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Class Act Federal Credit Union

Popular Accounts at this Credit Union

4.00%Reward CheckingHonors Checking
2.02%5-year CD60 Month Share Certificate
0.50%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 1,017th largest credit union in the nation. It was established in 1954 and as of June of 2016, it had grown to 59 employees and 18,767 members at 4 locations. Class Act Federal Credit Union 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

Related Posts

Class Act Credit Union Will Now Charge For Use Of Shared Branching - 1/12/2016

In an email received this morning: The Shared Branching network is a great source for Credit Unions and while we encourage our members to use them, there are times when changes must occur.... One change that you have most likely seen is that Park Community Credit Union is no longer participating in Shared Branching. This means that you will no longer be able to access your Class Act FCU account at a Park Community branch. Additionally we are implementing a fee for shared branching usage. While the first 4 transactions completed per month at a shared branch will remain free, a $4 fee will be charged for each transaction afterward. You will see this charge on your account at the end of each month. This may be of interest to DA readers use Shared Branching facilities in their banking activities - even if not necessarily at this credit union. 

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Reviews (2)

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. 

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 - YTD-0.06%
Return on Equity - YTD-0.71%
Annual Interest Income$3.3MM
Assets and Liabilities
AssetsQ2 2016vs Q2 2015$194.2MM$185.6MM
LoansQ2 2016vs Q2 2015$102.3MM$90.3MM
DepositsQ2 2016vs Q2 2015$172.7MM$162.5MM
Equity CapitalQ2 2016vs Q2 2015$17.4MM$18.5MM
Loan Loss AllowanceQ2 2016vs Q2 2015$709.00K$313.00K
Unbacked Noncurrent LoansQ2 2016vs Q2 2015$485.00K$216.00K
Real Estate OwnedQ2 2016vs Q2 2015$0$0
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* 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%--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

0.25%*$25k*-Money Market Account
OTHER TIERS: 0.05% $2,500 - $10k | 0.15% $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

2.02%$5k-60 Month Share Certificate
1.50%$1k-48 Month Share Certificate
1.30%$1k-36 Month Share Certificate
1.10%$1k-30 Month Share Certificate
1.00%$1k-24 Month Share Certificate
0.70%$1k-18 Month Share Certificate
0.50%$1k-12 Month Share Certificate
0.30%$500-6 Month Share Certificate
0.20%$500-91 Day Share Certificate

Class Act Federal Credit Union IRA Rates

1.50%$1k-48 Month IRA Share Certificate
1.30%$1k-36 Month IRA Share Certificate
1.10%$1k-30 Month IRA Share Certificate
1.00%$1k-24 Month IRA Share Certificate
0.70%$1k-18 Month IRA Share Certificate
0.50%$1k-12 Month IRA Share Certificate
0.30%$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