Home
Contents
Explore
Search

Class Act Credit Union

Overview
Back to Top

Class Act Credit Union is a federal credit union based in Louisville, Kentucky. It has been opened since 1954, for 66 years.

With around $214,580,000 in assets, Class Act Credit Union is considered to be a very large credit union. It has 5 branches and 3 ATM locations.

About
Address 3620 Fern Valley Road
Louisville, Kentucky 40219
Website http://www.classact.org
Phone (502) 964-7575
Fax (502) 966-2061
CEO Lynn Huether
President of the Board Gloria Pennington
Services Offered
Map
Back to Top
Score Card
Back to Top
66 years
Years in business
Opened in 1954
Well Capitalized
Net worth classification
Source: NCUA
19,253 members
Membership type: Multiple common bond – primary educational
Above average number of members
252:1
Credit union member to staff ratio
252 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
$214,581,356
Total assets
Above average
5 branches
Compared with an average of 4 nationally and 3 in Kentucky
Above average number of branches
0.05%
Savings interest rate
Compared to 0.3% nationally
Branches
Back to Top
5 branches
Compared with an average of 4 nationally and 3 in Kentucky
Above average number of branches
Class Act Credit Union Branch Locations

Class Act Credit Union: Southern High School Branch
8620 Preston Highway
Louisville, Kentucky 40219
No ATM
Class Act Credit Union: Main Office
3620 Fern Valley Road
Louisville, Kentucky 40219
ATM Available
Class Act Credit Union: Doss High School Branch
7601 Saint Andrews Church Road
Louisville, Kentucky 40214
No ATM
Class Act Credit Union: Uofl Branch
331 W. Cardinal Boulevard
Louisville, Kentucky 40208
ATM Available
Members
Back to Top
19,253 members
Membership type: Multiple common bond – primary educational
Above average number of members

With 19,253 members, the Class Act Credit Union is considered to be a very large credit union. It is among the largest of credit unions and is larger than 81% of credit unions.

Fees
Back to Top
$105
Average fee per member
The average fee per member at the Class Act Credit Union is $105, which is very high compared to most credit unions. This rate is higher than 86% of all credit unions.
Fees are higher than average

Credit unions, like banks, charge members various fees, such as overdraft fees, ATM fees, credit card fees, inactivity or dormat account fees, and more.

The average fee per member gives you a general sense of how much you might pay in fees as a member of the Class Act Credit Union. Some credit unions tend to charge more fees, while others charge less.

Staff
Back to Top
252:1
Credit union member to staff ratio
252 per each FTE employee
Compared to 411:1 nationally
Tons of staff!
76 staff members
FTE (full-time equivalent)
37% of employees are part-time
59 full-time, 35 part-time

Class Act Credit Union has 59 full-time staff members and 35 part-time staff members. The staff is predominantly comprised of full-time staff, at approximately 63% of the workforce.

The number of members relative to staff members is an indication of how well staffed the credit union is. Class Act Credit Union has around 252 members per staff, a very low ratio compared to other credit unions. This is a very well staffed credit union.

Assets
Back to Top
$214,581,356
Total assets
Above average
Net worth
Back to Top
Well Capitalized
Net worth classification
Source: NCUA
A well capitalized credit union has a net worth ratio of 7% or greater and also meets applicable risk-based net worth requirements, according to the National Credit Union Administration.
10.3%
Net worth ratio
A higher net worth ratio is better.
Compared to an average of 13.6% nationally

A credit union's net worth ratio is one of the most important metrics you should consider when deciding whether to join a credit union. Why? It's a measure of financial strength

The net worth ratio is equal to a credit union's net worth divided by its assets. According to the National Credit Union Administration, a minimum net worth ratio of 7% is required to be considered to be a well capitalized credit union.

Loans & leases
Back to Top
$8,595
Average loan and lease size
Loan & lease sizes are small. They are smaller than at 64% of credit unions.

Class Act Credit Union holds a total of $123,490,000 in loans and leases, which is about $8,595 per member on average.

Savings interest rate
Back to Top
0.05%
Savings interest rate
Compared to 0.3% nationally

A credit union share account is an account at a credit union. It's called a share account because the credit union is member owned and as a result, members own shares in the credit union.

A share savings account pays you interest on your savings, similar to a savings account at a bank. The interest you receive can vary. Class Act Credit Union pays 0.05%.

Loan rates
Back to Top
10.50%
Unsecured non-credit card loan interest rate
Compared to 11.2% nationally
5.00%
Other secured non-real estate loans and lines of credit interest rate
Compared to 5.3% nationally
Car loan rates
Back to Top
1.99%
New car loan rate
Compared to 4.0% nationally
3.75%
Used car loan rate
Compared to 5.2% nationally
Mortgage rates
Back to Top
5.50%
Mortgage rate (secured by junior lien)
Compared to 3.4% nationally
4.25%
Mortgage rate (secured by 1st lien)
Compared to 3.3% nationally
Eastern Kentucky Credit Union
Location
Prestonsburg, Kentucky
Members
557
Assets
Net Worth Classification
Well Capitalized
Average Fee
Read More
C&O United Credit Union
Location
Edgewood, Kentucky
Members
3,582
Assets
Net Worth Classification
Well Capitalized
Average Fee
Credit Card Loan Interest Rate
13.99%
Read More
C-Plant Credit Union
Location
Paducah, Kentucky
Members
18,927
Assets
Net Worth Classification
Well Capitalized
Average Fee
Credit Card Loan Interest Rate
10.73%
Read More
Msd Credit Union
Location
Louisville, Kentucky
Members
841
Assets
Net Worth Classification
Well Capitalized
Average Fee
Read More
Park Community Credit Union, Inc.
Location
Louisville, Kentucky
Members
87,871
Assets
Net Worth Classification
Well Capitalized
Average Fee
Credit Card Loan Interest Rate
14.50%
Read More
Autotruck Financial Credit Union
Location
Louisville, Kentucky
Members
18,639
Assets
Net Worth Classification
Well Capitalized
Average Fee
Credit Card Loan Interest Rate
10.90%
Read More