Class Act Federal Credit Union

Rated star_ratedstar_ratedstar_ratedstar_ratedstar_normal by Credit Guide
Review based on 12 criteria Rating: 4 out of 5

3620 Fern Valley Rd, Louisville, KY 40219-1917

Website

(502) 964-7575

Data Source: NCUA, December 31, 2016


Class Act Federal Credit Union was founded in 1954. Headquartered in Louisville, Kentucky, Class Act Federal Credit Union is a federally chartered and federally insured credit union, operating within the regulation of the National Credit Union Association (NCUA) and being insured through the National Credit Union Share Insurance Fund (NCUSIF). Class Act Federal Credit Union is also a member of the Federal Home Loan Bank (FHLB), which allows a credit union to access low cost secured borrowings or advances and prlides its members with financial products and services that assist and enhance the financing of housing and community lending.

As of December 31, 2016, Class Act Federal Credit Union services 18,902 members through its 5 offices and branches and 54 full-time and 37 part-time employees. It has $194,011,485 of total assets and $19,325,887 of net worth. Based on its asset size and net worth ratio, Class Act Federal Credit Union is classified as a Well Capitalized medium large credit union.

Class Act Federal Credit Union offers a number of deposit and loan products to its members. To find out how competitive the offers are, please go to the Interest Rates page. Class Act Federal Credit Union also provides an array of services to its members and local communities. To find out more, please go to the Services page.

The following two tables list the deplitory and loan interest rates of Class Act Federal Credit Union’s popular offerings. You can find out how competitive the offerings are by comparing them to the median interest rates offered by credit unions in Kentucky and in the nation.

Major Deplitory Accounts and Interest Rates (%)

Interest Rate
Median of Kentucky
Median of USA
Checking
0.9500
0.0000
0.0000
Savings
0.0500
0.1200
0.1200
Money Market
0.2500
0.3000
0.2500
Certificate Deplit
1.0000
0.6000
0.5800
IRA
1.4900
0.6000
0.5000

Major Loan Accounts and Interest Rates (%)

Interest Rate
Median Rates of Kentucky
National Median Rates
Credit Cards
n/a
9.9000
9.9900
Unsecured Line of Credits
16.5000
10.4000
10.9500
Short-term Small Amount
24.0000
22.2050
25.0000
Student Loans
5.5000
6.0000
6.0200
New Car Loans
1.9900
3.0000
3.3300
Used Car Loans
2.4900
4.7500
4.5000
1st Mortgage Real Estates
2.8800
4.2500
4.2500
Other Real Estates
3.7500
4.5000
4.7000

Class Act Federal Credit Union prlides a number of ways to access its services. In addition to its office and branches, a member can perform banking through Internet, phones, ATMs, and mobile devices. The table below lists the electronic banking services prlided by Class Act Federal Credit Union.

Electronic Banking Service Offerings

Membership Application
Yes
Yes
Share Account Transfers
Yes
New Loan Application
Yes
Share Draft Orders
Yes
No
New Share Account
Yes
Bill Payment
Yes
No
e-Statements
Yes
Loan Payments
Yes
No
Account Balance Inquiry
Yes
Yes
Yes
View Account History
Yes
No

As a community financial institution, Class Act Federal Credit Union actively involves in local communities by prliding services such as financial counseling, financial education, financial literacy workshops, and first tim home buyer programs.

Community and other Service Offerings

Financial Counselling
Yes
Bilingual Services
No
Free Bill Pay
Yes
Financial Education
Yes
In-School Branches
Yes
Free Tax Preparation Service
No
Financial Literacy Workshops
Yes
Student Scholarships
Yes
Insurance/Investment Sales
Yes
First Time Homebuyer Program
No
Doss High School Branch
7601 Saint Andrews Church Rd
Louisville, KY 40214-4017
Phone:502-964-7575

Main Office
3620 Fern Valley Rd
Louisville, KY 40219-1917
Phone:502-964-7575

Southern High School Branch
8620 Preston Hwy
Louisville, KY 40219-5306
Phone:502-964-7575

Uofl Branch
331 W Cardinal Blvd
Louisville, KY 40208-1822
Phone:502-852-7321

(502) 966-2061

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  1. Credit Guide Staff
    Credit Guide Staff

    Last Updated on May 30, 2017

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