loss AllowanceQ4 2017vs Q4 2016$1.2MM$1.1MM
Unbacked Noncurrent LoansQ4 2017vs Q4 2016$947.00K$909.00K
Real Estate OwnedQ4 2017vs Q4 2016$0$0
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Always verify rates and promotions with the bank or credit union. We are not Class Act Federal Credit Union; we are a rate comparison website and cannot provide official rates or promotions.

* The APY shown varies based on the deposit amount. Expand the listing to see APYs for other deposit amounts.

Class Act Federal Credit Union Savings Account Rates

0.10%--IRA Accumulation
0.05%$25-Regular Share Savings
0.05%--Summer Savings - Check
0.05%--Christmas Club
0.05%--Summer Savings - Transfer

Class Act Federal Credit Union Money Market Rates

1.32%*$25k*-Money Market Account
OTHER TIERS: 0.57% $2,500 - $10k | 1.07% $10k - $25k

Class Act Federal Credit Union Checking Account Rates

4.00%*-$5kHonors Checking
OTHER TIERS: 0.05% $5k+
2.00%*-$5kStudent Honors Checking - Qualifying
OTHER TIERS: 0.05% $5k+

Class Act Federal Credit Union CD Rates

2.25%$5k-60 Month Bump-Up Share Certificate
1.75%$1k-48 Month Share Certificate
1.50%$1k-36 Month Share Certificate
1.35%$1k-30 Month Share Certificate
1.30%$1k-24 Month Share Certificate
1.20%$1k-18 Month Share Certificate
1.00%$1k-12 Month Share Certificate
0.50%$500-6 Month Share Certificate
0.30%$500-91 Day Share Certificate

Class Act Federal Credit Union IRA Rates

1.75%$1k-48 Month IRA Share Certificate
1.50%$1k-36 Month IRA Share Certificate
1.35%$1k-30 Month IRA Share Certificate
1.30%$1k-24 Month IRA Share Certificate
1.20%$1k-18 Month IRA Share Certificate
1.00%$1k-12 Month IRA Share Certificate
0.50%$1k-6 Month IRA Share Certificate

Class Act Federal Credit Union Locations
Branch Office7601 Saint Andrews Church RdLouisville, KY 40214-4017
Branch Office331 W Cardinal BlvdLouisville, KY 40208-1822
Branch Office3620 Fern Valley RdLouisville, KY 40219-1917
Branch Office8620 Preston HwyLouisville, KY 40219-5306